IPL franchises will spend Rs 480-640 crore on players next season

Doug Mendoza
December 7, 2017

Chennai Super Kings and Rajasthan Royals, the two franchises returning from a two-year suspension, will be able to retain players from among those who were in their squads in 2015, and from the list of their players who represented Rising Pune Super Giant and Gujarat Lions in 2017.

It also decided that an Indian Premier League (IPL) franchise can retain or secure through the Right to Match (RTM) clause a combined total of five players for the 2018 edition of the Twenty20 cricket tournament, it was announced on Wednesday.

The IPL Governing Council, along with the Committee of Administrators (CoA), discussed player retention, salary cap, player regulations and other related issues in a meeting held in the national capital. 3 Maximum number of 2 Uncapped Indian players.

MS Dhoni, the former India skipper, is all set to return to the Chennai Super Kings franchise for the 2018 Indian Premier League after the IPLGoverning Council cleared the path for his return. From INR 66 crore in the last two auctions (2016 and 2017), the salary cap will be INR 80 crore in 2018. (On MS Dhoni coming back to CSK as captain) Obvious, yes. A franchise can secure a maximum of two uncapped Indian 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.

Gotti: John Travolta Biopic Dropped by Lionsgate at Producers' Request
Hopefully if the film is any good, we may eventually get a chance to see it sometime in the future. It is unclear if the film will find new distribution or when it's now scheduled to debut.

Regal Entertainment Group (RGC) Shares Surge on Cineworld Deal
They expect this year's earnings to fall -14.41% year-over-year to $0.95, followed by 11.58% growth in the next year to $1.06. TRADEMARK VIOLATION WARNING: This report was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal.

Champions League: which teams can qualify for the last 16?
PSG is seeking a sixth straight group win and to rebound from a shock 2-1 loss to promoted Strasbourg in the French league. Chelsea finished second in Group C and as it stands will face Paris Saint-Germain (6), Barcelona (3) or *Besiktas (28).

Right to match or RTM basically gives a franchise the authority to match the highest bid for a player they didn't choose to retain pre-auction, and acquire his services again.

Top players such as Virat Kohli, who turned up for Royal Challengers Bangalore till this season, will most likely come in the Rs 15 crore bracket as they will be the most sought after by their old teams. A retention of only two players would cost them INR 12.5 and 8.5 (INR 21 Crores) respectively. The IPL said the franchises will need to spend at least 75% of the salary cap each season, and that each squad should contain between 18 and 25 players with a limit of eight overseas players per franchise. Rajasthan Royals wanted everyone to go back to the auction pool, the report said.

For the auctions, the base price of players have been increased in both capped and uncapped categories.

Other reports by GizPress

Discuss This Article

FOLLOW OUR NEWSPAPER