The BCCI has decided to implement strict cost cutting measures with the notable decision of reducing IPL champions' prize money by half.

In a circular sent to all IPL franchises, the BCCI has notified that instead of a whopping Rupees 20 crore, the IPL champion team will now be rewarded with Rupees 10 crore. The runners-up will get Rupees 6.25 crore from earlier Rupees 12.5 crore. The two losing qualifiers will now get Rupees 4.375 crore each.