The IPL governing council made the decision on Saturday to allow the 10 IPL franchises to keep a maximum of six players from their prior rosters, including one Right To Match (RTM) card at the auction that will cost Rs 75 crore out of an increased team purse of Rs 120 crore. In 2022, a team was permitted to have up to four retentions during the most recent mega auction.
On that day, Jay Shah, the secretary of the BCCI, also said that all players who were chosen to participate in the league games would receive a fixed match fee of Rs 7.50 lakh in addition to their wages, totaling an additional Rs 1.05 crore.
The franchises would be required to hold both the auction/retention purse of Rs 120 crore and a fixed salary purse of Rs 12.60 crore for the upcoming season.
“The first retention will cost Rs 18 crore followed by second retention of Rs 14 crore and third retention of Rs 11 crore. However if a franchise opts for fourth and fifth retentions, they will again have to pay Rs 18 crore and Rs 14 crore respectively. So any franchise opts for all five retentions, then will have only Rs 45 crore to buy or even use their Right To Match (RTM) card to buy another 15 players and prepare a squad. There is no cap on Indian and Overseas retentions,” a senior BCCI and IPL governing council member told PTI on conditions of anonymity.
It is understood that most of the stronger franchises like Mumbai Indians, Kolkata Knight Riders and Sunrisers Hyderabad were in favour of six to eight retentions as opposed to likes of some other franchises which don’t have too much star power.
“We introduced more deductions for retentions four and five to ensure level playing field. You can go ahead and retain five but then you will have less than Rs 50 crore to deal with at auction table. Also if franchises opt for only three retentions, then more star value will be added to auction and some of the teams with lesser strength can set their house in order. The idea is to have a good competition,” the source said.
One can provide an example of how BCCI intended to keep it engaging.
Consequently, the Mumbai Indians will have to take out Rs 75 crore from their budget if they wish to keep Hardik Pandya, Rohit Sharma, Suryakumar Yadav, Jasprit Bumrah, and Thilak Varma. What would happen if Ishan Kishan’s value surges to Rs 15 crore at auction, forcing them to deploy a Right To Match card, given the remaining Rs 45 crore? The remaining 14 players can be chosen for essentially Rs 30 crore.
It should be noted that the retention price is merely a subtraction from the team purse for the auction; it might not correspond to the player’s actual wage, which is determined by a separate contract between the player and the franchise.
In the meantime, Shah announced the per-match fee on Twitter. This practically means that, in addition to the minimal base price of Rs 20 lakh, an uncapped Indian player who is allowed to play three IPL games might earn Rs 22.5 lakh. Therefore, he can make 42.5 lakh in a season by participating in just three three-hour games, as opposed to merely making Rs 24 lakh if he plays ten Ranji Trophy games.
“We are excited to offer a match price of INR 7.5 lakhs every game for our cricketers in a historic gesture to honor consistency and promote excellent performances in the IPL! In addition to his contracted salary, a cricket player who participates in every league game throughout a season would receive Rs. 1.05 crores, Shah tweeted.
“Match fees for the season will total INR 12.60 crores for each franchise! For the IPL and our players, this is a new era,” he continued.
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