Download - IPL Players Valuation
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Objective of the Study
Mind Map of IPL
IPL Revenue Flow
Bases of Valuation of Players
Data Results and Regression Analysis
Who gets What ?
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Indian PremierLeague
Business TycoonsPeoples interest
Bollywood stars
Cricket craze
Entertainment
20: -20 (time factor)
Other factors
Betting
1 st huge event inIndia
Success of ICL
20: -20 WC win byIndia
Marketing strategy
AdvertisementsmoneyMedia hype
Foreign players
My City
Indian Cricket Idols
My player
Favouritism
Mainly evenings
Cheer groups
Rewards
Family oriented
U19WC win byIndia
Huge money forplayers
Huge money forwinners
Returns
Telecast rights
My Bollywood star
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CRICKETING ATTRIBUTES
Dummy Variables
Measurable Variables
Batting related : runs scored, batting avg, strike rate,
number of centuries and half centuries.
Bowling related : wickets taken, bowling economy rate,
bowling avg, bowling strike rate.
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For Batsman : Yp = + 1Micon + 2Icon + 3Exicon + 4Age + 5OBtA
+ 6TBtStR + 7Cent + 8HCent
For Bowler :
Yp = + 1Micon + 2Icon + 3Exicon + 4Age + 5OER+ 6OBwStR + 7Wickets
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Variables DescriptionYp Final Bid Price of players in US$
Micon Dummy variable with value :
1 for four Icon players receiving final bid price exceeding1 million US$.0 for others.
The millionaire Icon players are: Youvraj Singh, Punjab; SouravGanguly, Kolkata; Rahul Dravid, Bangalore; and SachinTendulkar, Mumbai.
Icon Dummy variable with value :1 for the Icon player receiving less than a million US$ finalbid price.0 for others.
The player is Virender Sehwag, Delhi.Exicon Dummy variable with value :
1 for two Non-Icon players receiving final bid price ofmore than US$ 1 million.0 for others.
The millionaire non-Icon players are: Mahendra Singh Dhoniand Andrew Symonds.
Age Age of the player in completed years.OBtA ODI Batting Average.
TBtStR T20 Batting Strike RateCent Total number of Centuries
HCent Total number of Half CenturiesOBwStR ODI Bowling Strike Rate
OER ODI Economy RateWickets Total number of wickets taken
Description of Variables
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Variables Parameter EstimatesIntercept 431104
Micon 1 522610
Icon 2 327159
Exicon 3 1003000
Age 4 -11781
OBtA 5 -3413
TBtStR 6 3099
Cent 7 4676
HCent 8 725
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0
200000
400000
600000
800000
1000000
1200000
1400000
1600000
1800000
Actual Valuation
Predicted Valuation
The results appear to slightly underestimate the valuations to players that went for higher
prices, and similarly overestimate the valuations of players at lower levels. This may well reflect that a
player s valuation reflects not just variables (which we capture) but also marketing value and other intangible
benefits (which it is not possible to capture).
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