The IPL was initially supposed to be played every two years, but it was changed to an annual event due to its massive popularity.
The Mumbai Indians have won the IPL five times, making them the most successful team in the league.
The IPL has a salary cap of 85 crores (approximately $11 million), which includes the cost of the players' salaries and other expenses.
The Chennai Super Kings were suspended for two years (2016 and 2017) due to a spot-fixing scandal involving their team owner.
The first IPL match was played on April 18, 2008, between the Kolkata Knight Riders and the Royal Challengers Bangalore.
The IPL has had several high-profile players, including Sachin Tendulkar, Virat Kohli, and AB de Villiers.
The IPL has had several international captains, including Australia's Ricky Ponting, England's Eoin Morgan, and South Africa's Faf du Plessis.
The IPL has been the subject of several controversies, including allegations of spot-fixing and conflicts of interest involving team owners.
The IPL has introduced several innovations in cricket, including the use of strategic time-outs and the Decision Review System (DRS).