The Indian Premier League (IPL) franchises will reportedly be allowed to retain as many as four players ahead of the IPL 2022 mega auction. The decision was made during informal meetings in the latter half of the IPL 2021 season.
Following the discussions in the UAE, the Board of Control for Cricket in India (BCCI) and the franchise representatives have come to an agreement regarding the number of retentions allowed per team. This includes a maximum of three Indian players or two foreign players per team.
There might also be a limit on the number of uncapped players, with reports in Cricbuzz stating that it may not exceed more than two per team. Notably, the previously-used Right to Match (RTM) cards are highly unlikely to be available.
Player purse set to start at INR 90 crores for IPL teams
The two new teams that will be sold in a closed bidding auction on October 25 are expected to have some privileges. If there are no ‘major’ Indian players available for purchase, the new franchises might be allowed to sign two or three players outside the auction, including a maximum of two foreigners.
As for the player purse for each IPL franchise, it is expected to start at INR 90 crores. Following that, there will be an increment of INR 5 crores each for the next two seasons. Retaining players might burn a considerable hole in the franchise pockets as well.
The final announcement will be made once the two new teams are sold. As of now, there have been quite a few interested parties, with the major ones being the Adani group, the Glazers who own the Manchester United football club, and Bollywood couple, Ranveer Singh and Deepika Padukone.