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Saturday, April 25, 2009

PAISA VASOOL IPL

After IPL2's first 10 matches, the numbers still have an unsettled look about them. Blame it on the rain, and IPL2's awkward schedule: Mumbai Indians [Images] have completed only one match, while Bangalore Royal Challengers [Images] are getting ready to play their fourth match!

Rookie Indians still offer the best value

As with IPL1, young Indian cricketers -- offered money ranging between $30,000 - $50,000; it is very hard to find exact prices paid to non-auctioned players -- still provide the best value for money (PVI).

PlayerTeamFromRunsStrike RateWEcoMMVPIMoney offered ($)PVIAge
Pragyan Ojha [Images] DCIND0--35.1264300006722
L Balaji [Images] CSKIND0--55.8290300006727
Pradeep Sangwan DDIND0--37.8251300008518
Kamran Khan RRIND360.035.6270300008618
Karan Goel [Images] KXIIND38135.70--2413000010522
M Gony CSKIND6300.049.23553000011725
A S RautRRIND21161.50--13030000187
Yashpal SinghKKRIND20111.10--23030000203
Harmeet Singh DCIND0--18.42203000022021
Anureet Singh KKRIND0--28.81253000022321
Mahesh Rawat RRIND457.10--2273000022424
D Mascarenhas [Images] RRENG2793.146.128910000022531
Ashok Dinda [Images] KKRIND2100.028.32263000023125
Ravindra Jadeja [Images] RRIND3391.707.02263000023520
Abhishek Nayar [Images] MIIND35250.00--15310000024525
Scott Styris DCNZ14175.058.028917500028133
AB de Villiers [Images] DDSA105194.40--215130000028525
Shikhar Dhawan [Images] MIIND22104.80--1184000029023
D Ravi Teja [Images] DCIND8160.00--2143000031221
Laxmi Shukla [Images] KKRIND21110.5011.03193000034328
M Hayden CSKAUS166171.10--322337500036137
Ajantha Mendis [Images] KKRSL0--24.814110000045324
Tillakaratne Dilshan [Images] DDSL50185.20--27425000048132
Jesse Ryder [Images] BRCNZ00.036.125516000058424
Praveen Kumar BRCIND22115.857.4310130000063822
Fidel Edwards [Images] DCWI3150.015.623415000064027
Vinay Kumar BRCIND13162.509.3293000066725
Dwayne Bravo [Images] MIWI5125.016.812715000071425
Venugopal Rao DCIND969.20--263000074527
Lasith Malinga [Images] MISL0--33.816035000075025
Virat Kohli [Images] BRCIND64120.809.038430000076820
Yo Mahesh DDIND0--112.5153000077121
Adam Gilchrist [Images] DCAUS84150.00--212670000079737
Dirk Nannes DDAUS0--08.02127000083333

The real surprise in this list is to find a handful of big names like Scott Styris, A B de Villiers, Matthew Hayden [Images], Dwayne Bravo, Lasith Malinga and Adam Gilchrist � earning 5 to 20 times more than young Indian players and still having a PVI below 1000. This constitutes exceptional performance.

'Expensive' players seldom have a PVI below 2000

Expensive players -- with prices over $700,000 -- usually find it very difficult to have a paisa vasool index (PVI) above 2000. The table below lists the PVI of the 30 most expensive players.

PlayerTeamFromRunsStrike RateWEcoMMVPIMoney offered ($)PVIAge
Pragyan Ojha DCIND0--35.1264300006722
L Balaji CSKIND0--55.8290300006727
Pradeep Sangwan DDIND0--37.8251300008518
Kamran Khan RRIND360.035.6270300008618
Karan Goel KXIIND38135.70--2413000010522
M Gony CSKIND6300.049.23553000011725
A S RautRRIND21161.50--13030000187
Yashpal SinghKKRIND20111.10--23030000203
Harmeet Singh DCIND0--18.42203000022021
Anureet Singh KKRIND0--28.81253000022321
Mahesh Rawat RRIND457.10--2273000022424
D Mascarenhas RRENG2793.146.128910000022531
Ashok Dinda KKRIND2100.028.32263000023125
Ravindra Jadeja RRIND3391.707.02263000023520
Abhishek Nayar MIIND35250.00--15310000024525
Scott Styris DCNZ14175.058.028917500028133
AB de Villiers DDSA105194.40--215130000028525
Shikhar Dhawan MIIND22104.80--1184000029023
D Ravi Teja DCIND8160.00--2143000031221
Laxmi Shukla KKRIND21110.5011.03193000034328
M Hayden CSKAUS166171.10--322337500036137
Ajantha Mendis KKRSL0--24.814110000045324
Tillakaratne Dilshan DDSL50185.20--27425000048132
Jesse Ryder BRCNZ00.036.125516000058424
Praveen Kumar BRCIND22115.857.4310130000063822
Fidel Edwards DCWI3150.015.623415000064027
Vinay Kumar BRCIND13162.509.3293000066725
Dwayne Bravo MIWI5125.016.812715000071425
Venugopal Rao DCIND969.20--263000074527
Lasith Malinga MISL0--33.816035000075025
Virat Kohli BRCIND64120.809.038430000076820
Yo Mahesh DDIND0--112.5153000077121
Adam Gilchrist DCAUS84150.00--212670000079737
Dirk Nannes DDAUS0--08.02127000083333

Only 8 of these 30 players currently have a PVI below 2000: Rahul Dravid [Images], R P Singh, Virender Sehwag [Images], Chris Gayle [Images], Rohit Sharma [Images], Adam Gilchrist, Suresh Raina [Images] and Daniel Vettori [Images]. These players offers exceptional value for money.

On the other hand, Jean-Paul Duminy [Images], Jacques Kallis [Images], Gautam Gambhir [Images], Manoj Tewari and Tyron Henderson -- with a PVI of over 5000 -- have a bit of work to do to justify their high price tag.

Quality matters

After playing his first IPL2 match, Rahul Dravid said that one needs to play real cricketing shots to succeed this time: You can't just "tee off" like you do on bland Indian pitches.

What Dravid said about batting is equally true about bowling. The most valuable players in IPL2 so far have, in many cases, also been among the most gifted.

The table below lists the 20 most valuable players after the first 10 IPL2 matches. This is based on Rediff.com's most valuable player index (MVPI).

PlayerTeamFromRunsStrike RateWEcoMMVPIPVIAge
M Hayden CSKAUS166171.10--322336137
Rahul Dravid BRCIND134144.10--3171129936
AB de Villiers DDSA105194.40--215128525
Adam Gilchrist DCAUS84150.00--212679737
Chris Gayle KKRWI95133.808.03110155529
RP Singh DCIND0--65.12109115223
Praveen Kumar BRCIND22115.857.4310163822
Daniel Vettori DDNZ0--56.329990630
Anil Kumble [Images] BRCIND233.356.3393114938
Rohit Sharma DCIND52173.30--290119722
L Balaji CSKIND0--55.82906727
Scott Styris DCNZ14175.058.028928133
D Mascarenhas RRENG2793.146.128922531
K PietersenBRCENG4393.536.4385390828
Suresh Raina CSKIND77118.50--384165322
Virat Kohli BRCIND64120.809.038476820
A Flintoff CSKENG62117.029.5381408831
Shane Warne [Images]RRAUS545.545.4277116539
Sourav Ganguly [Images] KKRIND47111.926.9377306036

This list is slightly misleading because only players who have played more matches (M) tend to show up. But at least 10 of the 20 players here are cricketing greats of their generation. This list would almost certainly have included Sachin Tendulkar [Images] and Sanath Jayasuriya [Images] too if Mumbai Indians had played their second match.

Almost half the top players are aged over 30 � and therefore started their cricketing career well before the appearance of Twenty20 [Images] cricket. But they are still on the list because of their impeccable pedigree.

Strike rates tell a story

In Twenty20 cricket, par strike rates tend to be well over 120 runs in 100 balls, and the best batsmen often have strike rates of over 150. The table below lists IPL2 players with the best strike rates. Only players who have aggregated more than 35 runs are included in the list.

PlayerTeamFromRunsStrike RateMMVPIMoney offered ($)PVIAge
Abhishek Nayar MIIND35250.015310000024525
AB de Villiers DDSA105194.4215130000028525
Tillakaratne Dilshan DDSL50185.227425000048132
Virender SehwagDDIND44176.0264833750185430
Rohit Sharma DCIND52173.3290750000119722
M Hayden CSKAUS166171.1322337500036137
Irfan Pathan [Images] KXIIND38158.3240925000330424
Yusuf Pathan [Images] RRIND53151.4263475000150226
Adam Gilchrist DCAUS84150.0212670000079737
M Jayawardene KXISL37148.0243475000158731
Rahul Dravid BRCIND134144.131711035000129936
Yuvraj Singh [Images]KXIIND54138.52591063750256527
Karan Goel KXIIND38135.72413000010522
Chris Gayle KKRWI95133.83110800000155529
MS Dhoni [Images] CSKIND57121.33751500000430027
Virat Kohli BRCIND64120.838430000076820
Sachin TendulkarMIIND59120.41611121250237336
Ravi Bopara [Images] KXIENG37119.4237450000174924
Suresh Raina CSKIND77118.5384650000165322
Jacques Kallis BRCSA39118.2220900000911433
A Flintoff CSKENG62117.03811550000408831
Sourav Ganguly KKRIND47111.93771092500306036

The strike rate table points to something rather interesting: batsmen who score rapidly usually offer significantly better value for money. Among batsmen with a strike rate exceeding 130, only Irfan Pathan and Yuvraj Singh have a PVI above 2000. So, other things being equal, the franchise owner should pick the big hitter.

In fact he can do even better. A detailed regression model fitted last year by clever young students from Indian Statistical Institute, Kolkata, indicated that a batsman with the highest product of (strike rate * average score) offered the best value for money.

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