IPL trophy
IPL trophy

While cricket fans across the globe are anxiously waiting for Phase-2 of Indian Premier League (IPL) 2021, the top brass of the Board of Control for Cricket in India (BCCI) is busy preparing for the mega auction to be held later this year.

IPL 2022 Retention Rules

  • A team is set to be allowed to keep up to three Indian(capped/uncapped) and two foreign players with the total number of retentions not exceeding four.
  • It has clearly said that a team cannot keep more than two uncapped players.
  • As per the conditions, the team management can either retain three Indian players and one overseas player or two Indian players and two overseas players.
  • Two New IPL teams can pick any 2 Indian and 1 foreign player from the Mega auction pool before the start of the auction 2022.
  • Also, new teams can pick only one uncapped player before the auction.
  • There will also be no Right to Match (RTM) cards for the IPL 2022 Mega Auction.

IPL 2022 Salary Cap

BCCI also explained the salary cap for the retained players based on the team’s decision of the number of players retention.

  • If a team retains 4 players, Rs 42 crore will be cut from the player purse.
  • If a team retains 3 players, Rs 33 crore will be cut from the player purse.
  • If a team retains 2 players, Rs 24 crore will be cut from the player purse.
  • If a team retains only one player, it will lose Rs 14 crore from its purse value.
  • Each uncapped player retained will cost Rs 4 crore each.

If a team retains 4 of its player then the salary cap of the four players will be as follows:

*below mentioned will be the player’s annual salary

Deductions for 4 PlayersINR 42 Cr(Total)
Player 1INR 16 Cr
Player 2INR 12 Cr
Player 3INR 8 Cr
Player 4INR 6 Cr

 

If a team retains 3 of its player then the salary cap of the three players will be as follows:

3 players deductionINR 33 Cr(Total)
Player 1INR 15 Cr
Player 2INR 11 Cr
Player 3INR 7 Cr

 

If a team retains 2 of its player then the salary cap of the two players will be as follows:

2 Players deductionINR 24 Cr(Total)
Player 1INR 14 Cr
Player 2INR 10 Cr

 

If a team keeps only one player, then the team has to pay a total of INR 14 crores

1 Player deductionINR 14 Cr

IPL 2022 Mega Auction

*Stay tuned and refresh the page for latest updatesLatest on top

Auction Updates – Player Auction

  • MS Dhoni requests CSK not to retain him inorder to build a future CSK team. MS Dhoni doesn’t want CSK to lose money trying to retain him”, says N Srinivasan
  • The window for 8 IPL teams to retain players is from November 1 to November 30 and 2 new IPL teams pick players from December 1 to 25.
  • The likely deadline date for IPL retention will be December 3rd.
  • Shreyas Iyer is preparing to leave Delhi Capitals. Iyer is keen to become captain that’s why he wants to enter the auction.
  • A team is set to be allowed to keep up to three Indian and two foreign players with the total number of retentions not exceeding four.
  • As per the conditions, the team management can either retain three Indian players and one overseas player or two Indian players and two overseas players.
  • It has also been conveyed to the existing eight franchises that the two New IPL teams can pick any 3 players from the Mega auction pool before the start of the auction 2022.
  • Shreyas Iyer is unlikely to be a part of the Delhi Capitals set up in the next year’s IPL.
  • David Warner Confirms that he’ll be putting his name in the Mega auction for the IPL 2022.
  • Hardik Pandya is unlikely to be retained by Mumbai Indians for IPL 2022. Rohit Sharma, Jasprit Bumrah, and Kieron Pollard could be MI’s retentions.
  • “There are many players apart from KL Rahul, firstly. One player does not make up a team, I’ve always said that. Any team that hinges too much on one player, that does prove beyond a point liability.” – Punjab Kings Co-owner.
  • IPL teams will be allowed to retain 4 players for IPL 2022.
  • KL Rahul is likely to part ways with Punjab Kings before IPL 2022.
  • BCCI decides to organize the much-awaited IPL 2022 mega auction in December.

Auction Updates – Team Auction

  • BCCI & CVC Capital have resolved all issues. After several hours of discussion, BCCI has deemed CVC Capital ‘fit & proper’ to own an IPL franchise. CVC just signed a Letter of Intent (LOI) with BCCI to own the Ahmedabad franchise.
  • CVC Capital who purchased one of the IPL teams are in trouble as BCCI has come to know, they’ve invested in betting companies. As Gambling and betting are banned according to Indian laws, the legalization of the new team gets in trouble.
  • The BCCI gets a whooping 12,690cr (1.7 Billion dollars) from the sale of 2 New IPL Teams.
  • The RPSG bid was 250% more than BCCI’s base price of INR 2000 Crores. The corresponding figure for CVC Capitals was 160% more than BCCI’s base price for the IPL team.
  • The exact winning bid for the new two IPL teams are:
    • RP – Sanjiv Goenka Group – 7,090cr for Lucknow team
    • CVC Capital – 5,600cr for Ahmedabad team.
  • CVC Capital for Ahmedabad and RP Sanjiv Goenka Group for Lucknow are the owners of the new teams in IPL 2022.
  • Adani Group put on bid till 5,000cr, Manchester United owners didn’t close the 5,000cr mark
  • No Adani and Machester United owners for IPL 2022.
  • CVC Capital have put on the 2nd highest bid of 5,200cr.
  • Lucknow and Ahmedabad officially have an IPL team now.
  • Goenka Group has bid the highest at 7,000cr in the IPL 2022 new team auction.
  • Ahmedabad and Lucknow are the two new IPL teams, BCCI is yet to announce officially.
  • The final stage of bidding is underway, 9 bidders in the financial bidding.
  • Manchester United owners bid has been technically approved.
  • Two new IPL teams are likely to be announced by 5.30 PM IST.
  • “Adani Group Favourites for Ahmedabad As the Home Venue.” – According to a report.
  • City names and their Home venues for the two new IPL teams in IPL 2022.
IPL 2022 Stadium
IPL 2022 Stadium capacity list
  • The bidding process is over and waiting for the official announcement. Anytime now the new two teams’ names will be officially announced.
  • Bid Submission is done. And verification process is underway here in Dubai. The big announcement soon. – IPL Official
  • “Ten Parties submitted bids for the two new IPL teams.” – According to a report
  • “Reports trickling in of Rhiti Sports” bid for the new IPL teams disqualified from the auction.”
  • Adani Group and Manchester United owners are likely to get two new IPL teams.
  • The owners of Manchester United are front-runners to get an IPL team in next season.
  • Ahmedabad, Lucknow or Indore likely to be the home venue for two new IPL teams.
  • Manchester United owners are one of the ones who submitted the highest bid for an IPL team.
  • The result for two new IPL teams is likely to come around 3 pm IST.

Update:

  • The auction for 2 new IPL teams is likely to be held on October 17th.
  • Sanjiv Goenka likely to buy the Lucknow team for IPL 2022.
  • Two new IPL teams will be announced on 25th October.
  • The IPL Media Rights tender for the cycle 2023-2027 will be released immediately after the appointment of two new IPL teams.
  • BCCI decides to organize the much-awaited IPL 2022 mega auction in December.
  • Punjab Kings co-owner believes two new IPL teams would go around 3,000cr to 3,500cr.
  • BCCI official said, “The interest for the two new IPL teams is better than we expected. We are surprised by the response. We expect the bid to go beyond 3500 crore range for each team”.
  • KL Rahul is likely to part ways with Punjab Kings before IPL 2022.
  • A report suggests that “If BCCI allows 4 retentions to IPL teams in IPL 2022 mega auction then there’ll be no RTM card available”.
  • IPL teams are likely to be allowed to retain 4 players – 3 Indians and 1 overseas or a maximum of 3 Indians and a maximum of 2 overseas.
  • Two new IPL teams will be allowed to pick players from outside depending on how many retentions are allowed for 8 teams.
  • A top European football club, a venture capitalist group that owns the rugby league in Europe and ran the Formula One previously and an Orissa-based industrial house that produces steel, power and coal are one among the new additions to the list of aspirants to own an Indian Premier League (IPL) franchise.
  • The sale of two new IPL teams will be held at Dubai on October 25th.
  • Manchester United owners – Glazer Family has shown interest for the new IPL teams and that’s the reason why BCCI has extended the dates for bidding on the new IPL teams.
  • 17 to 18 Parties have submitted Tender for the new IPL team in next year 2022:-
      • Sanjeev Kumar – RPSG.
      • Glazer Family – Manchester United Owners.
      • Naveen Jindal – Jindal Power & Steel.
      • Adani Group
      • Torrent Pharma
      • Ronnie Screwvala
      • Aurobindo Pharma
      • Kotak Group
  • Bollywood superstar couple Deepika Padukone & Ranveer Singh are set to bid for the two new IPL teams for the 2022 season.
  • BCCI is likely to get a whopping 36,000 crore for 5-year broadcasting rights from 2023 to 2027.
  • The home cities for two new IPL teams are likely to be from Ahmedabad, Lucknow, Guwahati, Indore, Cuttack, Dharamsala
  • Manchester United owners are one of the ones who submitted the highest bid for an IPL team.

The mega auction is a major boost for franchises that want to rebuild their squads. With two new teams likely to be added to IPL’s roster from 2022, the mega auction has become even more interesting.

As reported by the TOI, ahead of next year’s mega auction, the franchises would be allowed to retain a maximum of four players each.

As per the conditions, the team management can either retain three Indian players and one overseas player or two Indian players and two overseas players.

The franchises would deduct the salaries of these four players before entering the auction. With two new teams, the BCCI will also increase the purse from 85 crores to 90 crores which means an additional 50 crores would be added to the budget of all ten franchises by the BCCI.

In case if a franchise retains three players, Rs 15 cr, Rs 11 cr, and Rs 7 cr would be the salary structure of those players, Rs 12.5 cr and Rs 8.5 cr if two players are retained; and Rs 12.5 cr if only one player is retained. 

“Some players may like the idea of not wanting to be retained and will want to head into the auction pool. That’s because there’s an increase in the salary purse and two new teams are being added. So, there’ll be a rush to grab talent. Expect some leading Indian cricketers to forward their names for the auction,”  those tracking developments told TOI.

Initially, the mega auction was to be held ahead of IPL 2021 but with franchises suffering losses due to the pandemic and also with not much time gap between IPL 2020 and 2021, the mega auction was postponed by a year.

Meanwhile, the Rishabh Pant-led Delhi Capitals were leading the team standings at the time of season suspension with six wins in eight games.

While Royal Challengers Bangalore and Chennai Super Kings each won five of their seven matches, defending champions MI got over the line four out of seven times. These four sides are the front-runners to get a place in the playoffs and it would be interesting to see if any major turn of events take place.