5 players can be retained

Indian Premiere League IPL

Indian Premiere League IPL

The IPL Governing Council and the Committee of Administrators (CoA) met in New Delhi on Wednesday to discuss IPL Player retention policy, salary cap, player regulations and other related issues.

For Chennai Super Kings and Rajasthan Royals, the franchises returning to the fold after their two-year suspensions, the GC announced that: "The player pool available for CSK and RR for retention/RTM will be the players' who played for them respectively in IPL 2015 and who were part of RPS and GL squads in IPL 2017".

Two new teams, Rising Pune Supergiant and Gujarat Lions squads were introduced to replace the suspended teams.

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

The salary cap for each team has been increased from Rs 66 crore to Rs 80 crore for the 2018 season, while Rs 82 crore and Rs 85 crore are allotted per side for the next two years. The IPL Governing Council has given teams options which could allow them to retain as many as five of their players.

If there is no retention before the player auction then franchises can choose three players through RTM.

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According to report by the Indian Express, one franchise was reportedly in favour of retaining as many as five players, while another proposed retention of one player per team.

As regards the capped players, the reserve prices at the lowest two levels have been increased from Rs 30 lak to 50 lakh and from 50 lak to 75 lakh.

He further said that the auction will be held in the last week of January or early February. However, in case it chooses to retain two players, Rs 21 crore will be deducted (Rs 12.5 crore and Rs 8.5 crore), while for retaining just one player, Rs 12.5 crore will be deducted from the auction purse.

In each IPL team squad, there must be a maximum of 25players and a minimum of 18 players (with eight overseas players). "We are happy with this".

Maximum number of 2 Uncapped Indian players. This is a departure from existing price tags, which saw the first retained player receive INR 12.5 crores with subsequent retainees costing the franchise 9.5, 7.5, 5.5 and 4 crores respectively.

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