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Rediff.com  » Cricket » Who are the paisa vasool players in IPL-4?

Who are the paisa vasool players in IPL-4?

April 19, 2011 08:54 IST

Purnendu Maji and Srinivas Bhogle attempt to find out who's offering good value for money in the IPL and who's not.

The intensity and tension of ODI World Cup cricket has been quickly replaced by the glitz and glamour of T20 IPL cricket.

The challenge of winning the World Cup for your country has been replaced by the drama of winning matches for your IPL team (to be sure, there is also an IPL cup to be won, but this cup is so hideously ugly that holding its original, or replica, is unlikely to send the spirits soaring).

- IPL-4 2011 coverage

Plainly put, it's all about money. It's about confirming what Mehmood sang back in 1976: The whole thing is that ke bhaiya, subse bada rupaiya.

We have players like Gautam Gambhir being paid $2,400,000 at the top end; and players like Paul Valthaty being probably paid a mere $44,000.

With so much money floating around, questions will inevitably be asked: who's offering good value for money or who's not? Who is paisa vasool, and who appears to be namak haraam?

To be fair, it is not easy to answer such questions. How do you compare bowlers and batsmen? How do you account for the lack of opportunity? What can the poor player do if he is condemned to warm the bench?

One way to provide reasonable answers to such questions is to look at the most valuable player index (MVPI). MVPI expresses every cricketer's batting, bowling and fielding performance in terms of a 'run equivalent'.

The key step is to agree on an average par score. For IPL4 we are assuming that this average score is 160. This assumption leads to the following spin-offs: (a) each wicket is worth 16 runs; (b) a batsman is expected to score 8 runs in every 6 balls he faces, i.e. bat at a par strike rate of 133; and (c) a bowler is expected to concede an average of 8 runs per over, i.e. concede an average of 32 runs if he bowls his full 4 overs.

We further assume (somewhat arbitrarily) that each catch earns the fielder 4 'runs'. If the fielder effects a direct hit run-out he gets 16 'runs'; if more than one fielder participates in the run out, the 16 'runs' are equitably shared.

The rest is easy. If Virender Sehwag scores 40 in 24 balls, his contribution is considered equivalent to 40 + 8 (bonus) = 48 'runs'; because he actually scored 40 runs, but scored them in only 24 balls instead of the average of 32 balls … thus obtaining a bonus of 32-24=8 'runs'. And if Dale Steyn has figures of 4-0-40-3, it is as if he has scored 48 – 8 (penalty) = 40 'runs', because his 3 wickets equal 16*3=48 'runs' but he has conceded 40 runs instead of the expected 32 runs … thus ending up with a penalty of 8 'runs'.

The beauty of the MVPI formulation is that it collapses a player's all-round performance into a single statistic: 'runs'. So a player is essentially paid to score 'runs'. If we divide the total money paid to a player by the total number of 'runs' he scores, we obtain an estimate of how much the franchise owner pays the player for every 'run' scored. We can this paisa vasool (or player value) index, or simply PVI.

It is clear that the lower the PVI, the more value the player is contributing. After all the franchise owner would rather pay $50 for every 'run' scored instead of $5000!

Now that we are done with the hard explaining, let's look at some real calculations based on IPL4 performance.

The table below shows the 50 most valuable players so far together with estimates of their PVI. It is often hard to list the exact amount of money paid to players who did not come in via the public auction, and some of our estimates may be off the mark. At the moment we aren't even sure what is Ryan McLaren's price!

We also know that the estimates of the money offered to players 'retained' by the franchise, and so kept out of the auction, are almost surely wrong. For instance, Sachin Tendulkar and M S Dhoni are surely paid more than $1.8 million; Suresh Raina too is certainly being paid more than $1.3 million. But we will use the 'official' figures.

Table: MVPI and PVI rankings as on 18.4.2011 (after 17 matches).

 

Player Name

Team

From

Runs

Strike Rate

Bat Pts

W

Eco

Bowl Pts

M

MVPI

Money Offered

(US $)

PVI ($ per run)

1

Paul Valthaty

KXI

IND

201

173.3

247.3

4

7.3

67

3

318

44000

30

2

Jacques Kallis

KKR

SA

187

121.4

168.7

2

9.3

23

4

212

1100000

1485

3

Jesse Ryder

PWS

NZ

108

200.0

144.0

3

6.1

63.67

3

212

150000

152

4

Sachin Tendulkar

MI

IND

201

124.1

186.0

0

--

0

3

202

1800000

1909

5

Yuvraj Singh

PWS

IND

95

161.0

111.3

4

8.2

63

3

190

1800000

2027

6

Ravindra Jadeja

KTK

IND

95

158.3

110.0

2

7.1

43

3

165

950000

1234

7

AB de Villiers

BRC

SA

157

123.6

144.7

0

--

0

4

157

1100000

2006

8

Lasith Malinga

MI

SL

0

--

0.0

9

7.5

150.3

3

154

500000

694

9

Virat Kohli

BRC

IND

141

121.6

127.3

1

7.4

20

4

151

1800000

3398

10

Gautam Gambhir

KKR

IND

140

141.4

148.0

0

--

0

4

148

2400000

4633

11

MS Dhoni

CSK

IND

94

164.9

112.0

0

--

0

3

144

1800000

2679

12

Ambati Rayudu

MI

IND

130

132.7

129.3

0

--

0

3

133

66000

106

13

Dale Steyn

DC

SA

21

105.0

15.3

6

6.6

117

4

132

1200000

2591

14

Brendon McCullum

KTK

NZ

126

135.5

128.0

0

--

0

3

132

475000

771

15

Murali Vijay

CSK

IND

109

160.3

127.3

0

--

0

3

131

900000

1468

16

Johan Botha

RR

SA

118

129.7

114.7

0

8.0

0

3

131

950000

2077

17

Bharat Chipli

DC

IND

129

134.4

130.0

0

--

0

4

130

66000

145

18

Shane Warne

RR

AUS

3

50.0

-2.0

5

5.2

125

4

127

1800000

4049

19

Robin Uthappa

PWS

IND

57

154.1

64.7

0

--

0

3

121

2100000

3729

20

Iqbal Abdulla

KKR

IND

3

100.0

2.0

5

6.3

102

4

120

30000

71

21

Daniel Christian

DC

AUS

81

172.3

99.3

1

8.1

15.33

4

119

900000

2167

22

Yusuf Pathan

KKR

IND

33

122.2

30.0

4

6.1

81

4

115

2100000

5217

23

Venugopal Rao

DD

IND

117

137.6

120.7

0

14.0

-6

3

115

700000

1308

24

Amit Mishra

DC

IND

14

175.0

17.3

5

7.3

92

4

113

300000

756

25

David Warner

DD

AUS

101

134.7

102.0

0

--

0

3

110

750000

1461

26

Kumar Sangakkara

DC

SL

87

122.5

79.3

0

--

0

4

103

700000

1935

27

Brad Hodge

KTK

AUS

77

120.3

68.7

2

7.0

34

3

103

425000

887

28

Manoj Tiwary

KKR

IND

87

140.3

91.3

0

--

0

4

91

475000

1486

29

Michael Hussey

CSK

AUS

83

148.2

91.3

0

--

0

1

91

425000

997

30

Ryan McLaren

KXI

SA

51

118.6

44.7

3

9.0

38

3

91

 

0

31

Adam Gilchrist

KXI

AUS

81

126.6

76.7

0

--

0

3

89

900000

2175

32

Shikhar Dhawan

DC

IND

87

129.9

84.7

0

--

0

4

89

300000

967

33

Ross Taylor

RR

NZ

80

137.9

82.7

0

--

0

4

87

1000000

3297

34

Shakib Al Hasan

KKR

BAN

0

--

0.0

4

6.5

76

2

84

425000

723

35

Suraj Randiv

CSK

SL

0

--

0.0

4

7.4

71

3

83

80000

207

36

M Jayawardene

KTK

SL

76

133.3

76.0

0

--

0

3

80

1500000

4018

37

Zaheer Khan

BRC

IND

0

0.0

-4.0

5

8.1

79

4

79

900000

3255

38

Wayne Parnell

PWS

SA

11

78.6

3.3

4

8.1

63

3

78

160000

438

39

Suresh Raina

CSK

IND

62

134.8

62.7

1

8.3

15

3

78

1300000

3587

40

Rahul Dravid

RR

IND

101

101.0

68.7

0

--

0

3

77

500000

1863

41

Virender Sehwag

DD

IND

60

146.3

65.3

0

--

0

3

73

1800000

5260

42

Srikkanth Anirudha

CSK

IND

64

114.3

53.3

0

--

0

3

73

30000

88

43

Siddharth Trivedi

RR

IND

0

0.0

-2.7

4

7.2

75

4

72

30000

118

44

Ashok Menaria

RR

IND

70

132.1

69.3

0

8.7

-2

4

71

22000

88

45

Rahul Sharma

PWS

IND

10

111.1

8.0

2

5.9

53

3

69

22000

68

46

S Badrinath

CSK

IND

71

120.3

63.3

0

--

0

3

67

850000

2705

47

Amit Singh

RR

IND

0

0.0

-2.7

4

7.5

70

4

67

22000

93

48

L Balaji

KKR

IND

0

--

0.0

3

6.8

66

4

66

500000

2165

49

Daniel Vettori

BRC

NZ

5

62.5

-0.7

1

5.4

57

4

60

550000

2605

50

Shrikant Wagh

PWS

IND

0

--

0.0

3

8.0

48

3

60

44000

157

 

The table contains a few pointers and many surprises. Paul Valthaty has been a big steal for Kings XI Punjab costing just $30 per run. In comparison Ross Taylor costs over 100 times more at $3297 per run.

Among the big money buys Jacques Kallis (1485), Brendon McCullum (771), Lasith Malinga (694), Brad Hodge (887) and Shakib al Hasan (723) are providing good value. Ravindra Jadeja (1234) too is providing value, although he seems to be unpopular for some curious reason.

Jesse Ryder (152) is wonderful value given that he bats explosively and bowls reasonably well.

The disappointments so far have been Yusuf Pathan (5217) , Virender Sehwag (5260) and M Jayawardene (4018). Gautam Gambhir (4633) has done very well but still has a high PVI because he is so highly priced.

And while it is still early days, the following players (not listed in the table above) currently have unbelievably high PVI values: Irfan Pathan (12723), R P Singh (12363), Dinesh Karthik (9040), Saurabh Tiwary (7882) and Harbhajan Singh (6056) … in most cases because they haven't got enough playing opportunities.

Purnendu Maji and Srinivas Bhogle