IPL could spend $96 million on player salaries as wage cap rises
The Indian Premier League, one of the world’s richest sports competitions, will let teams splurge up to $12 million each on player salaries in 2018, an increase of 20 per cent. After a meeting in New Delhi on Wednesday, the IPL governing council also said teams will have to spend a minimum of 75 per cent of the salary cap each season. The decision means the eight IPL teams are likely to spend anywhere between $72 million and $96 million on players alone for just eight weeks of cricketing action in 2018. “Whatever changes we have come up with are…
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