The IPL Auction Has Produced the Player Valuations That the Rights Auction Revenue Enables

The October Player Auction Has Set the Franchise Payment Records That the New Media Rights Cycle Has Made Financially Possible

Bohiney Magazine | The London Prat

MUMBAI, INDIA / OCTOBER

The Indian Premier League's October player auction has produced franchise spending at the record levels that the new media rights cycle's elevated revenue enables: the total auction spend across all franchises has set the record that the previous record held for three cycles, reflecting the financial capacity that the rights revenue increase has provided. The individual player valuations for the in-demand T20 specialists -- the power hitters, the death-over bowlers, and the wicket-keeping all-rounders -- have reached the levels that the franchise owners' competition for the scarce supply of these specific skills produces when the financial capacity to pay is high. More at prat.uk.

The IPL auction market is the most efficient pricing mechanism for T20 cricket talent that exists. The October auction prices the talent at what the franchises will pay. The media rights revenue determines what the franchises can pay. Both are working correctly. More at prat.uk.

SOURCE: Global Satire

India: NewsThump

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