The Lanka Chief Association (LPL) is a Twenty20 cricket contest in Sri Lanka. The Lanka Premier League (LPL) will hold its second championship in 2021. It was supposed to be Sri Lanka Cricket’s top Twenty20 league in the country. 2012 marked the start of its first season. The absence of sponsorship and organizational issues necessitated the cancellation of the 2013 and 2014 seasons. Due to restrictions imposed by the pandemic, the first season began on November 26, 2020, after being rescheduled numerous times.
The 2022 LPL is expected to take place in July and August of that year. The Jaffna Stallions, who won the inaugural season by defeating the Galle Gladiators by 53 runs in the final, currently hold the title. Competition Chief Ravin Wickramarathne said that they will be beginning to plan for their next competition perhaps in January, and expect to start the competition on 27 July and happen till 19 August with six groups.
They hope to modify some of the mandatory rules and introduce one Trinco team—a team from the eastern part of the country. They want to get two “A”-rated international icons onto each team.
The LPL is a competition that is contrasted and associations like IPL. The tournament brings in a substantial sum of money for the LPL. A sizable portion of the funds comes from gate receipts and television broadcasting rights. There are a few significant sponsors who also contribute monetary support. The official prize money list for the Lanka Premier League 2021 has not yet been released. The following is a list of prize money based on the LPL’s previous season:
LPL T20 2022 PRIZE MONEY DISTRIBUTION
| Stage | Amount |
| Champion | $ 100,000 |
| Runners-up | $ 50,000 |
| Player of the Final | $ 2,500 |
| Player of the Tournament | $ 10,000 |
| Emerging Player of LPL | $ 2,000 |
| Fairplay Award | $ 2,500 |
Along with the prized trophy, the victors will also receive a cash award of $100,000. The prize money for the runners-up is $50,000. Throughout the competition, many more individual prizes are granted. The winner of the competition will receive $10,000, and the finalist will receive $2500. The LPL’s Emerging Player award is worth $2,000, and the Fairplay award, which goes to a team, is worth $2,500.
| Lanka Premier League Prize Money 2021 (Reported) | |||
| Standings | Prize Money (LKR) | Prize Money (USD) | Teams |
| Champions | LKR 20 million | $100,000 | 1 |
| Runner-ups | LKR 10 million | $50,000 | 1 |
| Total Prize Money | $150,000 (only for winners and runner-ups) |
There are monetary prizes for the competitors’ players in addition to the LPL rewards. According to the latest information on LPL prize money, $150k was split between the two teams competing in the finals, with the winners receiving $100k and the losers receiving $50k.
Once the semi-finalists for the forthcoming 2021 season are announced, more information will be revealed. Players who take the most wickets will receive $10,000, top run scorers will receive $10,000, and the player of the tournament may receive $20,000.