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The 10 IPL franchises will be allowed to retain a maximum of six players. from their previous squads, which will include one Right To Match (RTM) card at the auction which will cost Rs. 75 crore out of an enhanced team purse of Rs. 120 crore, the Indian Premier League governing council decided on Saturday.
A team was allowed up to four retentions in the last mega auction held in 2022.
On the day, BCCI secretary Jay Shah also announced a fixed match fee of Rs. 7.50 lakh for all players selected to play the league games with an additional 1.05 crore income over and above their salaries.
A fixed salary purse of Rs. 12.60 crore in addition to the auction cum retention purse of Rs. 120 crore will have to be kept by the franchises for next season.
"The first retention will cost Rs. 18 crore followed by second retention of Rs. 14 crore and third retention of Rs. 11 crore. However if a franchise opts for fourth and fifth retentions, they will again have to pay Rs. 18 crore and Rs. 14 crore respectively. So any franchise opts for all five retentions, then will have only Rs. 45 crore to buy or even use their Right To Match (RTM) card to buy another 15 players and prepare a squad. There is no cap on Indian and Overseas retentions," a senior BCCI and IPL governing council member told PTI on conditions of anonymity.
It is understood that most of the stronger franchises like Mumbai Indians, Kolkata Knight Riders and Sunrisers.
Hyderabad were in favour of six to eight retentions as opposed to likes of some other franchises which don't have too much star power.
"We introduced more deductions for retentions four and five to ensure level playing field. You can go ahead and retain five but then you will have less than Rs. 50 crore to deal with at auction table. Also if franchises opt for only three retentions, then more star value will be added to auction," the source said.
An example can be furnished how BCCI planned to make it interesting.
Therefore if Mumbai Indians want to retain Hardik Pandya, Rohit Sharma, Suryakumar Yadav, Jasprit Bumrah and Thilak Varma, they will have Rs. 75 crore deducted from its purse. And then with Rs. 45 crore at auctions, what happens if Ishan Kishan's price skyrockets to Rs. 15 crore and they are forced to use a Right To Match card. Then it effectively boils down to Rs. 30 crore to select 14 more players.
One needs to note that retention price is only a deduction from the team puRs.e for the auction but it may or may not be the actual salary of the player which is a player-franchise separate contract.
Meanwhile Shah took to twitter to announce the per match fee which effectively means that an uncapped Indian player, who can play three games of IPL stands to earn Rs. 22.5 lakh apart from a minimum base price of Rs. 20 lakh.
So he can earn 42.5 lakh in a season by playing just three games of three houRs. whereas if he plays 10 Ranji Trophy games in a season, he stands to earn Rs. 24 lakh only.
"In a historic move to celebrate consistency and champion outstanding performances in the IPL, we are thrilled to introduce a match fee of INR 7.5 lakhs per game for our cricketers! A cricketer playing all league matches in a season will get Rs.. 1.05 crores in addition to his contracted amount," Shah tweeted.
"Each franchise will allocate INR 12.60 crores as match fees for the season! This is a new era for the IPL and our players.," he added.