Tuesday, December 16, 2014

RCB Salary structure from a numerical view

During last season they have spent their entire pocket of ₹ 60 crores to buy 21 player
The average salary for each player is ₹ 2,85,71,429
There is huge salary disparity among the 21 player, as the median is ₹ 90,00,000 with a standard deviation of  ₹ 4,19,07,576

75% of the team i.e., 16 among 21 players draw salary less than ₹ 2,40,00,000 which is less than the average salary





Now that they have released Yuvraj Singh, Muttiah Muralitharan, Albie Morkel, Ravi Rampaul, Sachin Rana, Shadab Jakati, Tanmay Mishra, they have ₹  18,80,00,000 remaining in their kitty
Currently they have spent of ₹ 41 crores to buy 14 player
The average salary for each player is ₹ 2,94,28,571
There is still huge salary disparity among these 14 player, as the median is ₹ 95,00,000 with a standard deviation of  ₹ 3,92,18,644
71% of the team i.e., 10 among 14 players draw salary less than ₹  2,69,00,000 which is less than the average salary. The rest 4 players earn an average salary of ₹ 8,62,50,000




Now with their remaining pockets and considering their average spending, it can be expected that they will buy 6 more players during the next auction.




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