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Objective of the Study

Mind Map of IPL

IPL Revenue Flow

Bases of Valuation of Players

Data Results and Regression Analysis

Who gets What ?

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Indian PremierLeague

Business TycoonsPeoples interest

Bollywood stars

Cricket craze

Entertainment

20: -20 (time factor)

Other factors

Betting

1 st huge event inIndia

Success of ICL

20: -20 WC win byIndia

Marketing strategy

AdvertisementsmoneyMedia hype

Foreign players

My City

Indian Cricket Idols

My player

Favouritism

Mainly evenings

Cheer groups

Rewards

Family oriented

U19WC win byIndia

Huge money forplayers

Huge money forwinners

Returns

Telecast rights

My Bollywood star

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CRICKETING ATTRIBUTES

Dummy Variables

Measurable Variables

Batting related : runs scored, batting avg, strike rate,

number of centuries and half centuries.

Bowling related : wickets taken, bowling economy rate,

bowling avg, bowling strike rate.

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For Batsman : Yp = + 1Micon + 2Icon + 3Exicon + 4Age + 5OBtA

+ 6TBtStR + 7Cent + 8HCent

For Bowler :

Yp = + 1Micon + 2Icon + 3Exicon + 4Age + 5OER+ 6OBwStR + 7Wickets

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Variables DescriptionYp Final Bid Price of players in US$

Micon Dummy variable with value :

1 for four Icon players receiving final bid price exceeding1 million US$.0 for others.

The millionaire Icon players are: Youvraj Singh, Punjab; SouravGanguly, Kolkata; Rahul Dravid, Bangalore; and SachinTendulkar, Mumbai.

Icon Dummy variable with value :1 for the Icon player receiving less than a million US$ finalbid price.0 for others.

The player is Virender Sehwag, Delhi.Exicon Dummy variable with value :

1 for two Non-Icon players receiving final bid price ofmore than US$ 1 million.0 for others.

The millionaire non-Icon players are: Mahendra Singh Dhoniand Andrew Symonds.

Age Age of the player in completed years.OBtA ODI Batting Average.

TBtStR T20 Batting Strike RateCent Total number of Centuries

HCent Total number of Half CenturiesOBwStR ODI Bowling Strike Rate

OER ODI Economy RateWickets Total number of wickets taken

Description of Variables

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Variables Parameter EstimatesIntercept 431104

Micon 1 522610

Icon 2 327159

Exicon 3 1003000

Age 4 -11781

OBtA 5 -3413

TBtStR 6 3099

Cent 7 4676

HCent 8 725

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0

200000

400000

600000

800000

1000000

1200000

1400000

1600000

1800000

Actual Valuation

Predicted Valuation

The results appear to slightly underestimate the valuations to players that went for higher

prices, and similarly overestimate the valuations of players at lower levels. This may well reflect that a

player s valuation reflects not just variables (which we capture) but also marketing value and other intangible

benefits (which it is not possible to capture).

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