Education News

IPL Auction: Franchises will Spend Rs 75 Crore on Five Retained Players.

Franchises that exercise all five retention options will have to allocate Rs 75 crore from their total budget for the auction, which could reach Rs 115-120 crore.

IPL Auction: According to sources, the IPL Governing Council has agreed to allow each franchise five retentions. Franchises that exercise all five retention options will have to allocate Rs 75 crore from their total budget for the auction, which could reach Rs 115-120 crore. This is in contrast to the Rs 90 crore spent during the last mega IPL auction in 2022.

It is understood that most of the stronger franchises like Mumbai Indians, Kolkata Knight Riders and Sunrisers Hyderabad were in favour of retaining six to eight players while there were some other franchises that do not have much star power.

There will also be Right to Match (RTM) provisions, but there is no immediate information about the exact number for this. The other important decision taken in the GC was the introduction of match fees for players. The match fee has been fixed at Rs 7.5 lakh for both Indian and foreign players and will be paid by the franchise.

BCCI secretary Jay Shah has announced that a cricketer who features in all the league matches during a season will be paid Rs 1.05 crore in addition to his contracted salary. The announcement was made after the IPL Governing Council meeting held in Bengaluru on Saturday, September 28.

Also Read: Gaur Gopal Das; Motivational Speaker on Overcoming Stress, From Electrical Engineer to Monk

CMI Times Web Desk

Recent Posts

UP MSP UP Board Result 2025 Out: Direct Link to Download Result

UP MSP UP Board Result 2025 Live Updates, upmsp.edu.in, upresults.nic.in: UP Board 10th 12th result…

9 hours ago

UPMSP UP Board 10th 12th Result 2025 Update: UP Board 10th 12th Result Today

UPMSP UP Board 10th 12th Result 2025: After the release of UP Board 10th 12th…

13 hours ago

CLAT UG 2025: Delhi High Court Orders Revision of Marksheet and Republishing of Results

CLAT UG 2025 Results: The Delhi High Court on Wednesday directed the Consortium of National…

1 day ago

NEET UG 2025 City Intimation Slip Released at neet.nta.nic.in

NEET UG 2025 City Intimation Slip:The National Testing Agency (NTA) has officially released the NATIONAL…

1 day ago

JEE Advanced 2025 Application Process Begins, Know How to Apply

JEE Advanced 2025 Application: Indian Institute of Technology Kanpur (IIT Kanpur) is starting the application…

2 days ago

Pahalgam Terror Attack: PM Modi Chaired a High-Level Meeting of the Cabinet Committee on Security (CCS) today.

Pahalgam terror attack live: PM Modi on Wednesday chaired a high-level meeting of the Cabinet…

2 days ago