By Saurabh Pandey
Existing teams will be granted to keep up to four players, while new teams can pick three players before the auction.
The Board of Control for Cricket in India (BCCI) stated that the existing eight teams can retain a maximum of four players and the new teams which were introduced earlier this month can have three players outside the auction, as reported.
The BCCI also stated that the salary cap for the IPL 2022 season will be Rs. 90 crores for all the franchises and further added “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.”
The two new teams can only pick two Indian players outside the auction and only one overseas player, Besides this, the new teams can only pick one uncapped player before auction.
The BCCI further specified that the existing franchises cannot retain more than three Indian players (capped/uncapped), while the number of overseas players on the retention list is limited to two. It has been categorically stated that a team may not retain more than two uncapped players.
And this time there will be no Right to Match (RTM) cards around the auction.
The BCCI has also specified how much money will be docked from the salary cap depending on their retention selections. If a team keeps four players, the player purse will be reduced by Rs 42 crore, three retention would result in a decrease of Rs 33 crore, and two retention will result in a reduction of Rs 24 crore.
A team’s purse will be reduced by Rs 14 crore if only one player is retained, while each uncapped player retained will cost Rs 4 crore.
In case of 4 retentions the council has also outlined the salary of each player, which are categorised as Rs 16 crore for Players 1, Rs 12 crore for Player 2, Rs 8 crore for players 3 and Rs 6 crore for Player 4. And in case of 3 retentions the salary will be distributed as for player 1 will be Rs 15 crore, Player 2 will be Rs 11 crore and Player 3 will be 7 crore.
Retention of 2 players will lead the salary to 14 crore to player 1 and 10 crore to player two. And if the team retains only one player then the franchise has to pay him 14 crore annually.
The BCCI also said that if the salary of the player which was agreed-upon, exceeds the value decided then whichever will be higher shall be deducted from the purse.”The sums set out above are the minimum amount(s) which will be deducted from a Franchisee’s Salary Cap.
If the League Fee agreed with a Retained Player set out above exceeds the relevant sum set out above, then an amount equal to that higher League Fee shall be deducted from the relevant Franchisee’s Salary Cap. If the League Fee agreed with a Retained Player is less than the relevant sum set out above, then an amount equal to the relevant sum set out above shall be deducted from the relevant Franchisee’s Salary Cap.”
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