On September 28, 2024, Jay Shah announced a historic financial initiative for IPL players, marking a new era in cricket. Each player will receive a match fee of ₹7.5 lakhs, with an additional ₹1.05 crore for participating in all league matches. This substantial increase means that each IPL team will allocate ₹12.60 crore as match fees for the season, significantly enhancing player earnings and promoting competitive balance among franchises.
This decision reflects the BCCI’s commitment to improving player welfare and elevating the overall standard of the league, ensuring that IPL remains a premier platform for cricketing talent globally.