October 31 Deadline for IPL Franchises to Submit List of Retained Players: Report

The IPL Governing Council on Saturday rolled out the retention guidelines ahead of the mega players’ auction. Now, the 10 franchises will have to reveal the list of retained players by the end of next month.

According to Cricbuzz, all ten teams will have to finalize and submit the list of retained players by 5 PM IST on October 31, 2024. The report further stated that any player who gets capped on or before October 31, 2024, will be considered a capped player.

According to the IPL Governing Council’s official statement, the 10 IPL franchises will be allowed to retain a maximum of six players from their previous squads, including usage Right To Match (RTM) card at the auction that will cost Rs 75 crore out of an enhanced team purse of Rs 120 crore.

India players who haven’t played any international game for at least five calendar years will deemed ‘uncapped players’ as per the new set of retention guidelines.

Earlier on Saturday, 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 Retention Value

The IPL statement didn’t mention the exact retention valuation. But according to PTI, ‘The first retention will cost Rs 18 crore followed by second retention of Rs 14 crore and third retention of Rs 11 crore. If a franchise opts for fourth and fifth retention, they will again have to pay Rs 18 crore and Rs 14 crore respectively.’

“If a franchise opts for all five retention of capped players, then will have only Rs 45 crore to buy or even use their RTM card to buy another 15 players and prepare a squad. There is no cap on Indian and overseas retention,” stated the PTI report.

Ban on Players on Withdrawal

Select English and Australian players have time and again ditched their franchises after getting picked at the auction, often citing fatigue and other priorities. The BCCI is now planning to impose a 2-year ban on any player who withdraws after being picked at the auction.

Specifically, for overseas stars, if they don’t register for an auction during a year, they can’t participate for another two years.

(With Agency Inputs)