The Indian Premier League (often abbreviated as IPL) is a domestic professional league for Twenty20 cricket competition in India. It was initiated by the Board of Control for Cricket in India (BCCI) headquartered in Mumbai supervised by BCCI Vice President Chirayu Amin, current chairman & commissioner of IPL, and CEO, Sundar Raman. It currently contested by 10 teams (franchises) consisting of players from different countries. It was started after an altercation between the BCCI and the Indian Cricket League.
In 2010, IPL became the first sporting event ever to be broadcast live on YouTube. Its brand value was estimated to be around $4.13 billion the same year. According to global sports salaries review, IPL is the second highest-paid league, based on first-team salaries on a pro rata basis, second only to the NBA. It is estimated that the average salary of an IPL player over a year would be $3.84 million.
