IPL 2018 retention rules: From Right to Match cards to new salary cap, a handy explainer of latest regulations
As per the new policy, franchises can retain up to five players using a combination of pre-auction retentions and Right to Match (RTM) cards. The teams can use either option for a maximum of three times, which means even if a team doesn’t opt for a pre-auction retention, it can use RTM cards to retain a maximum of three players only and not five.
The dates of auction, however, are yet to be announced.
Following are the key takeaways:
What is pre-auction retention?
This allows franchises to retain a maximum of three players, before the actual auction. Players retained using this route will thus not be part of the IPL auction. Teams can use this method to retain their three most important players.
The cost of capped players who can be retained pre-auction are:
If the franchise retains three players:The cost of players will be Rs 15 crore, Rs 11 crore and Rs 7 crore respectively. The money — Rs 33 crore — will be deducted from their auction purse.
If the franchise retains two players:The cost will be Rs 12.5 crore and Rs 8.5 crore respectively. Rs 21 crore will be deducted from their auction purse.
If the franchise retains one player:The cost will be Rs 12.5 crore. The money will be deducted from franchise’s auction purse.
Retention of an uncapped player will cost Rs 3 crore, which again will be deducted from franchise’s auction purse.
What is RTM?
The latest entrant to the auction table, Right to Match cards enable a franchise to ‘match’ the auction price offered for its player (who they did not retain pre-auction) by a rival franchise to retain that player.
For example, if Krunal Pandya, who played for Mumbai Indians in the last season but does not figure among the three pre-auction retainees, is bought by Delhi Daredevils for Rs 5 crore, MI can use their RTM to retain Pandya for Rs 5 crore.
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