IPL 2022: BCCI reveals restrictions on salary cap for retained players ahead of mega auction

IPL 2022: BCCI reveals restrictions on salary cap for retained players ahead of mega auction

BCCI has also given a window from November 1, 2021 to November 30, 2021 to finalise their retained players.

IPL Auction 2021
IPL Auction. (Photo Source: Twitter)

The Board of Control for Cricket in India (BCCI) has started the planning for the mega auction ahead of the upcoming Indian Premier League (IPL) season. After announcing the two new teams, Lucknow and Ahmedabad and their owners, the board has confirmed that the existing 8 IPL teams will get a chance to retain four players from their existing squad the limit being – not more than three Indians (capped/uncapped), two overseas and two uncapped players.

The two new teams will get a chance to pick three players outside the auction the limit being – not more than two Indians, one overseas and one uncapped players. The purse for each team has also been increased to INR 90 crores and the BCCI has outlined how much funds will be decreased from the purse after the franchises retain the players.

According to Cricbuzz, if a team retains four players, a total of INR 42 crore will be deducted from their purse, while the retention of three players will lead to the team losing INR 33 crore. Two retentions will see a team’s purse going down by INR 24 crore and for a single player retention, the franchise will lose INR 14 crore from its purse.

Different salary cap reduction for different number of retentions

BCCI has also come up with the salary of each player according to the number of retentions a team decides to make. In case of four retentions the salary will be – Rs 16 crore for Player 1, Rs 12 crore for Player 2, Rs 8 crore for Player 3 and Rs 6 crore for Player 4. If a team decides to retain on three players, the salary will be – Rs 15 crore for Player 1, Rs 11 crore for Player 2 and Rs 7 crore for Player 3.

Only two retained players will see the Player 1 getting Rs 14 crore and Rs 10 crore for Player 2. If a franchise decides to retain only a solitary player, then the salary for him would be Rs 14 crore annually. BCCI has also given a window from November 1, 2021 to November 30, 2021 to finalise their retained players while the two new teams will get a chance to pick three players outside the auction from December 1, 2021 to December 25, 2021.