Teams will be allowed to retain a maximum of five players for the upcoming mega auction, the IPL Governing Council and the Committee of Administrators (CoA) announced today after a meeting in New Delhi. Teams can retain three players and will have a right to match for two others or vice versa.
The biggest question ahead of the 2018 mega auction was the retention policy that would be followed by the eight franchises. After months and months of meetings between the IPL Governing Council and the teams, the former has finally announced that a maximum of five players can be retained by teams.
It was also clarified that it could be done in two ways. The teams could either retain three players and use their right to match card, where they can retain a previous employee by matching the bid value in the
One more important revelation
The Governing Council also announced the salary caps for the next three editions of the cash-rich league. While teams will have the option to use 80 Crore as their total spend next year, the amount will increase to 82 Crore and 85 Crore respectively over the next two years. It was also announced that the teams would have to spend a minimum of 75% of the salary cap for every season.
It was further announced that the franchises needed to have a minimum of 18
The IPL auction will also see a change in the minimum reserve price from the 2018 edition with the minimum base price raised to 20 lakh from 10 lakhs. However, the upper limit has not been changed and remains at 2 crores.
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