Tag Archives: IPL Retention

Old 8 franchises can retain maximum of 4 players, confirms BCCI

The Board of Control for Cricket in India (BCCI) has confirmed that the eight former Indian Premier League (IPL) franchises can retain a maximum of four players while the two new teams – Ahmedabad and Lucknow – will be allowed to acquire three players outside of the auction, which will be held before the 2022 season.

“The 8 existing team will first get the opportunity to retain a maximum of 4 Players and thereafter the 2 new teams will be able to retain a maximum of 3 players before the auction,” the BCCI said in a mail to the franchises on Saturday afternoon.

Meanwhile, the Indian board also announced that the salary cap for the 2022 edition will be Rs. 90 crore for all the teams.

“The window for the 8 existing teams to retain the players will be from the 1st November 2021 to 30th November 2021. Thereafter the 2 new teams will have the window to retain the players starting from 1st December 2021 to 25th December 2021,” it added.

The BCCI also clarified that the old eight franchises cannot retain more than three Indians (capped/uncapped) players and also limited the number of overseas players in the retention list to two. The BCCI announced that a franchise cannot have more than two uncapped players.

On the other hand for the two new franchise, two Indians can be picked outside the auction while number of overseas players will only be one. Also, the new teams can select only one uncapped player before the mega auction.

The BCCI has also said that there will no Right to Match (RTM) cards in the upcoming auction.

Moreover, the board has also cleared as to how much funds will be deducted from the salary cap of the franchise as per their choices of retentions. Notably, if a team retains four players, Rs 42 crore will be deducted from the player purse while three retentions will lead to a deduction of Rs 33 crores.

For two retentions, the reduction will be Rs 24 crore while for one player, the reduction will be Rs 14 crore from its purse while each uncapped player retained will cost Rs 4 crore each.

Earlier on October 25, the BCCI had confirmed that the Sanjeev Goenka-owned RPSG group and international investment firm – CVC Capital – have bagged the ownership rights of the two new franchises of the IPL.

While the RPSG Ventures Ltd. had acquired the Lucknow team for Rs 7090 crores, Irelia Company Pte Ltd. (CVC Capital bagged the Ahmedabad franchise for rs 5625 crores.

The new franchises will participate in IPL from 2022 season onwards subject to the bidders completing the post-bid formalities as specified in the ITT document. The IPL 2022 season will comprise ten teams and will have 74 matches, wherein each team will play 7 home and 7 away matches.

Now after acquiring the teams, both the parties will need to pay the entire amount over a period of 10 years.

These new franchises – Ahmedabad and Lucknow – will now be a part of the 15th edition of the lucrative league, taking the total number of teams to 10 from eight.

The next edition of IPL is likley to be staged in the March-April window and a mega auction for it will most probably be held in December this year or January, 2022.

Franchises will be allowed to retain 4 players in IPL 2022 auction: Report

The mega auction for the 15th edition of the Indian Premier League (IPL) is expected to take place either in December this year or January, 2022 and with two new all set to be added to the league’s roster, the main issue has been the number of players a franchise can retain ahead of the auction.

According to a report in Cricbuzz, discussions on the issue took place between the Board of Control for Cricket in India (BCCI) and the franchise owners following which it was decided that a franchise can retain up to three Indian players and two overseas players with the overall count for retained players not crossing four.

“A team is set to be allowed to keep up to three Indian and two foreign players with the total number of retentions not exceeding four. There may also be a cap on retaining uncapped players – a team will not be allowed more than two,” the report stated.

“It is learnt that the player purse will be INR 90 crore, and in the subsequent two years, there will be an incremental hike and the purse will go up to INR 95 crore and INR 100 crore. If a franchisee chooses to retain four players, it will have to spend around 40-45 percent of its purse, leaving it INR 36-40 crore lesser than the franchise that doesn’t opt to retain any player,” it added.

The report further said that an official announcement on the retention rules will be done as soon as the two new franchises are finalised.

Notably, the sale of the two new teams is likely to take place on October 25 in Dubai.

Recently, IPL 2021 champions Chennai Super Kings (CSK) skipper MS Dhoni had hinted that he will play the next season of the lucrative league while his franchise had reportedly said that a decision on whether to retain the talismanic skipper will be taken only after knowing the rules of the system.

Dhoni had said that he hadn’t decided how he would fit into the retention scheme of things and after his side defeated Kolkata Knight Riders (KKR) by 27 runs in the summit clash of IPL 2021, he had said: “Again I’ve said it before, it depends on the BCCI. With two new teams coming in, we have to decide what is good for CSK.”

“It’s not about me being there in the top-three or four. It’s about making a strong core to ensure the franchise doesn’t suffer. The core group, we have to have a hard look to see who can contribute for the next 10 years,” he had added.

Later, former BCCI president and India Cements Ltd (ICL) vice-chairman N Srinivasan had emphatically said that there is no CSK without their current skipper Dhoni.

When he was asked about Dhoni’s future with the Yellow Brigade, Srinivasan had said: “Dhoni is part and parcel of CSK. There is no CSK without Dhoni and there is no Dhoni without CSK.”

Meanwhile, Dhoni, 40, in an event celebrating 75 years of India Cements, had said that he hopes to play his last match in Chennai.

“When it comes to farewell, you can still come and see me play for CSK and that can be my farewell game. So, you will still get that opportunity to bid me farewell. Hopefully, we will come to Chennai and play my last game over there and we can meet the fans there,” Dhoni said while interacting with fans during the virtual event.