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How's that?Winners and losers in the Indian cricket auctions
The Indian Premier League’s Twenty20 competition has taken the cricket world by storm. The players, auctioned to the business and media groups granted franchises by the IPL, are getting $50,000 to $1.5m for six weeks’ play. Our analysis suggests the process has resulted in both bargains and bonanzas: that (apart from the superstars) batsmen have done relatively poorly, while the youngest Indian cricketers have done exceptionally well; and that some of England’s cricketers may have earned six-figure sums had they participated.