IPL GC hikes player salary cap for franchises to Rs 80 crore

Indian Premiere League IPL

Moreover, CSK has also announced MS Dhoni as their skipper which means they will surely retain the stalwart. They were keenly waiting for the decision from the IPL Governing Council about the number of players a team can retain, and the final decision arrived on Wednesday. RTM refers to a franchise's right to match the highest bidder for a player it is interested in.

"The player pool available for CSK and RR for retention/RTM will be the players' who played for them respectively in IPL 2015 and who were part of RPS and Gujarat Lions squads in IPL 2017", he added.

"Kohli and Dhoni felt it wasn't right and BCCI should keep a salary cap on these uncapped players", a source in the BCCI informed, according to The Indian Express.

Though there has never been any doubt that Dhoni prefers Bravo, the West Indian all-rounder has been missing worldwide cricket for quite some time due to injury. If a player (X), who played for team (Y) in the previous season, is acquired by another team (Z) in the auction, Y can use their RTM card and get X for the same amount of money for which Z bought him.

Can we hope to see a set of rules for player retention for the coming years being frozen, more so with the Supreme Court-appointed Committee of Administrators watching? It will further increased to Rs 82 crore in 2019, and to Rs 85 crore in 2020. "The minimum spend will be 75 per cent of the salary cap for each season", the BCCI stated.

So who are the players CSK and RR can get back?

The meeting also resolved the issue of player retention. But the IPL GC made a decision to not complicate the things any more and went ahead with the tried and tested formula.

Of the five players, a franchise can retain a maximum of three through retention in the lead up to the auction, and a maximum of three through right-to-match cards during the auction.

Mumbai: The Indian Premier League is renowned not only for its glamour, but is also one of the biggest T20 leagues around the globe when it comes to money. Because there has been an upwards revision in the base prices of players. If a team retains two players before the auction, the first player will be given a salary of Rs 12.5 crore, while the second retained player will be acquired at a salary of Rs 8.5 crore.

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