In recent years, the T20 format of the game has become very popular, and two major T20 leagues have emerged – the Indian Premier League (IPL) and the Pakistan Super League (PSL). Both leagues have their own unique characteristics, but the question remains: which one is bigger, PSL or IPL?
PSL is not bigger than IPL in terms of the total budget, operating revenue, and profit earned. Besides, IPL is way ahead in terms of sponsorship and total team purse than PSL. Players also used to earn more in salaries and in prize money in IPL than in PSL.
Cricket is the most popular sport in India and is played in almost every corner of the globe. It is the second most-watched sport after football and has a huge fan following. And these two leagues contribute to cricket’s immense popularity.
Origin Of PSL (Pakistan Super League)
The Pakistan Super League (PSL) was founded in 2015 and is a professional Twenty20 cricket league in Pakistan. The league is owned by the Pakistan Cricket Board (PCB) and is played between six franchises representing different cities in Pakistan.
The league was introduced with the aim of bringing international cricket back to Pakistan, which had been affected by security concerns. Some of the greatest Pakistani sportsmen play in this league nowadays.
Origin of IPL (Indian Premier League)
The Indian Premier League (IPL) was founded in 2008 and is a professional Twenty20 cricket league in India. The league is owned by the Board of Control for Cricket in India (BCCI) and will be played between ten franchises representing different cities in India in 2023.
The league was introduced with the aim of revolutionizing cricket in India and making it a more attractive and lucrative sport. And now, it is highly cherished as the best cricket competition in the T20 format.
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Format Of IPL And PSL
The format of the IPL and PSL is very similar. Both leagues are played in a round-robin format, followed by playoffs and a final. However, there are some differences between the two leagues.
The IPL has ten teams, while the PSL has six teams. The IPL has a longer season, lasting for around two months, while the PSL season lasts for around a month. Both IPL and PSL matches are now played at the best cricket stadiums of the respective nations.
Difference In Budget And Team Purse
The budget and team purse are two important aspects of any cricket league. They determine the amount of money that is available to the teams and the players and can have a significant impact on the overall quality of the league.
In the case of the IPL and PSL, there is a significant difference in the budget and team purse. The IPL has a much larger budget than the PSL, which is reflected in the higher team purse available to the franchises.
The total budget for the IPL is around $12 billion, while the total budget for the PSL is around $130 million. And with this budget, IPL can easily afford the highest-paid cricketers.
The team purse is the amount of money that is available to each franchise to spend on players. The IPL team purse is much larger than the PSL team purse.
The IPL team purse is around $12.5 million, while the PSL team purse is around $1.2 million. This means that each IPL franchise has more money to spend on buying players than each PSL franchise.
The larger budget and team purse available to the IPL franchises allows them to attract some of the best cricketers in the world. And IPL is known for its high-profile player auctions.
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Difference In Total Revenue
The IPL generates a much larger revenue than the PSL. IPL during the 2022 season was valued at an astounding $10.9 billion, with 75% growth since 2020. This league recently sold its media rights for $6.2 billion. On the other hand, PSL generated PKR 2.3 billion ($12 million approx.) in profit.
Things were almost the same in terms of the total revenue gap if we look back. The total revenue generated by the IPL in 2020 was around $530 million, while the total revenue generated by the PSL in 2020 was around $36 million.
The Popularity Factor – Is PSL More Popular Than IPL?
No, IPL is way more popular than PSL. The IPL, which was launched in 2008, is the most popular and successful T20 cricket league in the world. The BCCI’s financial clout has allowed the IPL to invest heavily in infrastructure, player salaries, and broadcasting rights.
The league attracts some of the best batsmen and best bowlers in the world, who compete in a highly competitive tournament format. The matches are played in state-of-the-art stadiums and are broadcast live on television and streaming platforms worldwide.
IPL has also invested heavily in marketing and promotion, which has helped to increase its visibility and reach.
On the other hand, the PSL, which was launched in 2016, is a relatively new T20 cricket league that is still developing. However, despite its challenges, the PSL has gained a significant following in Pakistan and other cricketing nations.
The league has attracted some high-profile international players, and its format has been praised for its competitiveness and quality of play. The PSL has also invested in infrastructure.
Difference In Prize Money
The IPL has the highest prize money of any cricket league in the world. The winning team of the IPL receives prize money of around $4 million, while the runners-up receive around $2 million. In terms of prize money, IPL is even bigger than Big Bash in 2023.
In addition to this, the league also offers other monetary rewards for individual performances, such as the “Orange Cap” for the leading run-scorer and the “Purple Cap” for the leading wicket-taker.
On the other hand, the PSL has much lower prize money compared to the IPL. The winning team of the PSL receives prize money of around $500,000, while the runners-up receive around $200,000.
The league also offers other monetary rewards for individual performances, such as the “Green Cap” for the leading run-scorer and the “Maroon Cap” for the leading wicket-taker.
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Average Player’s Salary – PSL vs. IPL
The average player’s salary in the IPL is much higher than that of the PSL. The average salary for an IPL player is around $1.5 million, while the average salary for a PSL player is around $50,000.
PSL has a salary cap of $170,000, while the popular cricket players receive up to $2.1 million (INR 18 crores) in IPL.
In the last 2022 IPL season, KL Rahul was bought for INR 17 crores. And in this season’s 2023 mini-auction, iconic all-rounder Sam Curran was bought by Punjab Kings for a record INR 18.5 crores.
Why Do Players Prefer To Play In IPL Than PSL?
The higher salaries and larger budgets in the IPL make it a more attractive option for players. The IPL also offers more exposure and opportunities for players to showcase their talent on the international stage.
The PSL, on the other hand, is seen as a stepping stone for young Pakistani players to make it to the international stage. PSL teams are now hiring the best cricket coaches to guide their teams to success.
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While the PSL has made significant progress since its inception, it still has a long way to go before it can catch up with the IPL. The IPL has a much larger budget, generates more revenue, and gives more prize money to teams and players.
However, PSL is gaining momentum steadily as we have seen some positive growth in its revenue and profit in the last two years. So, that’s all for today, cricket fans! Feel free to let us know about your favorite IPL and PSL teams in the comment section.