The Board of Control for Cricket in India (BCCI) secretary Jay Shah on Saturday announced a massive increase in match fees for the players in the Indian Premier League (IPL).

Every cricketer in the IPL will now get ₹7.5 lakh per match and can earn up to ₹1.05 crore if he plays all the league matches in a season. This will be in addition to their contracted amount.

The BCCI has asked the franchises to allocate ₹12.06 crore as match fees for the entire IPL season, starting next year.

"In a historic move to celebrate consistency and champion outstanding performances in the #IPL, we are thrilled to introduce a match fee of INR 7.5 lakhs per game for our cricketers! A cricketer playing all league matches in a season will get Rs. 1.05 crores in addition to his contracted amount.

"Each franchise will allocate INR 12.60 crores as match fees for the season! This is a new era for the #IPL and our players!" Shah tweeted.