Scotch-Plains Fanwood High SchoolClass of 2024Scotch Plains, New Jersey
AboutHello! My name is Gokul Ramanan and I'm an aspiring data scientist, statistician, and financial analyst who loves cricket. My first polygence project was comparing the Indian Premier League's (IPL) media rights and salary cap to other professional leagues worldwide. I chose this project because I wanted to explore the financial standing of the world's most popular cricket league (IPL) in comparison to some of the wealthiest sports leagues globally. This project has significantly honed my data analytics skills and deepened my understanding of complex financial structures in sports organizations. I'm extremely satisfied with its outcome and plan to further my data analysis pursuits by delving into regression modeling and machine learning, specifically examining the relationship between IPL player salaries and their career statistics.
Comparing the IPL’s Media Rights and Salary Cap to Other Professional Leagues Worldwide: An In-Depth Analysis
Started Mar. 9, 2022
Abstract or project description
The Indian Premier League (IPL) received a massive hike in their recent media rights contract (2023–2027), growing by 143% in terms of the annual amount of dollars paid to the league per season, placing it among the top two richest leagues in the world in terms of dollars per game. However, the salary cap growth in the IPL does not reflect this same upward trend. This article aims to critically analyze the factors responsible for the relatively subdued salary cap growth while exploring the key factors driving the massive media rights growth in the IPL. At the heart of this analysis lies the IPL’s governance structure, which is overseen by the Board of Control for Cricket in India (BCCI), endowing them the power to regulate the financial constraints imposed on player remuneration. To provide an in-depth understanding on this, nine other global sports leagues will be examined as points of comparison for media rights and three other global sports leagues will be investigated as points of comparison for the salary cap.