After successfully done by rediff last year, this time also they came up of with same PVI. This PVI (paisa vasool index) uses a model developed by M J Manohar Rao and Rajeeva L Karandikar. According to them Players taking so much money but are they giving that much return ?? Are they giving the money in IPL.
According to them:
A reasonable pricing rule could be: any player with a paisa vasool index (PVI) of over 2000 is overpriced, unless it is a Sachin Tendulkar or a Mahendra Singh Dhoni or a Virender Sehwag (who could be allowed a PVI of up to 3000 as Non cricketing triats value million dollar); any established player with a PVI below 500 is under priced, and the fairest price tag would be to pay an established player an amount that delivers a PVI between 1000 and 1500.
Some players however cost much more to deliver the same sort of performance. Compare, for instance Jacques Kallis vs Abhishek Nayar . Both have an almost identical most valuable player index (MVPI) -- 197 vs 199 -- but Kallis costs nine times more!
| Player | Team | Runs | Strike Rate | W | Eco | M | MVPI | Money ($) | PVI |
| Suresh Raina | CSK | 264 | 147.5 | 4 | 5.5 | 7 | 405 | 650000 | 895 |
| M Hayden | CSK | 289 | 161.5 | 0 | -- | 7 | 370 | 375000 | 564 |
| Yusuf Pathan | RR | 181 | 161.6 | 4 | 6.6 | 7 | 307 | 475000 | 863 |
| AB de Villiers | DD | 228 | 139.0 | 0 | -- | 7 | 306 | 300000 | 491 |
| Brad Hodge | KKR | 240 | 112.1 | 6 | 7.8 | 8 | 302 | 100000 | 208 |
| Adam Gilchrist | DC | 210 | 154.4 | 0 | -- | 7 | 294 | 700000 | 1193 |
| Irfan Pathan | KXI | 134 | 122.9 | 10 | 7.6 | 8 | 283 | 925000 | 1869 |
| Yuvraj Singh | KXI | 208 | 130.8 | 3 | 7.5 | 8 | 274 | 1063750 | 2216 |
| RP Singh | DC | 8 | 57.1 | 13 | 6.7 | 7 | 234 | 875000 | 1874 |
| Lasith Malinga | MI | 0 | -- | 11 | 4.8 | 6 | 226 | 350000 | 751 |
| Sachin Tendulkar | MI | 209 | 124.4 | 0 | 7.8 | 6 | 223 | 1121250 | 2448 |
| Anil Kumble | BRC | 8 | 66.7 | 10 | 5.8 | 8 | 208 | 500000 | 1375 |
| Tillakaratne Dilshan | DD | 184 | 131.4 | 0 | 8.4 | 7 | 205 | 250000 | 611 |
| Abhishek Nayar | MI | 102 | 143.7 | 4 | 5.9 | 6 | 199 | 100000 | 244 |
| Jacques Kallis | BRC | 220 | 118.3 | 1 | 9.8 | 7 | 197 | 900000 | 2552 |
| Chris Gayle | KKR | 171 | 119.6 | 1 | 7.6 | 7 | 196 | 800000 | 2280 |
| Pragyan Ojha | DC | 1 | 20.0 | 10 | 5.8 | 7 | 195 | 30000 | 77 |
| Jean-Paul Duminy | MI | 186 | 111.4 | 1 | 7.7 | 6 | 193 | 950000 | 2388 |
| MS Dhoni | CSK | 165 | 125.0 | 0 | -- | 7 | 193 | 1500000 | 4341 |
| MN van Wyk | KKR | 167 | 128.5 | 0 | -- | 4 | 192 | 50000 | 149 |
| Dinesh Karthik | DD | 127 | 139.6 | 0 | -- | 7 | 190 | 525000 | 1383 |
| Rohit Sharma | DC | 149 | 118.3 | 1 | 7.3 | 7 | 189 | 750000 | 1989 |
| Dwayne Smith | DC | 151 | 175.6 | 0 | 10.3 | 6 | 189 | 100000 | 258 |
| Shane Warne | RR | 63 | 87.5 | 9 | 7.8 | 7 | 187 | 450000 | 1341 |
| Sanath Jayasuriya | MI | 137 | 122.3 | 4 | 9.2 | 6 | 184 | 975000 | 2581 |
| Dwayne Bravo | MI | 94 | 108.0 | 7 | 8.7 | 4 | 183 | 150000 | 327 |
| Yusuf Abdulla | KXI | 0 | -- | 14 | 8.6 | 8 | 182 | 50000 | 157 |
| Praveen Kumar | BRC | 44 | 133.3 | 8 | 7.1 | 7 | 182 | 300000 | 920 |
| Ravindra Jadeja | RR | 168 | 108.4 | 1 | 6.5 | 7 | 181 | 30000 | 92 |
| Rahul Dravid | BRC | 144 | 135.8 | 0 | -- | 5 | 179 | 1035000 | 3065 |
The best picks from this list would be players with a more modest price tag (US $100,000 to $400,000) who have delivered outstanding performances: Matthew Hayden , AB de Villiers, Brad Hodge, Lasith Malinga, Tillakaratne Dilshan, Abhishek Nayar, Pragyan Ojha, van Wyk, Dwayne Smith, Dwayne Bravo, Yusuf Abdulla and Ravindra Jadeja. [Some player prices cannot be confirmed]
All these players put together would cost approximately two million dollars -- much less than what Kevin Pietersen or Andrew Flintoff is earning!
The IPL pricing so far has been extremely irrational, and one expects franchise owners to correct this in subsequent years.
The table below shows how the 30 most expensive players are performing -- or have performed before leaving.
| Player | Team | Runs | Strike Rate | W | Eco | M | MVPI | Money ($) | PVI |
| K Pietersen | BRC | 93 | 109.4 | 4 | 6.5 | 6 | 160 | 1550000 | 4145 |
| A Flintoff | CSK | 62 | 117.0 | 2 | 9.5 | 3 | 81 | 1550000 | 4088 |
| MS Dhoni | CSK | 165 | 125.0 | 0 | -- | 7 | 193 | 1500000 | 4341 |
| Sachin Tendulkar | MI | 209 | 124.4 | 0 | 7.8 | 6 | 223 | 1121250 | 2448 |
| Sourav Ganguly | KKR | 104 | 106.1 | 2 | 8.1 | 8 | 113 | 1092500 | 6104 |
| Yuvraj Singh | KXI | 208 | 130.8 | 3 | 7.5 | 8 | 274 | 1063750 | 2216 |
| Rahul Dravid | BRC | 144 | 135.8 | 0 | -- | 5 | 179 | 1035000 | 3065 |
| Sanath Jayasuriya | MI | 137 | 122.3 | 4 | 9.2 | 6 | 184 | 975000 | 2581 |
| Jean-Paul Duminy | MI | 186 | 111.4 | 1 | 7.7 | 6 | 193 | 950000 | 2388 |
| Ishant Sharma | KKR | 16 | 123.1 | 9 | 6.8 | 8 | 176 | 950000 | 3388 |
| Irfan Pathan | KXI | 134 | 122.9 | 10 | 7.6 | 8 | 283 | 925000 | 1869 |
| Jacques Kallis | BRC | 220 | 118.3 | 1 | 9.8 | 7 | 197 | 900000 | 2552 |
| RP Singh | DC | 8 | 57.1 | 13 | 6.7 | 7 | 234 | 875000 | 1874 |
| Harbhajan Singh | MI | 54 | 180.0 | 3 | 6.2 | 6 | 144 | 850000 | 2867 |
| Virender Sehwag | DD | 87 | 167.3 | 0 | -- | 5 | 117 | 833750 | 3374 |
| Chris Gayle | KKR | 171 | 119.6 | 1 | 7.6 | 7 | 196 | 800000 | 2280 |
| Robin Uthappa | BRC | 123 | 109.8 | 0 | -- | 7 | 141 | 800000 | 3172 |
| Rohit Sharma | DC | 149 | 118.3 | 1 | 7.3 | 7 | 189 | 750000 | 1989 |
| Gautam Gambhir | DD | 140 | 112.0 | 0 | -- | 7 | 132 | 725000 | 2751 |
| Adam Gilchrist | DC | 210 | 154.4 | 0 | -- | 7 | 294 | 700000 | 1193 |
| K Sangakkara | KXI | 193 | 102.7 | 0 | -- | 8 | 167 | 700000 | 2395 |
| B McCullum | KKR | 85 | 83.3 | 0 | -- | 7 | 85 | 700000 | 5059 |
| Jacob Oram | CSK | 54 | 112.5 | 3 | 8.3 | 5 | 99 | 675000 | 3604 |
| Manoj Tiwary | DD | 9 | 69.2 | 0 | 11.0 | 2 | 13 | 675000 | 21883 |
| Suresh Raina | CSK | 264 | 147.5 | 4 | 5.5 | 7 | 405 | 650000 | 895 |
| Albie Morkel | CSK | 45 | 132.4 | 7 | 8.0 | 6 | 148 | 650000 | 2392 |
| Tyron Henderson | RR | 11 | 73.3 | 1 | 7.5 | 1 | 18 | 650000 | 16791 |
| Daniel Vettori | DD | 29 | 103.6 | 7 | 8.4 | 5 | 145 | 625000 | 2039 |
| M Muralitharan | CSK | 3 | 60.0 | 7 | 5.5 | 6 | 166 | 600000 | 1965 |
| Herschelle Gibbs | DC | 148 | 120.3 | 0 | -- | 7 | 178 | 575000 | 1617 |
Are the franchise owners doing the right thing by giving so much price to players?? Is it making any impact on IPL business?? Or is it a strategy adopted for IPL marketing?? So that by listening about such high price people will watch more. Or they are trying to capture the audience from outside India by giving such huge amount to foreign players. Next year Ipl is planning to launch 4 more teams, Will those franchise owner do same thing as these franchisee owners are doing?? Is IPL giving chance to new talent (a IPL controversy ) or just earning money?? Is it good for IPL brand??
Source: rediff.com
Other related sites: http://t20iplcricket2009.blogspot.com/
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