Sri Lanka Premier League 2012 June 26, 2012

SLPL franchises fetch average of $4.3 million

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Sri Lanka Cricket has auctioned the seven Sri Lanka Premier League teams for an average price of $4.3 million, an SLC official has said. However, the names of the successful bidders, along with their respective teams, will only be announced once they have been approved by SLC's executive committee.

The prices of the franchises represent a substantial increase over the cost of teams in the Bangladesh Premier League, where six teams were sold for $6.49 million, with none of them going for much more than the base price of $1 million. However, the figures still pale in comparison to the IPL, which had its first eight teams bring in $723 million.

One crucial difference between the SLPL and the IPL is that the teams have only been leased for an initial period of seven years and not sold outright. At the end of the period, the franchisees will need to sign a fresh agreement but will have the first right of refusal. The reserve price for the franchises had been set at $3 million.

In order to determine the teams, the franchises will take part in the player draft, to be held on July 5 and 6. A lottery will be held to determine the order in which players are picked. SLC will determine the value of the contract for each player in advance and the franchises will be made aware of the cost of the player. The players are likely to be drafted in two groups - the first consisting of players from Sri Lanka and the second all the foreign players. The draft is being seen as the best way to ensure that players are evenly distributed among the teams, making it a level playing field.

The SLPL was supposed to kick off last year. However, the Sri Lankan board was forced to postpone the tournament after the BCCI refused to allow its players to participate at the last minute, causing a delay in the naming of the final composition of the teams and affecting overall preparations for the event. In addition, SLC's interim committee that signed the deal was subsequently replaced and there was criticism of some of the clauses in the contract with Somerset Entertainment Ventures by the parliamentary Committee on Public Enterprises (COPE). A new contract was subsequently signed earlier this year.

The SLPL starts on August 10, with the final to be held on August 31. There will be 24 games in total, split between Colombo and Pallekele.

Tariq Engineer is a senior sub-editor at ESPNcricinfo

Comments have now been closed for this article

  • YS_USA on June 28, 2012, 23:37 GMT

    Agam99, It is not India owned or controlled, but based on India's huge TV market, which is smartly utilized by SL and BD. Next step for SL and BD teams is to get Indian players to generate more interest in Indian market and then teams from all 3 leagues, BPL, SLPL, and IPL can play each other and then we will have Asia Series of our own which will be more interesting than Champions League.

  • agam99 on June 28, 2012, 13:46 GMT

    All seven franchises of SLPL are Indian business enterprises. These days everything in cricket in Indian owned/controlled. Even the firm which organized BPL is an Indian company

  • YS_USA on June 27, 2012, 15:19 GMT

    Larger the economy and population, larger is the TV viewers, which results in larger money for T20 teams and and their players. Salary cap for BBL is $1 million per team, for BPL is $2 million per team and for IPL $9 million per team. Soon, we will find out SLPL salary cap and then it will more sense. I think BBL teams are not privately owned, but owned and controlled by the Australian board, so it has no market value. Cricket becomes fun, enjoyable and entertaining only if all countries allow their players to play in T20 leagues. Pakistan-India situation is understandable and Australia is in a different time zone, but BPL, SLPL and IPL matches with players from all countries should be fun to watch.

  • SureshBravo on June 27, 2012, 14:14 GMT

    @ Ramesh Dharshana Perera : Kiddo you have to believe and agam comment was not a lie. Pune is $370 million and IPL was $723.59 million. Check Wikipedia. Also we indians bought 6 SLPL team.

  • ameen85 on June 27, 2012, 6:10 GMT

    I donno y pepole comparing the economy and the population of the SL,IND and BAN? Its only cricket and the price of the SLPL is higher because SL has got talented cricketeters than BAN. BAN cant even think of comparing their cricketers with SL or IND.... U have got to grow up a lot to compare ur players with others..

    Come on guys lets enjoy the game

  • Udendra on June 27, 2012, 4:45 GMT

    Anyone know the value of BBL franchises? I think SLPL value has nothing to do with population or GDP, but with the players' quality.

  • PKosgoda on June 27, 2012, 2:36 GMT

    The youngsters maintained consistency from very young age should be given high priority, A fair share of this should go to the SLan youngsters as incentives for them to be in the Game. The henchmen, the selectors have been messing around with for the last 10 years shouldn't be considered.

  • ikmal--syd on June 27, 2012, 1:21 GMT

    it's not a competition between bangladesh and sri lanka or india, it's about entertaining cricket!

  • SylhetiBangladeshiCricketExpert4u on June 27, 2012, 0:38 GMT

    @YS_USA - Indian Players are allowed in BPL but Bcci didnt allow their players to participate in it ...and in SLPL i think bcci didnt said anything about indian players whether they will play in SLPL or not yet...and about Big Bash of Australia i dont knw the value of their Franchises

  • YS_USA on June 26, 2012, 21:08 GMT

    SylhetiBangladeshiCricketExpert4u, Your rankings of two economies sound correct, but why Indian players are allowed in SL T20 league and not BL T20 league? Australia also has great local players, but what is the value of BBL franchises?

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