IPL auction on February 12, teams can retain five players

The Indian Premier League auction will be held on February 12, a release from the BCCI said on Tuesday. And as reported by TOI on Tuesday, franchisees will be allowed to retain a maximum of five cricketers. The teams also have the option of buying back a limited number of cricketers through the 'right to match' system (joker's card). "The 2014 player auction will be held on 12 February, and if necessary, 13 February 2014. The venue will be announced soon," a BCCI release said on Tuesday. 

"A franchise may sign up to a maximum of 5 players (either capped or uncapped, no more than four of whom may be capped Indians) who were in its squad in 2013, including those who were unavailable during the season and those who were taken as temporary replacements," the release further said. 

The salary cap of every team would be Rs 60 crore. And if any team retains all their five players, a sum of Rs 39 crore would be deducted from the actual purse. A franchise which retains the maximum of 5 players, all of whom are capped, will have a balance of Rs 21 crore to pay the remaining up to 22 players in its squad for the 2014 season, BCCI said while adding that retained players may not be traded. 

Reacting to the new regulations and retention rules, the teams expressed mixed feelings. Sources said that the teams wanted more matching cards, something which allows them to keep a player at the price bid by another franchise. 

In the Singapore IPL workshop in November, the teams had proposed that those who retained five cricketers should not be given any matching card. However, BCCI has not been so generous and has offered only one matching card to a team which retains three to five players. And if a team retains one or two cricketers, it would get two matching cards. Those who won't retain any player would get three matching cards. 

A top BCCI official justified the move, suggesting that it would deter teams from retaiing many players which means more players in the auction pool and a more level-playing field. A couple of teams also supported the BCCI, saying the new regulations were better as the price factor would discourage teams from retaining the permitted number of players. "These regulations are certainly better than the ones which were made three years ago. We're happy that IPL has balanced it well," a franchise official said. 

While defending the retention rule, a top IPL official said that these regulations are made keeping in mind certain requirements. "You can't change the core team because fans' sentiments are with the players. After six years, the fans can only identify with the big players who play for their teams. I am sure the fans can't imagine their big stars playing for some other side." 


Summary Of Governing Council Decisions: 

Player Contract: 

* One year term with a franchise having the option to extend for either one or two additional years. The option must be exercised on or before 15 December in each year 

* IPL league fee for all players to be denominated in Indian rupees 

* Overseas players to be paid in the currency of their choice at the prevailing exchange rate on either the actual date of payment or contract due date, whichever is beneficial to the player 

* IPL league fee to exclude payment for playing in CLT20 but to include up to 6 approved friendly matches 

* The additional fee for playing in CLT20 to be an amount equal to 10% of the IPL league fee 

Squad Composition: 

* Each squad must include no less than 16 and no more than 27 players, of which up to 9 may be overseas players 

* No more than 4 overseas players in the XI for any match 

* No minimum quota for catchment area players 

* Under 19 players must have played either First Class or List A before signing for IPL 

* Salary Cap for the IPL league fees of the entire squad to be Rs. 60 crore for 2014, increasing by 5% pa for 2015 & 2016 

* Minimum squad spend of Rs. 36 crore in each of the 2014, 2015 & 2016 seasons 

Retaining players in advance of the player auction: 

* In advance of the 2014 Player Auction, a franchise may sign up to a maximum of 5 players (either capped or uncapped, no more than four of whom may be capped Indians) who were in its squad in 2013, including those who were unavailable during the season and those who were taken as temporary replacements 

* The player contract for the retained player (in standard form and signed by both the player and the franchise) must be lodged with the BCCI on or before Friday 10 January 2014 

* Embargo on franchises approaching any players who were in another franchise's 2013 squad until Saturday, 11 January 2014 

* Irrespective of the IPL league fee that is agreed between the two parties and which is set out in the player contract, the 2014 Salary Cap (and if appropriate the 2015 and 2016 Salary Caps) for the franchise will be charged as follows: 

For Capped Players: 

* Rs. 12.5 crore for the first capped Player so retained. 

* Rs. 9.5 crore for the second capped Player so retained. 

* Rs. 7.5 crore for the third capped Player so retained. 

* Rs. 5.5 crore for the fourth capped Player so retained 

* Rs. 4 crore for the fifth capped Player so retained 

For Uncapped Players: 

* Rs. 4 crore for each uncapped Player so retained. 

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