IPL franchises will spend Rs 480-640 crore on players next season

07 Décembre, 2017, 01:53 | Auteur: Adelaide Bullion
  • Indian Premier League

The meeting became even more important following the return of Chennai Super Kings (CSK) and Rajasthan Royals (RR) from suspension and exit of Rising Pune Supergiant and Gujarat Lions. CSK and RR have the allowance to retain players from among those who played for them in the 2015 season and it is nearly certain that Dhoni will be back in CSK colours in the next season.

However, Rising Pune Supergiants and Gujarat Lions will not feature in the 11th edition of the tournament.

The total purse of each team will range from Rs 66 to 80 crores. According to the new player retention policy, a franchise can retain upto five players using a combination of Player Retention (Pre-Player Auction) and Right to Match (RTM).

Following a meeting in New Delhi, the Governing Council allowed CSK and Rajasthan Royals (RR) to retain the players who were on their 2015 list. So, if a franchise does not to directly retain any player, it will be allowed a maximum of three RTMs at the auctions.

If a team does not wish to retain any player, it will still have the option of three Right to Match. The salary cap has also been increased for uncapped players.

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A franchise can secure a maximum of three capped Indian players and a maximum of two overseas players.

As per the report by the Indian Express, one franchise was reportedly on the side of retaining as many as five years, while another proposed retention of one player per team. If only one player is retained, then he will cost the franchise INR 12.5 crore from the salary cap. The caps for the two subsequent years have been fixed at Rs 82 crore and 85 crore respectively. Mumbai Indians will retain Rohit Sharma, Kieron Pollard, Jasprit Bumrah, and the Pandya brothers (Hardik and Krunal) and also Royal Challengers Bangalore retains Virat Kohli, AB de Villiers, and Chris Gayle but Shane Watson is not confirmed.

"The minimum spend will be 75 per cent of the salary cap for each season", BCCI Acting Secretary Amitabh Choudhary said in a statement after the meeting.

The minimum auction reserve price of uncapped players has also been raised with the upper limit increased to Rs 40 lakh from Rs 30 lakh.

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