But that won't be the only move you will hear from the MI camp. To make this all-cash deal work, MI will pay Gujarat Titans ₹15 crore, Pandya's current worth.
They will also have to release players worth at least ₹9.95 crore to make it possible on technical grounds.
It brings us to the capped player salary purse Indian Premier League's (IPL) unique differentiator from football leagues - that limits the spending power of franchises. MI may be owned by Reliance, but they currently have a purse of only ₹5,00,000 from the last auction. Each year, the franchise's spending power goes up by ₹5 crore teams will have ₹100 crore in the upcoming auction. So, MI are left with ₹5.05 crore, without accounting for the new player trades.
This story is from the November 26, 2023 edition of Hindustan Times.
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This story is from the November 26, 2023 edition of Hindustan Times.
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