IPL retention process initiated by BCCI, Rs 20 crore increase in…

NEW DELHI: With the focus on the retention process, the Board of Control for Cricket in India (BCCI) has initiated the talks with Indian Premier League (IPL) franchises and is likely to finalise the policy by the end of this month, a Cricbuzz report said.
With a mega auction scheduled for later this year, the board has begun with the process and has sought the view of franchise CEOs.
Besides the retention policy, the board has also sought franchises’ views on salary cap for the next three years.
In the report, Cricbuzz stated that the ‘BCCI is expected to maintain the Impact Player rule for the time being’.
On the agenda of retention, the BCCI have had multiple opinions.
While most of the franchises ‘requested 5-7 retentions’, there was a franchise that had the view of 8 retentions.
Some franchises threw in the idea of ‘no retention at all,’ the report said.
In the 2021 IPL auction, all the franchises were allowed to retain a maximum of four players.
There were also varied opinions on the purse for the franchises.
While the current cap is Rs 100 crore, an increase of Rs 20 crore is a possibility in the next auction.
In the 2021 auction, the Right To Match (RTM) cards weren’t used and the BCCI also asked the franchises for their view on the matter.
The meeting between the board and the franchise CEOs is expected by July end as some of them are currently unavailable.