Rs 40 crore prize money on offer in IPL playoffs

The winners of this year's Indian Premier League title would pocket Rs 15 crore while the losing finalists would take home Rs 10 crore, according to Cricket Board sources.

In addition to the top two finishers, the two teams that fail to progress to the Bangalore final from the playoffs would be richer by Rs 7.5 crore each.

The playoffs commence on May 27 with the first qualifier between the top two teams after the round robin phase scheduled at Kolkata with the winners straightaway reaching the June 1 summit clash.

The Eliminator between the third and fourth finishers on the league table is to be held at the Cricket Club of India's Brabourne Stadium here on May 28.

This would be followed by Qualifier 2 - between losers of Qualifier 1 and winners of Eliminator - at the Wankhede Stadium here on May 30.