Boards wait for news on IPL auction profits

Justin Vaughan, New Zealand Cricket's chief executive, has not heard of any Indian Premier League (IPL) plans to share its profits with the countries that have provided players for the tournament. Rajeev Shukla, an Indian board vice-president, has said money from Wednesday's auction will be handed to the national boards, but Vaughan said the matter of compensation had not been raised with IPL officials.

"It is important to note that we have not seen any proposal to suggest that," Vaughan told the Australian. "It is obvious that Indian cricket has benefited hugely out of the franchises and will continue to drive profits out of the tournament. But as far as I'm aware, there have been no indications that will be shared amongst any of the other members."

Shukla has said some of the profits from the event in Mumbai on Wednesday could be redirected. "The sharing of the money fetched from the auction of the eight franchises is an internal arrangement between the various boards and it will be decided soon," he said.

New Zealand has been badly hit by players leaving for the Indian Cricket League, which is not sanctioned by the ICC, and any bonus payments could increase the size of the board's contracts and help keep the talent at home. "It is important to note that with New Zealand cricket to a lesser degree, but significantly West Indies cricket, this IPL tournament is up against their international playing calendar," Vaughan said.

"If the IPL was happening in February and March I don't know where NZ cricket would be. We're not terribly affected, but the West Indies are and to a small degree England are."

Shane Bond has cut his ties with the country to appear in the ICL along with Chris Cairns, Chris Harris, Hamish Marshall, Nathan Astle, Craig McMillan, Daryl Tuffey and Andre Adams. "We've taken a hit," Vaughan said. "Countries like New Zealand can't afford to lose Shane Bond, but, having said that, the recent series against England has shown that we're competitive."