UAE IT20 set to splash up to US $4,50,000 to marquee players for the inaugural season
UAE's ILT20 will get underway early next year
UAE's upcoming International League T20 [ILT20] is set to become the second most lucrative franchise-based tournament after the Indian Premier League. With marquee cricketers set to be offered as much as $ 4,50,000 for 2-3 weeks work.
The ILT20 is set for a January 2023 launch. The franchises are owned by Indian origin franchises mainly - Knight Riders' Group, GMR Group, Adani Sportsline, and Reliance Industries Limited.
The report also stated that the wage bill of each of the six franchises in the ILT20 is likely to be valued at around US$2.5 million, and the minimum wage bill is set to be close to US$1.5 million.
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Unlike the IPL, where franchises pick players in the draft or auction, the ILT20 offers a chance to the owners to freely negotiate directly with the players.
While the highest-paid player in the IPL earns more than US$2 million per season, it ranges from US$200,000 in the Pakistan Super League, US$1,64,000 in the Hundred and US$2,38,000 in the Big Bash League.
According to a report published in Cricinfo, a playing XI can have a maximum of 9 overseas recruits with places reserved for at least one UAE player and one cricketer from the Associate nations.
The wages of players have been divided into 9 categories, with the highest slab being US$3,40,00 and the lowest being US$ 10,000.
There is also an option of a 'total direct payout', according to which, a player can take home a sum of US$ 4,50,000.
The six-team competition will get underway early next year, with the inaugural season earmarked between the 6th January-February 12th window.