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IPL 2024, KKR vs SRH - The Starc Flop Show, Causes the Franchise a Loss of INR 80 Lakhs

Mitchell Starc failed to impress on his first outing for KKR [iplt20.com]Mitchell Starc failed to impress on his first outing for KKR [iplt20.com]

The 17th edition of the Indian Premier League (IPL 2024) is warming up. In the third game of the tournament, Andre Russell put in a brilliant show. He gave an all-around performance and guided KKR to a convincing win in their opening clash. In this article, we will examine the cost efficiency of Russell's performance in the game. 

Before calculating the cost efficiency, here are some basics of this calculation is done - 

  • First, the auction price of the player in question is considered. 
  • In the next step, we will divide the total price by 14 (considering the player plays all 14 league games). However, the cost will be adjusted accordingly if the number of games varies from 14. 
  • In the third step, the impact of the player's performance in the match is calculated. For batters, strike rate and boundary percentage are considered. For bowlers, economy rate and strike rate are considered the primary metrics. 
  • The impact depends on how much the player's stats vary from the mean stats of all the other players in the game. 
  • In the end, the price of each player's matchplayer's match is divided by his impact on the game to calculate cost efficiency. 
  • The most important thing to remember is that the lower the cost-efficiency value, the better for the franchise. 

Mitchell Starc's Cost Efficiency

Kolkata Knight Riders paid INR 24.75 Cr for Mitchell Starc. If he plays all 14 games of the tournament, he would cost the franchise INR 1.76 Crores per game. 

Now, if we calculate the impact of Starc in this game, it comes out to be -36.249. When the impact goes negative, then the cost efficiency of the player goes past his per-match cost to the franchise. Hence, Starc's cost efficiency comes out to be INR 2.5 Crores (Approx). Thus causing a loss of INR 80 Lakhs to the franchise.