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Value for money at the IPL Auctions

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IPL_Indian_Premier_LeagueThere are currently eight teams playing the IPL with Chennai Super Kings and Rajasthan Royals suspended for two years. A team can acquire players in five ways: the annual auction, signing domestic players, signing uncapped players, trading players, and signing replacements. The teams can retain a maximum of five players and remaining players have to be auctioned.

The aim of this piece is to quantify the returns that the teams have got on their investments for players bought in the auction. This is done using the IPL’s own MVP (most valuable player) points as the performance criteria of a player. The teams’ bidding efficiency is judged by how much money they have spent per MVP point across all auctions. The players with the lowest cost per MVP point (taking a minimum of 100 points) have been the best value for money purchases.

The analysis is done only for the year the player has been bought and doesn’t include subsequent years’ performance of the player if retained by the team. The time period for this analysis is 2013-2016.

MVP Points Calculation

•    2.5 points for each four
•    3.5 points for each six
•    3.5 points for each wicket taken
•    1 point for each dot ball bowled
•    2.5 points for each catch or stumping taken

Best Performers

A look at the top performers reveals that spinners have provided the most value. Yuzvendra Chahal, Amit Mishra & Pravin Tambe have been the standouts. 8 of the top 15 players are bowlers, likely due to the weightage given to dot balls. Chahal has been quite a find for Royal Challengers Bangalore (RCB), as his performance has only improved in subsequent years.

Best Performing Players (more than 100 Points)

Player

Team

Year

Four

Sixes

Wickets

MVP Points

Rs. Spent Per MVP Point

Yuzvendra Singh Chahal

Royal Challengers Bangalore

2014

0

0

12

164.5

6K

Amit Mishra

Gujarat Lions

2016

0

0

13

143.5

7K

Pravin Tambe

Rajasthan Royals

2014

0

0

15

141.5

7K

Hardik Pandya

Mumbai Indians

2015

11

8

1

105.0

10K

Mitchell McClenaghan

Mumbai Indians

2015

0

2

18

198.0

15K

Akshar Rajesh Patel

Kings XI Punjab

2014

6

1

17

252.5

30K

Ashok Dinda

Rising Pune Supergiants

2016

0

0

11

122.5

41K

Naman Ojha

Sunrisers Hyderabad

2014

14

17

0

112.0

45K

Marcus Stoinis

Kings XI Punjab

2016

13

4

8

113.5

48K

Sandeep Sharma

Kings XI Punjab

2014

0

0

18

174.5

49K

Karun Nair

Rajasthan Royals

2014

38

9

0

136.5

55K

Aaron Finch

Gujarat Lions

2016

45

11

0

158.5

63K

Thisara Perera

Rising Pune Supergiants

2016

7

11

9

156.0

64K

Mustafizur Rahman

Sunrisers Hyderabad

2016

0

0

17

201.5

69K

Christopher Morris

Rajasthan Royals

2015

3

5

13

191.0

73K

 

Highest Bids

Yuvraj Singh features in 3 of the top 10 bids at the auctions, as he was the most paid cricketer in IPL for 2014 & 2015. Delhi Daredevils (DD) and RCB are among the big spenders as they hope to get the best players for their team. This makes sense as DD have struggled to make players perform, and usually don’t retain big players as their big bets haven’t paid off yet.

Player

Team

Year

Bid Amount(in crores of Rs.)

MVP Points

Rs. Spent Per MVP Point

Yuvraj Singh

Delhi Daredevils

2015

16.0

112.0

1429K

Yuvraj Singh

Royal Challengers Bangalore

2014

14.0

211.0

664K

Dinesh Karthik

Delhi Daredevils

2014

12.5

131.0

954K

Dinesh Karthik

Royal Challengers Bangalore

2015

10.5

96.5

1088K

Shane Watson

Royal Challengers Bangalore

2016

9.5

283.0

336K

Kevin Pietersen

Delhi Daredevils

2014

9.0

114.5

786K

Pawan Negi

Delhi Daredevils

2016

8.5

35.0

2429K

Angelo Mathews

Delhi Daredevils

2015

7.5

149.0

503K

Christopher Morris

Delhi Daredevils

2016

7.0

247.0

283K

Yuvraj Singh

Sunrisers Hyderabad

2016

7.0

110.0

636K

 

IPL Teams’ Price Paid vs MVP score

Price Paid vs MVP IPL

The graph shows that DD and RCB occupy the high bid range, further illustrating that DD haven’t got great results with their high bids.

Total Biddings vs Points earned IPL

A look at teams getting the most out of their auction bids reveals that new entrants Gujarat Lions (GL) have had great returns from their bid players; the other new team, Rising Pune Supergiants (RPS), have had a forgettable first season. Rajasthan Royals (RR) have proved that you don’t need to spend a lot on players and have made some very smart bids and have got great returns. Unsurprisingly, DD have got the least returns as their big bets have failed to give results.

Team

Total Bid Value (Crores of Rs.)

Total MVP Points

Amount Spent Per Point

Gujarat Lions

15.8

1271.5

125K

Rajasthan Royals

21.4

1395.0

154K

Kings XI Punjab

49.7

2475.5

201K

Chennai Super Kings

31.1

1515.0

205K

Kolkata Knight Riders

46.3

1976.0

234K

Mumbai Indians

43.0

1659.0

259K

Sunrisers Hyderabad

77.6

2897.0

268K

Royal Challengers Bangalore

73.4

2716.5

270K

Rising Pune Supergiants

21.7

663.0

327K

Delhi Daredevils

131.6

2925.0

450K

Stats by: Mudassir Khan

 

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