IPL 2022: The BCCI, in a letter to the franchises, confirmed that the existing 8 teams will be allowed to retain a maximum of 4 players between November 1 and November 25. The two new teams can pick a maximum of 3 players before the mega auction.
BCCI confirms IPL 2022 retention rules in a letter to franchises (Courtesy of BCCI)
HIGHLIGHTSA maximum of 4 players can be retained by exisiting franchises before mega auctionExisiting teams can retain players between November 1 and 30New teams allowed to pick maximum of 3 players before auction
Indian Premier League teams can retain up to 4 players in the lead up to the mega auction for IPL 2022, the Board of Control for Cricket in India (BCCI) has conveyed in a letter to the franchises. The two new teams who will be part of the next season will be allowed to pick 3 players before the auction.
A source close to the board confirmed the developments to India Today on Saturday. The existing 8 franchises will be allowed to retain their players between November 1 and 30 while the two new teams can pick 3 players from the released list of players or elsewhere from December 1. The deadline for picking the set of 3 players for the new teams is December 25.
The 8 existing teams can’t retain more than 3 Indian players (capped or uncapped) while they can’t retain more than 2 overseas players. Meanwhile, the two new teams can pick a maximum of 2 Indian players after the players are retained by the existing franchises. No more than one uncapped player can be picked by them.
Meanwhile, the maximum purse for all 8 teams has been fixed at Rs 90 crore each.
If a team retains 4 players, then a total of Rs 42 crore will be deducted from their purse with the top player getting Rs 15 crore.
If a team retains 3 players, then Rs 33 crore will be cut from its purse.
For 2 players, Rs 14 crore and Rs 10 crore have to be shelled out while teams retaining only one player have to pay Rs 14 crore to him.
Sanjiv Goenka-helmed RPSG Group came up with a winning bid of a whopping INR 7090 crore and picked Lucknow as its home base. CVC Capital, former owners of Formula One, came up with the second-highest bid of INR 5625 crore and opted for Ahmedabad during Monday’s bidding in Dubai. Notably, RPSG Group also owned the Rising Pune Supergiant franchise between 2016 and 2017.
Click here for our site’s complete coverage of the coronavirus pandemic.
