Lalit Modi

Two, there's just way more money to go around. Yeah, you're only getting 12%, 15% of the revenue, but it's a really big pie. And then the third reason is, the actual IPL season is very short and you are not locked up for the rest of the year. So it's like, oh yeah, you can come play in the IPL for the two-month window that is their season.

Two, there's just way more money to go around. Yeah, you're only getting 12%, 15% of the revenue, but it's a really big pie. And then the third reason is, the actual IPL season is very short and you are not locked up for the rest of the year. So it's like, oh yeah, you can come play in the IPL for the two-month window that is their season.

You can then go play for your international team or other leagues around the world. Do whatever you want the rest of the year. Earn as much money as you want elsewhere.

You can then go play for your international team or other leagues around the world. Do whatever you want the rest of the year. Earn as much money as you want elsewhere.

Of course they do. So that's all the carrot incentives. And then that brings up the stick incentive, which is at least if you're an Indian player, the stick incentive is, hey, you're going to be happy with this or we're not going to let you play on the international team in India. Yep, that's exactly right.

Of course they do. So that's all the carrot incentives. And then that brings up the stick incentive, which is at least if you're an Indian player, the stick incentive is, hey, you're going to be happy with this or we're not going to let you play on the international team in India. Yep, that's exactly right.

But all that said, even if you were to have a better collective bargaining system, players were to make more in the auction purse relative to the revenues of the league, this would still be an incredibly beautiful system. Every other sports league in the world should adopt this. They won't because the existing systems that they all have are too entrenched.

But all that said, even if you were to have a better collective bargaining system, players were to make more in the auction purse relative to the revenues of the league, this would still be an incredibly beautiful system. Every other sports league in the world should adopt this. They won't because the existing systems that they all have are too entrenched.

But this is the new optimal system for running a sports league. The last point to the structure of the auction is every three years, there's a super auction where everybody gets back in the pool and it all resets, except each team can retain four players.

But this is the new optimal system for running a sports league. The last point to the structure of the auction is every three years, there's a super auction where everybody gets back in the pool and it all resets, except each team can retain four players.

You want the equivalent of Tom Brady playing for the Patriots and building that brand equity for the Patriots. Importantly, though, there is still a salary cap that applies to that retained pool. That then does start to get a little harder to police and opens the door up for more side deals and other incentives, etc. But for the most part, It really is an incredibly elegant system here.

You want the equivalent of Tom Brady playing for the Patriots and building that brand equity for the Patriots. Importantly, though, there is still a salary cap that applies to that retained pool. That then does start to get a little harder to police and opens the door up for more side deals and other incentives, etc. But for the most part, It really is an incredibly elegant system here.

That takes half the money.

That takes half the money.

Yep. Here's the rationale. I will give you the argument. The role of the BCCI is they are the stewards of the game in India. and as the largest and most important cricket playing country in the world. De facto, they are the stewards of the game around the world. So what that money is intended to go to is two things. One, infrastructure, like you said, improving the stadiums, et cetera, et cetera.

Yep. Here's the rationale. I will give you the argument. The role of the BCCI is they are the stewards of the game in India. and as the largest and most important cricket playing country in the world. De facto, they are the stewards of the game around the world. So what that money is intended to go to is two things. One, infrastructure, like you said, improving the stadiums, et cetera, et cetera.

Spoiler alert for later in the episode, doesn't really go there right now. And then the second and arguably more important thing that the BCCI does with that money is player development.

Spoiler alert for later in the episode, doesn't really go there right now. And then the second and arguably more important thing that the BCCI does with that money is player development.

So still today, because the IPL is in its infancy relative to other established sports leagues, the teams and franchises themselves aren't set up to develop talent in the way that, say, Major League Baseball is the most developed on this front.

So still today, because the IPL is in its infancy relative to other established sports leagues, the teams and franchises themselves aren't set up to develop talent in the way that, say, Major League Baseball is the most developed on this front.