BCCI announces increase in prize money for domestic tournaments
The BCCI on Sunday announced an increase in prize money for the domestic tournaments with the Ranji Trophy winners set to receive a whopping cash reward of Rs 5 crore this year.
According to the new pay structure, Ranji Trophy winners, who currently get a cheque of Rs 2 crore, will be receiving Rs 5 crore, while the runners-up and losing semifinalists will get Rs 3 crores and Rs 1 crore respectively.
"I'm pleased to announce an increase in prize money for all @BCCI Domestic Tournaments," BCCI secretary Jay Shah said in a tweet.
"We will continue our efforts to invest in Domestic Cricket which is the backbone of Indian Cricket. Ranji winners to get ?5 crores (from 2 cr), Sr Women winners Rs 50 lacs (from 6 lacs)."
The cash prize for Irani Cup too has been doubled with the winners getting 50 lakh instead of Rs 25 lakh, and while the team finishing runners-up currently don't receive any cash reward, they will get 25 lakh from now on.
In Duleep Trophy, the champions will get Rs 1 cro