IPL Players Cost Pay Prediction using Machine Learning Techniques

The Indian Premier League (IPL) is a popular Twenty20 cricket league known for its high-profile matches and lucrative contracts. The issue of pay versus performance in the IPL has been a subject of debate, with some people arguing that players are overpaid while others believe that the salaries are justified given the level of competition and revenue generated by the league. This research study aims to investigate the relationship between pay and performance in the IPL. A literature review on the history of pay versus performance in sports, pay structure in the IPL, and studies on pay versus performance in the IPL was conducted. Data was collected through secondary sources and analyzed using descriptive statistics and regression analysis. Results suggest a positive relationship between pay and performance in the IPL but with some variations among different teams. The findings have implications for IPL team management and provide directions for future research on pay versus performance in sports. Overall, this research work contributes to the ongoing debate on pay versus performance in the IPL and provides insights for stakeholders in the cricket industry.