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Tag: IPL retentions

  • IPL retentions: David Warner, Jonny Bairstow not retained by Sunrisers Hyderabad

    By ANI

    NEW DELHI: Indian Premier League (IPL) franchise Sunrisers Hyderabad (SRH) has not retained star openers David Warner and Jonny Bairstow ahead of the mega auction of the upcoming season. All the eight IPL franchises will reveal the list of their retained players later today. SRH thanked all the players ahead of the event on Tuesday.

    “We thank the players for their contribution to SRH over the years. This is not a goodbye, as we hope to welcome back some Risers in the auction,” SRH captioned the post on Instagram. Commenting on the post, Warner express gratitude towards the fans and penned an emotional note confirming he won’t play for SRH in the upcoming season.

    “Thanks to all of you for your support over the years, up and downs, my family and I can’t stress enough how much we appreciated the love and passion you showed towards us and the team. Candice and I truely wish all the fans the very best for the future and hope who ever you wish to support the best. Love the Warner’s,” Warner said.

    Bairstow, the England opener, also thanked fans for the support during his stint with SRH. “Thank you all for your support! Hopefully at some point our paths cross again in the future,” Bairstow commented on the post.

    The two new Indian Premier League (IPL) franchises — Lucknow and Ahmedabad were allotted a budget of Rs 33 crore to pick three players who go back into the pool before the mega auction begins.

    In the mail sent by the Board of Control for Cricket in India (BCCI) to all the franchises, which had been accessed by ANI, the rules were formally conveyed and the salary purse for all the teams was set at Rs 90 crore.

    The amount is an increase from the IPL 2021 auction as then the purse was of Rs 85 crore. The eight existing franchises (CSK, KKR, RCB, Mumbai Indians, Delhi Capitals, Rajasthan Royals, Punjab Kings and SunRisers Hyderabad) have been allowed to retain up to four players.

    The BCCI had set the retention window for the eight older franchises from November 1-30, and the window for Lucknow and Ahmedabad is from December 1-25.

    If one of the eight existing franchises decides to retain four players, then they will be debited Rs 16 crore for the first player, Rs 12 crore for the second player, Rs 8 crore for the third player, and Rs 6 crore for the fourth player and the total deduction will be 42 crore.

    For the eight franchises, rules have been set that they cannot retain more than three Indians (capped/uncapped). They cannot retain more than two overseas players and not more than two uncapped Indian players.

    For the two new franchises — Lucknow and Ahmedabad — they cannot pick more than two Indian players (capped/uncapped). They cannot pick more than one overseas player and more than one Indian uncapped player.

  • 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.

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    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.