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Rediff.com  » Sports » IPL: Raina is paisa vasool

IPL: Raina is paisa vasool

By Srinivas Bhogle
May 06, 2009 15:01 IST
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The table below lists the 30 most successful players after 31 matches of the second season of the Indian Premier League.

Some players however cost much more to deliver the same sort of performance. Compare, for instance Jacques Kallis vs Abhishek Nayar. Both have an almost identical most valuable player index (MVPI) -- 197 vs 199 -- but Kallis costs nine times more!

Player Team From Runs Strike Rate W Eco M MVPI Money ($) PVI Age
Suresh Raina CSK IND 264 147.5 4 5.5 7 405 650000 895 22
M Hayden CSK AUS 289 161.5 0 -- 7 370 375000 564 37
Yusuf Pathan RR IND 181 161.6 4 6.6 7 307 475000 863 26
AB de Villiers DD SA 228 139.0 0 -- 7 306 300000 491 25
Brad Hodge KKR AUS 240 112.1 6 7.8 8 302 100000 208 34
Adam Gilchrist DC AUS 210 154.4 0 -- 7 294 700000 1193 37
Irfan Pathan KXI IND 134 122.9 10 7.6 8 283 925000 1869 24
Yuvraj Singh KXI IND 208 130.8 3 7.5 8 274 1063750 2216 27
RP Singh DC IND 8 57.1 13 6.7 7 234 875000 1874 23
Lasith Malinga MI SL 0 -- 11 4.8 6 226 350000 751 25
Sachin Tendulkar MI IND 209 124.4 0 7.8 6 223 1121250 2448 36
Anil Kumble BRC IND 8 66.7 10 5.8 8 208 500000 1375 38
Tillakaratne Dilshan DD SL 184 131.4 0 8.4 7 205 250000 611 32
Abhishek Nayar MI IND 102 143.7 4 5.9 6 199 100000 244 25
Jacques Kallis BRC SA 220 118.3 1 9.8 7 197 900000 2552 33
Chris Gayle KKR WI 171 119.6 1 7.6 7 196 800000 2280 29
Pragyan Ojha DC IND 1 20.0 10 5.8 7 195 30000 77 22
Jean-Paul Duminy MI SA 186 111.4 1 7.7 6 193 950000 2388 25
MS Dhoni CSK IND 165 125.0 0 -- 7 193 1500000 4341 27
MN van Wyk KKR SA 167 128.5 0 -- 4 192 50000 149
Dinesh Karthik DD IND 127 139.6 0 -- 7 190 525000 1383 23
Rohit Sharma DC IND 149 118.3 1 7.3 7 189 750000 1989 22
Dwayne Smith DC WI 151 175.6 0 10.3 6 189 100000 258 26
Shane Warne RR AUS 63 87.5 9 7.8 7 187 450000 1341 39
Sanath Jayasuriya MI SL 137 122.3 4 9.2 6 184 975000 2581 39
Dwayne Bravo MI WI 94 108.0 7 8.7 4 183 150000 327 25
Yusuf Abdulla KXI SA 0 -- 14 8.6 8 182 50000 157 26
Praveen Kumar BRC IND 44 133.3 8 7.1 7 182 300000 920 22
Ravindra Jadeja RR IND 168 108.4 1 6.5 7 181 30000 92 20
Rahul Dravid BRC IND 144 135.8 0 -- 5 179 1035000 3065 36

The best picks from this list would be players with a more modest price tag (US $100,000 to $400,000) who have delivered outstanding performances: Matthew Hayden, AB de Villiers, Brad Hodge, Lasith Malinga, Tillakaratne Dilshan, Abhishek Nayar, Pragyan Ojha, van Wyk, Dwayne Smith, Dwayne Bravo, Yusuf Abdulla and Ravindra Jadeja. [Some player prices cannot be confirmed]

All these players put together would cost approximately two million dollars -- much less than what Kevin Pietersen or Andrew Flintoff is earning!

The IPL pricing so far has been extremely irrational, and one expects franchise owners to correct this in subsequent years.

The table below shows how the 30 most expensive players are performing -- or have performed before leaving.

Player Team From Runs Strike Rate W Eco M MVPI Money ($) PVI Age
K Pietersen BRC ENG 93 109.4 4 6.5 6 160 1550000 4145 28
A Flintoff CSK ENG 62 117.0 2 9.5 3 81 1550000 4088 31
MS Dhoni CSK IND 165 125.0 0 -- 7 193 1500000 4341 27
Sachin Tendulkar MI IND 209 124.4 0 7.8 6 223 1121250 2448 36
Sourav Ganguly KKR IND 104 106.1 2 8.1 8 113 1092500 6104 36
Yuvraj Singh KXI IND 208 130.8 3 7.5 8 274 1063750 2216 27
Rahul Dravid BRC IND 144 135.8 0 -- 5 179 1035000 3065 36
Sanath Jayasuriya MI SL 137 122.3 4 9.2 6 184 975000 2581 39
Jean-Paul Duminy MI SA 186 111.4 1 7.7 6 193 950000 2388 25
Ishant Sharma KKR IND 16 123.1 9 6.8 8 176 950000 3388 20
Irfan Pathan KXI IND 134 122.9 10 7.6 8 283 925000 1869 24
Jacques Kallis BRC SA 220 118.3 1 9.8 7 197 900000 2552 33
RP Singh DC IND 8 57.1 13 6.7 7 234 875000 1874 23
Harbhajan Singh MI IND 54 180.0 3 6.2 6 144 850000 2867 28
Virender Sehwag DD IND 87 167.3 0 -- 5 117 833750 3374 30
Chris Gayle KKR WI 171 119.6 1 7.6 7 196 800000 2280 29
Robin Uthappa BRC IND 123 109.8 0 -- 7 141 800000 3172 23
Rohit Sharma DC IND 149 118.3 1 7.3 7 189 750000 1989 22
Gautam Gambhir DD IND 140 112.0 0 -- 7 132 725000 2751 27
Adam Gilchrist DC AUS 210 154.4 0 -- 7 294 700000 1193 37
K Sangakkara KXI SL 193 102.7 0 -- 8 167 700000 2395 31
B McCullum KKR NZ 85 83.3 0 -- 7 85 700000 5059 27
Jacob Oram CSK NZ 54 112.5 3 8.3 5 99 675000 3604 30
Manoj Tiwary DD IND 9 69.2 0 11.0 2 13 675000 21883 23
Suresh Raina CSK IND 264 147.5 4 5.5 7 405 650000 895 22
Albie Morkel CSK SA 45 132.4 7 8.0 6 148 650000 2392 27
Tyron Henderson RR SA 11 73.3 1 7.5 1 18 650000 16791 34
Daniel Vettori DD NZ 29 103.6 7 8.4 5 145 625000 2039 30
M Muralitharan CSK SL 3 60.0 7 5.5 6 166 600000 1965 37
Herschelle Gibbs DC SA 148 120.3 0 -- 7 178 575000 1617 35

A reasonable pricing rule could be: any player with a paisa vasool index (PVI) of over 2000 is overpriced, unless it is a Sachin Tendulkar or a Mahendra Singh Dhoni or a Virender Sehwag (who could be allowed a PVI of up to 3000); any established player with a PVI below 500 is underpriced, and the fairest price tag would be to pay an established player an amount that delivers a PVI between 1000 and 1500.

Srinivas Bhogle now works for TEOCO Software Pvt Ltd. This note is based on the detailed IPL1 analysis carried out by Purnendu Maji in 2008. The paisa vasool index uses a model developed by M J Manohar Rao and Rajeeva L Karandikar.

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Srinivas Bhogle

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