IPL GC allows 5 retentions and 1 RTM, with big rider
The Free Press Journal|September 29, 2024
The 10 IPL franchises will be allowed to retain a maximum of six players from their previous squads, which will include one Right To Match (RTM) card at the auction which will cost Rs 75 crore out of an enhanced team purse of Rs 120 crore, the Indian Premier League governing council decided on Saturday.
IPL GC allows 5 retentions and 1 RTM, with big rider

A team was allowed up to four retentions in the last mega auction held in 2022.

On the day, BCCI secretary Jay Shah also announced a fixed match fee of Rs 7.50 lakh for all players selected to play the league games with an additional 1.05 crore income over and above their salaries.

A fixed salary purse of Rs 12.60 crore in addition to the auction cum retention purse of Rs 120 crore will have to be kept by the franchises for next season.

"The first retention will cost Rs 18 crore followed by second retention of Rs 14 crore and third retention of Rs 11 crore.

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