Tag Archives: Cricket

What are the highest paid sports leagues?

NBA basketball has the highest average salary of any sports league followed by IPL cricket with baseball coming in third. Over half of the highest paid leagues were football with the EPL and the Bundesliga being above US$2 million. It is interesting that La Liga is third within the Football category even though a Spanish team has won the Champions League 5 times in the last 7 years.

In cricket the Twenty20 format has proved to be very popular with television viewers and gets very good attendances most notably in the IPL (India), Big Bash (Australia) and T20 Blast (England). In September this year IPL signed a five year contract worth US$2.55bn (US$510m per year) for broadcast and digital rights with Star India – a TV network owned by 21st Century Fox. The IPL competition involves just 60 matches which equates to US$8.5m per game which is 400% higher than the NBA per game and 66% greater per game than that of the EPL.

Cricket in the USA
Although cricket is globally very popular it has very limited uptake in the USA – both players and spectators. Sport in the USA has a high income elasticity of demand which means a change in income results in a greater percentage increase in demand. An Indian Media firm – Times of India Group – are hoping to tap into the American market and put on high profile cricket matches with the leading players in the game. The games generally take place in baseball stadiums but the firm is considering building cricket stadiums.

Highest paid sports leagues 2014-2015 season.

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Source: CIE AS & A Level Revision Guide by Susan Grant

Test Cricket – better to make your debut at home

Recent research by Shekar Aiyar and Rodney Ramcharan, two IMF economists, has shown that you are more likely to have a successful cricket career if you make your debut in your home country. Playing at home gives a player the advantage of familiar climatic conditions, pitches and also the home crowd. Going through the data on 790 cricketers who made their test debuts between 1950 and 1985, of those who made their debuts at home rather than overseas it raises the average number of runs in their first series by 33% and reduces the numbers of runs conceded by a bowler by 18%. For example, the great Indian opening batsman Sunil Gavaskar’s batting average was about a third higher than that of competent contemporaries such as Keith Fletcher or Larry Gomes. Legendary Australian bowler Dennis Lillee’s average was about 15 percent lower than that of his supporting bowler, Max Walker.

A strong debut seems to lead to a shiner career. Every additional 10 runs scored in a debut series adds an extra 5 runs to a player’s career average. The effects of initial success are similar for bowlers. Obviously a good start builds confidence and an ability to cope with the pressures of Test cricket. A poor performance on debut seems to stick in the minds of the selectors especially if it was made abroad. With the first Ashes Test just completed and if the research is correct, Australia need to blood some new bowlers if there is to be a result in the series.