Published: Thu, December 07, 2017
Sports | By Spencer Underwood

IPL franchises allowed to retain up to five players

IPL franchises allowed to retain up to five players

CSK and Rajasthan Royals (RR), who will be returning to the league after serving two-year suspensions, will be allowed to retain players who played for their respective squads in the 2015 IPL season and those who were part of now defunct teams Gujarat Lions and Rising Pune Supergiant.

The Governing Council meeting was attended by the members of the Supreme Court-appointed Committee of Administrators (CoA). The salary cap has also been increased for uncapped players.

In the event of the franchise not retaining a player directly, they will be allowed to use their right to match thrice during the player auction. "The player pool available for CSK and RR for retention/RTM will be the players who played for them respectively in IPL 2015 and who were part of RPS (Rising Pune Supergiant) and GL (Gujarat Lions) squads in IPL 2017", the council said in a release.

Chennai Super Kings fans have another reason to celebrate as the team confirmed that MS Dhoni will captain the side in IPL 2018.

Chennai Super Kings MS-Dhoni in action against Delhi Daredevils during IPL.

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Meanwhile, salary caps were also set for players starting from Rs 80 crore, in 2018, to Rs 82 crore and then Rs 85 crore in subsequent years.

- Maximum of two Overseas players. If they opt to retain just the one player, then they'll have to suffer a deduction of INR 12.5 Crores from their pre-auction purse. For capped players, the earlier base price of Rs 30 lakh has been increased to Rs 50 lakh, Rs 50 lakh to Rs 75 lakh, while there are no changes for players carrying the reserve price of Rs 1 crore, Rs 1.5 crore and Rs 2 crore.

If a franchise opts to retain three players pre-auction, it will cost them a total of INR 15, 11 and 7 Crores (INR 33 Crores) respectively for the trio.

The player auctions for the 2018 edition of the tournament are slated to be held in February. The minimum spend will be 75 per cent of the salary cap for each season to aid junior players. A right-to-match card gives the franchise the ability to buy back its player during the auction by matching the highest bid made for the player by another franchise, once the bidding is over.

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