Rishabh Pant’s IPL Earnings Breakdown: Taxes, Injuries, and Contingencies
Wicketkeeper-batsman Rishabh Pant made history as the most expensive player in IPL auction history, with Lucknow Super Giants (LSG) acquiring him for a record ₹27 crores. Below is a breakdown of his earnings, taxes, and contingencies in case of injuries or personal withdrawals during the tournament.
Pant’s Earnings After Taxes
Rishabh Pant will be taxed ₹8.1 crores on his ₹27-crore contract as per Indian income tax laws. After tax deductions, his net salary for the season will amount to ₹18.9 crores.
What Happens if a Player Gets Injured?
- Pre-Tournament Injury or Withdrawal:
If Pant suffers an injury before the tournament begins or opts out for personal reasons, no payment will be made to him. The franchise also retains the right to replace him with another player. - Mid-Tournament Injury:
If Pant is injured during the tournament and cannot continue playing, the franchise is required to pay him the full contract amount for the season.
BCCI’s Role for Indian Players
If an Indian player like Pant is injured while representing Team India, the BCCI’s insurance policy ensures they receive their full salary for the IPL season, regardless of injuries sustained during national duty.
Foreign Players and Compensation
For foreign players, the situation differs. If they are injured before the tournament or withdraw for personal reasons, they are not entitled to any compensation. However, foreign players who are benched for the entire season, but remain available, are still eligible for their full contract salary.
Mid-Tournament Withdrawals for Personal Reasons
If Pant withdraws from the tournament mid-way due to personal reasons, his payment will be prorated based on the number of matches he has played.
Key Takeaways:
- Pant’s post-tax earnings from the IPL contract will be ₹18.9 crores.
- No payment is made for injuries before the tournament, but mid-tournament injuries guarantee full compensation.
- The BCCI ensures that Indian players’ earnings are safeguarded in case of injuries during national duties.
