IPL governing council laid down the salary cap for next three seasons; CSK, RR allowed to retain players from 2015 squad
Urvi Malvania | Mumbai Last Updated at December 6, 2017 17:51 IST
The meeting also resolved the issue of player retention. While some teams were in favour of the right to match (RTM) method, others preferred the retention method. Each team can now retain up to five players using a combination of the methods. Teams can retain a maximum of three players using either method. So if a team does not retain any players before the auction, it can still use the RTM method for three players.
Of the five players retained, each team can have a maximum of three Indian capped players, two overseas players and two uncapped Indian players. The Governing Council also increased the reserve prices for players available in the auction. Earlier, the reserve price for uncapped players was Rs 10 lakh, Rs 20 lakh and Rs 30 lakh, depending on the group they belong to. This has been raised to Rs 20 lakh, Rs 30 lakh and Rs 40 lakh.
In case of capped players, those in the Rs 30 lakh and Rs 50 lakh categories will now enter the auctions with a base price of Rs 50 lakh and Rs 75 lakh respectively. Reserve prices for categories with Rs 1 crore, Rs 1.5 crore and Rs 2 crore base price remain unchanged.
The salary of players retained before the auction has also been altered in parts. Earlier, there was a blanket policy on the salary for the first players retained and those following him. However, with the combination of retention and RTM methods coming into play, the governing council has provided new guidelines depending on the number of players retained before the auction.
For teams retaining three players before going into the auction, the first player retained will get a salary of Rs 15 crore; the second player retained will get a salary of Rs 11 crore; and the third player’s salary will be Rs 7 crore. If a team retains two players before the auction, the first player will be given a salary of Rs 12.5 crore, while the second retained player will be acquired at a salary of Rs 8.5 crore. If a team retains just one player, the salary for that one player will be Rs 12.5 crore. Uncapped players retained before the auction will get a salary of Rs 3 crore. However, the deduction from salary purse in case of retention will be determined on the basis of guideline price or actual price (whichever is higher).
First Published: Wed, December 06 2017. 17:29 IST