It's still neither as entertaining or as competitive as the PL, the NBA or La Liga and doesn't garner the same international interest outside of Indians and ex-pat Indians.
^^^^^^^^ How to respond to a post with a totally irrelevant observation - Exhibit 'A'
Cricketers in terms of salary have been bottom feeders for the most part, and finally they are not only getting their due, but dominating all other leagues. Yet you completely miss the point. Why post nothing about what is being discussed in this thread - IPL being the second highest paid league in the World?
So if you must respond, at least try posting something relevant to what is being discussed here. Having said that I guess I would be guilty of the same thing if I respond to your post and then don't address the two largely negative issues you have raised. - 1) International Popularity of IPL 2) Competitiveness of the IPL. How you can fit negativity into a thread about cricketers finally earning on par with the best of the best across all boards quite frankly amazes me. Anyway -
1) With regard to "International Popularity" of IPL, the IPL is handicapped by the fact that its a Cricket based league, and needless to say Cricket is not and has never been the most "Internationally Popular" of sports. Even with this handicap, that it can generate enough revenue to beat leagues in sports that are much more popular and thus have a much much wider consumer base to sell the league to, is very commendable of the IPL, and something most definitely in '+' category for IPL. Also NBA and PL and La Liga have been around for decades and have had a gigantic head start on the IPL, which is just 7 years old, with regard to spreading its market base and expanding out to new viewers. So that it in such a short period the IPL is competing with the NBA, beating the PL financially and blowing the La Liga out of the water in terms of finances is again something extremely commendable and most definitely a plus. More than anything else, that any Cricket league can financially blow the top football leagues out of the water, football leagues, the most global of all sports, is again something to be appreciated by cricket fans. Why you don't see the positives and choose to harp on irrelevant issues instead is something I don't understand.
2) a. Now the second issue you raised - Competitiveness. With regard to La Liga, the less said about competitiveness the better. There have been two sides who have traditionally won La Liga and that is how it will remain. There are a few 'jokers' thrown in from time to time in this mix, like Atl Madrid won it last year, and sometimes the likes of Deportivo and Valencia have won it from time to time. However for the most part, everyone knows before the season even starts where the title is going. So thats 2 teams and a third thrown into the mix every now and then. Thats 3 out of 20 sides ever going for the title in any given season. Thats 15% of the league. You really think that is competitive?
With regard to the PL, one could say the same thing. Since the start of the PL era in '92, only 5 teams have ever won the title, and every year no more than 3 to 4 sides realistically compete for the title. A few aim to be 4th and sneak into the CL, but never really going for the title. So thats 4 out of 20 sides going for the title and 5 at the most. Even with the higher number 5 out of 20, its just 25% of the league.
NBA is about the same story. Usually 3 sides on each conference compete, the rest aim to sneak into the playoffs, and even then the gulf between 1 and 8 is so huge, that its not even funny. 6 out of 30 sides, 20% of the league.
In the IPL which has featured 8 sides on an average, all 8 sides are evenly matched, with an equal number of International stars at their disposal, and all 8, or at the very least 7 very very evenly matched sides start the competition, and no one can tell which of them will finish at the top. 7/8 = 87%.
Additionally, In just 7 years IPL has had 5 different winners, the same as IPL in over the last 20 years, and La Liga in nearly the past 30 years nearly.
2) b. Despite whatever reservations I may have about T20 cricket in general, there is no denying that IPL has the biggest collection of global cricket stars, on display of any such league of its kind. Every truly global international cricket star around or recently retired has played in the IPL, or has tried to be associated with the IPL. Apart from the Indian players, Warne, Clarke, Ponting, Hayden, Gilchrist, Hussey, Kallis, Steyn, ABD, Sangakarra, Malinga, Boucher, Ryder, McCullum, Pietersen, and many many more have played in the IPL. Thus in terms of International superstars on display IPL far outshines any other league of its kind. So that alone makes it the most competitive cricket league of its kind.