BCCI (Board of Control for Cricket in India) released the new retention policy for IPL on Saturday, September 28. Foreign players appear to be suffering losses due to the policy rules. Under this, all foreign players will have to register in the mega auction. If they do not register, they will not get entry into the mini-auction to be held later.
The BCCI has implemented stricter rules for the upcoming IPL season. Any player who withdraws from the tournament after being sold in the auction will face a two-season ban. Additionally, foreign players will have a salary cap of Rs 18 crore per season. This new rule will have a significant impact on the auction, as some of the highest-paid foreign players in the previous season, such as Mitchell Starc, who was sold for Rs 24.75 crore and Pat Cummins for Rs 20.50 crore, may be priced out of the market.
Question: What is the retention rule of IPL?
Answer:
The new IPL retention rule allows franchise teams to retain a maximum of 6 players before the mega auction. This includes a maximum of 5 international players and 2 uncapped players. The international players can be from any country, while the uncapped players must be from India.
For example, if the Mumbai Indians retain all 5 international players, they will only be able to retain 1 uncapped player as the sixth player. However, if they retain 4 international players, they can retain 2 uncapped players. This rule provides teams with flexibility in retaining their key players while also giving them the opportunity to invest in young Indian talent.
Question: What changed in the Right to Match card?
Answer:
The IPL has reintroduced the Right to Match (RTM) card for the upcoming season, allowing teams to retain up to 6 players before the auction or use up to 6 RTM cards during the auction. The number of RTM cards available to a team depends on the number of players they retain before the auction.
If a team retains 3 players, they will have 3 RTM cards left. If they retain 4 players, they will have 2 RTM cards left. Teams can use their RTM cards to match any bid made for a player they had the right to retain.
A new rule has been added to the RTM process, allowing the bidding team to increase the price of the player. For example, if Chennai Super Kings (CSK) retains 5 players and has 1 RTM card left, and Hyderabad buys Moeen Ali in the auction for Rs 6 crore, CSK can use their RTM card to match the bid. However, Hyderabad can then increase the price to Rs 9 or Rs 10 crore. If CSK chooses to match this increased bid, they will have to buy Moeen Ali at the higher price. If they do not match the bid, Moeen Ali will join Hyderabad at the increased price.
In the 2018 mega auction, Bengaluru had bought Yuzvendra Chahal through the Right to Match card.
Question: How much will it cost to retain a player?
Answer:
The IPL has increased the purse limit for teams to Rs 120 crore, allowing them to retain up to 6 players. The retention fees for the first three players are Rs 18 crore, Rs 14 crore, and Rs 11 crore, respectively. If only 3 players are retained, Rs 43 crore will be spent from the purse.
Retaining a fourth player costs Rs 18 crore, and the fifth player costs Rs 14 crore. An uncapped player can be retained for Rs 4-4 crore. The deadline for submitting player retentions is October 31, 2024, at 5 PM.
Teams can choose to retain 5 international and 1 uncapped player, spending Rs 79 crore, or 4 international and 2 uncapped players, spending Rs 69 crore. If only 5 international players are retained, the cost will be Rs 75 crore.
This new retention rule provides teams with flexibility in retaining their key players and investing in young Indian talent.
Question: How did foreign players suffer losses?
Answer
The IPL has introduced a new rule limiting the amount paid to foreign players. In the mini auction, foreign players will not receive a retention value higher than the most expensive Indian player sold in the mega auction. For example, if the highest-paid Indian player in the mega auction is sold for Rs 16 crore, foreign players cannot be bought for more than Rs 16 crore in the mini auction.
If a team retains an Indian player for a higher amount than the most expensive Indian player sold in the mega auction, the foreign player’s salary cap will be adjusted accordingly. In the given example, if Mumbai Indians retain Suryakumar Yadav for Rs 18 crore and Rinku Singh is sold for Rs 15 crore in the mega auction, foreign players can only be bought for up to Rs 15 crore in the mini auction.
Teams can still bid on foreign players for higher amounts, but the excess amount will be deducted from their purse without being paid to the player. This excess amount will be used by the BCCI to invest in developing Indian cricket.
This new rule aims to promote Indian talent and ensure a more equitable distribution of resources within the IPL.
Question: What are the new rules for foreign players?
Answer:
The IPL has implemented stricter rules for foreign players. They must now register for the mega auction to participate in the league. Failure to register will result in a ban from the next mini auction. Additionally, any foreign player who withdraws from the tournament after being sold in the auction will face a two-season ban. However, this ban does not apply in cases of injury, provided the player obtains permission from their national board.
These new rules aim to ensure that foreign players are committed to the IPL and to prevent teams from being adversely affected by late withdrawals.
Question: What is the rule for uncapped players?
Answer:
The uncapped player rule has been reintroduced in the IPL, allowing teams to retain any Indian player who has not played international cricket for at least 5 years. This rule was previously in place from 2008 to 2021 but was not utilized.
MS Dhoni, who led Chennai Super Kings to 5 IPL titles, is eligible to be retained as an uncapped player under this rule. Since his last international match was in 2019, CSK can retain him for a fee of only Rs 4 crore.
This rule provides teams with an opportunity to retain experienced players at a significantly reduced cost, giving them more flexibility in their spending.
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