IPL franchises will be authorized at Rs 90 Crore as salary purse, retention limit of 4 players

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The BCCI has set a salary cap of Rs 90 crore for 10 IPL franchises, including the two new entrants, for next season and has allowed a maximum of four retentions for the eight established teams. As PTI reported on Friday, the two new franchises – Lucknow and Ahmedabad – will have a choice of picking three players from the auction pool after the old teams announce their retention pick. “The BCCI had sent a letter to all franchises, updating them on the new rules that four retentions will cost a team Rs 42 crore while three retentions will result in a reduction of Rs 33 crore,” said a senior official at the IPL franchise at PTI.

“Two successful players will mean that Rs 24 crore is deducted while a single successful player means that you have to pay Rs 14 crore on the 90 crore purse,” he added.

He also informed that the amount of retention and the amount paid to the player are not always the same.

Suppose Delhi Capitals keeps Rishabh Pant as its ‘player 1’ out of four players maximum, then the purse deducted will be Rs 16 crore. But in reality, Pant’s actual salary is not a reflection of what is deducted from the stock market. It could be much less. I give just one example, “said the official.

In the event of four retentions, it could be either three Indians and one foreign player, or a maximum of two Indians and as many foreigners.

In the case of the two new franchises, when they are allowed to choose from the pool, they will have the right to choose two Indian players and one foreign player from the available pool.

In case of uncapped players, the old franchises will have two choices and the new ones will have one choice.

The letter said that Novemver’s entire month could be used for retention by eight old franchises, and then from December 1 to 25, Lucknow and Ahmedabad would have the option to pick their three players ahead of the auction in early January.

“The window for the eight existing teams to retain players will be from November 1, 2021 to November 30, 2021. Thereafter, the 2 new teams will have the window to retain players from December 1, 2021 to December 25, 2021”, the letter declared.

In the case of salary deductions per player, there are separate figures for four separate brackets. In the case of “slab 1” and four players selected – “player 1” will be valued at Rs 16 crore, “player 2 at Rs 12 crore,” player 3 at Rs 8 crore and “player 4 at Rs 6”. crore.

Therefore, the total purse deducted will be Rs 42 crore and this franchise will have Rs 48 crore to play in the big auction. In the case of “Slab 2”, “Player 1” is valued at Rs 15 crore, “Player 2” at Rs 11 crore and “Player 3” will have Rs 7 crore allocated to deductions.

Therefore, the total of Rs 33 crore will be deducted from the full purse and this particular franchise will have Rs 57 crore to bid at auction. For ‘Slab 3’, in which two retentions are possible, ‘Player 1’ is valued at Rs 14 crore and ‘Player 2’ at Rs 10 crore and a total of Rs 24 crore deducted from the purse.

Promoted

The franchise, which opts for two retentions, will enter the auction with Rs 66 crore. ‘Slab 4’ will only have one retention available for Rs 14 crore and Rs 76 crore available for purchase at auction.

However, in the event that an uncapped player is retained, the deduction will be Rs 4 crore. While franchises have a month to keep their player picks, here’s a look at the likely retentions of eight original franchises and the options available for Lucknow and Ahmedabad.

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