IPL 2018 Auctions: Retention Policy explained

IPL 2018 Auctions: Retention Policy explained

IPL 2018 Auctions: Retention Policy explained

Following the suspension of the franchise for two years, Dhoni captained the Rising Pune Supergiant in the 2016 Indian Premier League and was part of the squad that entered the final in the previous edition, which they lost by one run to Mumbai Indians.

Dhoni had played for the Rising Pune Supergiants (RPS) in the last two editions but now can go back to CSK with the decision taken by the IPL Governing Council here. For example, if CSK chooses not to retain Dhoni directly and he is placed on auction instead, CSK will have the right to match the highest bid for him and retain him that way. If there is no retention before player auction then the franchises can have up to three ATM. He further said MS Dhoni's inclusion in CSK is subject to the player and the franchise itself.

Also, every team can retain up to five players by virtue of a combination of Player Retention (Pre Player Auction) and Right to Match (RTM) (applicable during the Player Auction).

It is learnt that the franchise needs to include a minimum of three Indians among their five retained players.

As per the report by the Indian Express, one franchise was reportedly on the side of retaining as many as five years, while another proposed retention of one player per team.

Senate Confirms Kirstjen Nielsen as DHS Secretary
Senate Majority Mitch McConnell , R-Ky., called Nielsen a qualified candidate with the talent and experience to succeed. The Senate had confirmed Duke for that position on April 4 by a vote of 85-14.

"The minimum spend will be 75 per cent of the salary cap for each season", BCCI Acting Secretary Amitabh Choudhary said in a statement after the meeting.

If a franchise opts to retain three players pre-auction, it will cost them a total of INR 15, 11 and 7 Crores (INR 33 Crores) respectively for the trio.

The auction reserve prices have also been increased, with a hike of Rs 10 lakh in the prices for uncapped players, which will now begin from Rs 20, 30 or 40 lakh. Salary caps have been set at Rs 80 crore for 2017, 82 crores for 2019 and 85 crore for 2020. For the capped players, who were earlier bracketed in the Rs 30 lakh and Rs 50 lakh category, the new base price will be Rs 50 lakh and Rs 75 lakh respectively.

The player auctions for the next IPL is scheduled to take place in February 2018. "Almost six out of eight teams wanted about 6 to 8 retentions".

Related news