BCCI Committee of Administrators and IPL Governing Council worked out a renewed model for players associated with IPL franchisees. Both the parties met at New Delhi recently. Among several outcomes, resolutions on retention of players, salary cap and the right-to-match cup were the major ones. Now franchises will be able to retain maximum five of their current players. Retention of players should be done before 2018 auction. The salary cap of players for the upcoming season is fixed at INR 80 Crore or USD 12.4 million. Also, franchises can use the right-to-match cards during auction. Right to match card enables franchises to buy its players back by matching the highest price offered by other franchises after the bidding.
The retention rules of players are tweaked. Franchisees can retain a maximum of three players in the auction though direct bidding, while other three may be retained using the right-to-match cards. Additionally, only three Indian players, two overseas players, and two uncapped players can be retained. The cost of retention is being capped at INR 33 crore per the new regulations. This would leave INR 47 crore for the rest of the auction.
Compared to that of previous seasons, salary cap of players is being raised. From INR 66 crore fixed in earlier seasons, now the cap is raised to INR 80 crore. The roadmap for the next two seasons is also prepared, allowing to increase the cap by 2 in 2019. In 2020, it will be increased to INR 85 cr. Number of overseas players is made limited to eight, allowing each franchise to include 18 to 25 players. The base prices for uncapped players in being revised by 10 lakhs from the earlier slabs. Hence the minimum base price will be now INR 20, 30 and 40 lakhs. For capped players, the base price is increased by 20 lakhs. It will be INR 50 lakh now.
This season, the banned franchises Chennai Super Kings and Rajasthan Royals will come back to the tournament. They will be able to retain their players from 2015 teams. Meanwhile, Super Giant and Gujarat Lions, which were formed on temporary basis, will be dissembled. As hinted, the auction might be held between January 29 and February 3.
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