News Analysis India

Tag: IPL new teams

  • IPL 2022: BCCI sets Rs 90 crore as salary purse, 42 crore for maximum four retentions

    By PTI

    NEW DELHI: The BCCI has set a salary cap of Rs 90 crore for 10 IPL franchises, including the two new entrants, for the next season and allowed a maximum of four retentions for the eight established teams.

    As PTI had reported on Friday, the two new franchises — Lucknow and Ahmedabad — will be given a choice to pick three players from the auction pool after the old teams announce their choice of retentions.

    “The BCCI had sent a letter to all the franchises, updating them about the new rules where four retentions will cost a team Rs 42 crore while three retentions will lead to reduction of Rs 33 crore. Two players retained will mean that Rs 24 crore is deducted while a single player retained means that one has to shell out Rs 14 crore out of the 90 crore purse,” a senior IPL franchise official told PTI.

    He also informed that retention amount and the amount paid to the player is not always the same. “Suppose Delhi Capitals retains Rishabh Pant as their ‘player 1’ among four maximum players, then the purse deducted will be Rs 16 crore. But in reality, Pant’s actual take home salary is not the reflection of what is deducted from purse. It could be much lesser. I am just giving an example,” the official stated.

    In case of four retentions, it could be either three Indians and one foreign player or at the maximum two Indians and as many foreigners. In case of the two new franchises, when they are allowed to select from the pool, they will have the right to pick two Indian and one foreign players from the available pool.

    ALSO READ| Eyeing fat paycheck, players keen to go back to IPL auction pool

    In case of uncapped players, the old franchises will get two picks and new ones will have one choice.

    The letter stated that the entire month of Novemver could be used for retention by eight old franchises and then from December 1-25, Lucknow and Ahmedabad would get a chance to pick their three players before the auction in early January.

    “The window for the eight existing teams to retain the players will be from the 1st November 2021 to 30th November 2021. Thereafter the 2 new teams will have the window to retain the players starting from 1st December 2021 to 25th December 2021,” the letter stated.

    In case of salary purse deductions per player, there are separate figures for four distinct slabs. In case of ‘Slab 1’ and four players retained — ‘Player 1’ will be valued at Rs 16 crore, ‘Player 2’ at Rs 12 crore, ‘Player 3’ at Rs 8 crore and ‘Player 4’ at Rs 6 crore.

    Therefore, the total purse deducted will be Rs 42 crore and that franchise will have Rs 48 crore to play with at the big auction. In case of ‘Slab 2’, ‘Player 1’ is valued at Rs 15 crore, ‘Player 2’ at Rs 11 crore and ‘Player 3’ will have Rs 7 crore earmarked for deductions.

    Therefore the total of Rs 33 crore will be deducted from full purse and that particular franchise will have Rs 57 crore to bid at auction. For ‘Slab 3’, in which two retentions are possible, ‘Player 1’ is valued at Rs 14 crore and ‘Player 2’ at Rs 10 crore and a total of Rs 24 crore deducted from the purse.

    The franchise, which opts for two retentions, will go in with Rs 66 crore at auction. ‘Slab 4’ will have only one retention available for Rs 14 crore and Rs 76 crore available for auction buy. However, in case of an uncapped player being retained, the deduction will be Rs 4 crore.

    While franchises have a month to retain their choice of players, here is a look at the likely retentions of eight original franchises and options available for Lucknow and Ahmedabad.

    All likely options (3+1 or 2+2) (Subject to players agreeing to be retained):

    Chennai Super Kings: Ruturaj Gaikwad, Ravindra Jadeja, MS Dhoni, Faf du Plessis/Moeen Ali/Dwayne Bravo (overseas)

    Mumbai Indians: Rohit Sharma, Jasprit Bumrah, Suryakumar Yadav, Kieron Pollard (overseas)

    Kolkata Knight Riders: Shubman Gill, Varun Chakravarthy, Venkatesh Iyer (uncapped), Sunil Narine (overseas)

    Royal Challengers Bangalore: Virat Kohli, Devdutt Padikkal, Yuzvendra Chahal, Glenn Maxwell (overseas)

    Delhi Capitals: Rishabh Pant, Prithvi Shaw, Kagiso Rabada, Anrich Nortje

    Kings XI Punjab: No retentions likey as KL Rahul looking for new team

    Rajasthan Royals: Sanju Samson (if he agrees), Ben Stokes (if available post Ashes)

    SunRisers Hyderabad: Rashid Khan (if agreeable)

    Lucknow RP-SG: Shreyas Iyer, David Warner

    Ahmedabad: Pandya brothers — Hardik and Krunal.

  • Eyeing fat paycheck, players keen to go back to IPL auction pool

    Express News Service

    CHENNAI: Even as the Board of Control for Cricket in India (BCCI) is close to finalising the retention rules for franchises, many of India’s top players are ready to test waters at the IPL auction. With two new teams inducted into the league, a big auction is lined up, which could take place in December or January.

    As things stand, the chances of franchises getting four players to retain are high with two new teams allowed to pick up to three players through a draft system before the auction begins. With regards to retention, teams have been told informally by the BCCI that they can retain either three Indians and one overseas player or two Indians and two overseas players.

    With regards to the right-to-match card (RTM), a consensus has not been reached with some franchises keen on continuing and others against it. The BCCI too believes RTM should be done away with as two new teams are in the fray.

    While retaining players will undoubtedly leave the two mew teams weaker at the auction pool, the BCCI has decided to introduce a draft system for Lucknow and Ahmedabad alone.

    According to an official privy to developments, once the other eight franchises decide on their retention list and release other players into the auction pool, the two new teams will be allowed to pick up to three players in a draft system.

    Lucknow will get the first pick because they made the highest bid at the franchise auction. The two teams will be allowed to pick two Indian and one overseas player as the BCCI is still formulating what the retention fee will be for each of these players including ones who will be retained. The final say on retention is on the players and for those who are picked at the draft, the consent of the player will be sought before signing.

    These are likely to be finalised in the coming days and several top players are understood to be keen on being released by their respective franchises. While the likes of Virat Kohli, Devdutt Padikkal, Rohit Sharma, Jasprit Bumrah, Ishan Kishan, Rishabh Pant, Prithvi Shaw, Ravindra Jadeja, Ruturaj Gaikwad are set to be retained, others could find themselves back in the auction pool.

    According to an official, several Indian players are understood to be waiting for the BCCI to finalise the retention fee before deciding whether they will be part of the auction or not.

    At least one franchise found it hard to convince one of their top Indian players to stay back and has come to the acceptance that he won’t continue. Two other teams are still negotiating with their players and remain hopeful that they will agree.

    There are also whispers that one of the leading franchises may spring a surprise and release their star player if it decides to build a team with an eye on the future. The said player is already of big interest to the Lucknow franchise as a clearer picture is expected in the next couple of days.

    The reason why many are keen on going back to the auction pool is that in case they happen to be the third player on the retainer list, they stand to earn not more than Rs 8 crore as there are two more teams. But given it is a bigger auction and teams have to build a full squad, they may not fetch a big amount.

    In recent times, the costliest ones have all been from the mini-auctions, which some franchises have also mentioned in their negotiations with players. Among overseas players, David Warner had already told SEN Radio that he will be in the auction pool.

  • I see new IPL teams going for Rs 3000-4000 crore: Punjab Kings co-owner Ness Wadia

    By PTI

    NEW DELHI: Punjab Kings co-owner Ness Wadia feels Rs 2000 crore base price for two new IPL teams is a conservative number which should go up by 50 to 100 per cent during bidding. The new franchises will be announced on October 25, making the IPL a 10-team affair.

    Speaking to PTI, Wadia said the addition of the teams will lead to appreciation of the IPL’s value as well as the existing franchises.

    “The minimum base price is Rs 2000 crore at the moment, it will go for quite a lot more. Based on my little experience and knowledge of the IPL, 2000 is very conservative and I wouldn’t be surprised if it went up a minimum of 50 to 100 percent more than that. I would expect at least Rs 3000 crore plus. Everyone wants to be a part of IPL but only a handful can be a part of it,” said Wadia.

    Asked if there are concerns that the existing teams might have with the addition of more outfits, Wadia said: “There are no concerns at all. It is good that two new teams are being introduced.I also feel IPL is a premium product and with the limited number of teams, the value of all the franchises will go up after the addition of new franchises. Bringing in 10 teams will bring more width and depth to the IPL.”

    “There have been eight teams for majority of the IPL history and and after this, I don’t see more teams coming into the league for at least five to seven years. It will be very good for the broadcasters also. I see it as a big positive,” he said.

    Wadia feels new teams will also make the IPL a stronger product. “IPL is the jewel in the crown of the BCCI and therefore the jewel will get the right value. Since there can only be two new teams, then automatically the value of existing franchises also goes up. It is a closed league and the beauty of today is that you have a fixed asset which not only gives you appreciation, on a yearly basis, but also consistent yearly revenue,” he said.

    “You have got money coming in, approximately Rs 250 to 300 crore a year, and that is the inflow coming into your pocket apart from the appreciation of the asset. It is a like a building in a prime location and all around you people are developing, so value of your asset goes up too,” he added.

    The new entrants will naturally be looking for star Indian players to be their face. The mega auction before the 2022 season will see many India and foreign stars go back to the auction pool.

    Referring to retention of players and the right to match card, Wadia hoped the BCCI will make it fair for all participants. “I don’t know what (BCCI is planning for the auction). Whatever is done should be fair and equitable to the new teams coming in as well as the existing teams,” he said.

    The IPL has also been expanding its wings overseas, mainly in the CPL where three teams — St Lucia, Trinidad and Tobagao and Barbados — are owned by IPL owners. Punjab Kings own the St Lucia franchise.

    Wadia won’t be surprised if more IPL owners follow the same path. “It benefits cricket and I am happy that three IPL team owners are involved and that will extend to other teams sooner than later. It all depends on the opportunity. We were looking at CPL for a while, when we felt it made business sense to invest in it, we did,” he added.