The IPL Governing Council, along with the Committee of Administrators (CoA), discussed player retention, salary cap, player regulations and other related issues in a meeting held in the national capital.
In a very delighting news for the Chennai Super Kings fans, their favorite cricketer MS Dhoni is likely to lead the CSK franchise in the 2018 edition of the Indian Premier League (IPL). "The player pool available for CSK and RR for retention/RTM will be the players who played for them respectively in IPL 2015 and who were part of RPS (Rising Pune Supergiant) and GL (Gujarat Lions) squads in IPL 2017", the council said in a release.
CSK and Rajasthan were suspended for two IPL seasons after the tournament was hit by a spot-fixing controversy in 2013.
The Indian Premier League (IPL) is going to be an even bigger juggernaut next year as the eight franchises will end up spending anywhere between Rs 480-640 crore on players alone.
- Maximum of two Overseas players.
It is learnt that the franchise needs to include a minimum of three Indians among their five retained players. 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.
- Maximum of two Uncapped Indian players. Salary caps have been set at Rs 80 crore for 2017, 82 crores for 2019 and 85 crore for 2020.
A maximum of either three retentions or three RTMs at the discretion of the franchises. If they opt to retain just the one player, then they'll have to suffer a deduction of INR 12.5 Crores from their pre-auction purse.
George also confirmed that they can only retain players who played for them in 2015.
For uncapped players' retention, the franchises will have to dish out INR 3 Crores per player from their pre-auction purse. For instance, if Royal Challengers Bangalore opt against retaining Chris Gayle and one of the other franchises buy him for an amount, say INR 5 Crores, then RCB can activate their RTM and get Gayle back for the same amount, i.e INR.5 Crores.
"The minimum spend will be 75 per cent of the salary cap for each season", the statement read.