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

Arnold Nichols
December 7, 2017

The Governing Council meeting was attended by the members of the Supreme Court-appointed Committee of Administrators (CoA).

While the teams that took part in the 2017 edition can retain players from squad that was submitted ahead of the 2017 season, Rajasthan Royals and Chennai Super Kings, who are coming back from a two-year suspension, won't have the luxury of retaining players from last year.

In October this year, the IPL governing council floated a proposal, stating that CSK and RR can retain players who moved to Rising Pune Supergiant and Gujarat Lions for two years following a draft.

However, Rising Pune Supergiants and Gujarat Lions will not feature in the 11th edition of the tournament. The franchises are now allowed to spend up to Rs 80 crore in 2018, compared to Rs 66 crore in 2017. Recently, the IPL Governing Council announced the various rules regarding the player retention policies for the upcoming auctions.

An IPL franchise is eligible to secure up to five players by virtue of a combination of Player Retention (Pre Player Auction) and Right to Match (RTM) (During the Player Auction).

In terms of squad size, the previous squad limit of 27 has been reduced to a maximum of 25 players, up to eight overseas, and a minimum of 18 players.

A maximum of either three retentions or three RTMs at the discretion of the franchises. Irrespective of player retention or RTM, a franchise can have a maximum of three capped Indian players, a maximum of two foreign players and a maximum of two uncapped Indian players.

Options are available. Teams could opt for two retentions and three Right to Match or three retentions and two Right to Match.

In the subsequent years, the franchises will be allowed to shell out Rs 82 crore (in 2019) and Rs 85 crore (in 2020). If only one player is retained, then he will cost the franchise INR 12.5 crore from the salary cap.

Top players such as Virat Kohli, who turned up for Royal Challengers Bangalore till this season, will most likely come in the Rs 15 crore bracket as they will be the most sought after by their old teams. Rajasthan Royals wanted everyone to go back to the auction pool, the report said.

Considering the player auction will be a big one, the IPL has increased the salary cap significantly.

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