Chennai Super Kings and Rajasthan Royals, the two franchises returning from a two-year suspension, will be able to retain players from among those who were in their squads in 2015, and from the list of their players who represented Rising Pune Super Giant and Gujarat Lions in 2017.
According to report by the Indian Express, one franchise was reportedly in favour of retaining as many as five players, while another proposed retention of one player per team.
Setting the player retention policy, salary cap and other rules and regulations for next year's edition of the IPL, its governing council allowed CSK and Rajasthan Royals, the two teams that are returning to the IPL after a gap of 2 years, to retain players from their 2015 squad. "Increased salary cap of players & base price of uncapped players", said the IPL commissioner Rajeev Shukla.
"What has been decided in the meeting was that the franchises can retain three players and two Right to Match or two retentions and three Right to Match", said one of the members who attended the meeting.
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The players of CSK and RR were shifted to new franchises, Rising Pune Supergiants and Gujarat Lions.
This has all but cleared MS Dhoni's way back to Chennai Super Kings. (On MS Dhoni coming back to CSK as captain) Obvious, yes. It was also chose to increase the total purse of each franchise from Rs 66 crore to Rs 80 crore.
Options are available. Teams could opt for two retentions and three Right to Match or three retentions and two Right to Match.
It is learnt that the franchise needs to include a minimum of three Indians among their five retained players.
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In the subsequent years, the franchises will be allowed to shell out Rs 82 crore (in 2019) and Rs 85 crore (in 2020).
- Maximum of two Overseas players.
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.
Minimum expenditure: 75 percent of the salary cap for each season.
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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.