Sri Lanka sets $3 mn floor price for T20 league franchises

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The cash-strapped Sri Lanka Cricket board (SLC) has set a floor price of $3 million for the T20 league franchises, a paltry amount compared to the IPL. When IPL launched in 2008, it had fixed a minimum price of $50 million, which later zoomed to $225 million when two teams were added in 2010.

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