IPL retention rules sight a revolutionary change; franchises see massive deduction in auction purse

The IPL retention rules have seen a major change ahead of the IPL mega-auction, which has been much anticipated ahead of the IPL. The newly made retention rules have allowed up to five direct retentions, along with having a Right To Match card, to retain a player during the auction.

Also, there remain no restrictions over the number of retentions of overseas players for every franchise. The IPL purse has seen a huge rise in the auction money amount, as INR 120 crores will be the set auction purse amount.

Reports from Sportstar confirmed that IPL authorities have now brought a change in the IPL rules, as they would look to differ from the practice of reducing only the amount of designated kitty from the IPL purse.

Instead of reducing these lesser amounts, if a player?s retention amount surpasses the designated price slot, then the equal amount will from now onwards be reduced from the total amount.

As a piece of example, previously in the IPL, if likely the highest slot for a player retention would range at 15 crores, then any likely player retained for even INR 17 crores would see only the lesser amount of 15 crores deducted from the purse. As of now, the new rule suggests otherwise. SRH has hinted at retaining their three players, Klaasen, Cummins, and Abhishek, for INR 55 crores, which exceeds the retention slab amount of 43 crores; as a result, they will face a deduction of this huge 55 crore amount from the auction purse.

The new rule would add up to the Match Retention rule as well, which would result in the Indian cricketers looking to retrieve much bigger amounts than the anticipated slots for the franchises.

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Hence, this would cause the likes of big Indian stars like Shreyas Iyer, Rishabh Pant, Kuldeep Yadav, and lastly, the likes of Arshdeep Singh to try their hands at the auction pool. The Mumbai Indians management has hinted at retaining their big four, which would be a big blow to their auction purse; hence, they would look to reach out for an agreement with the quartet.

Again, the likes of the Punjab Kings or Gujarat Titans might enter the auction with purses over a whopping amount of INR 100 crore, as these teams are reportedly to retain uncapped players for the Punjab Kings and Shubman Gill alone for the Titans.