The decision taken was that a team can retain a maximum of three capped Indian players, maximum number of two overseas players and/or maximum number of two uncapped Indian players. Dhoni had played for the Rising Pune Supergiants (RPS) in the last two editions. Each squad can have a maximum of 25 players (with up two overseas players) and a minimum of 18 players.
In the subsequent years, the franchises will be allowed to shell out Rs 82 crore (in 2019) and Rs 85 crore (in 2020). The player pool available for CSK and RR for retention/RTM will be the players' who played for them respectively in IPL 2015 and who were part of Rising Pune Supergiant and Gujarat Lions squads in IPL 2017.
The IPL Governing Council had allowed a maximum of either three retentions or three Right To Match (RTM) at the discretion of the franchises. To further explain the math, the first player to be retained pre-auction will get Rs 15 crore, the second player will get Rs 11 crore and and third Rs seven crore. A right-to-match card gives the franchise the ability to buy back its player during the auction by matching the highest bid made for the player by another franchise, once the bidding is over. The franchises are now allowed to spend up to Rs 80 crore in 2018, compared to Rs 66 crore in 2017.
India Holds Rates as Inflation Nears Central Bank's Target
The central bank said its repurchase rate, or the short-term lending rate for commercial banks, has been maintained at 6 per cent. The decision was executed with a majority vote of 5 out of 6 in favor of the monetary policy decision, while Dr.
The minimum spend will be 75 per cent of the salary cap for each season.
IPL chairman Rajiv Shukla said all decisions were taken after reaching a consensus with the teams. For uncapped players, they are Rs 20 lakh (Rs 10 lakh), Rs 30 lakh (Rs 20 lakh) and Rs 40 lakh (Rs 30 lakh).
There was also an upwards revision in the base prices of players at the auction.
The salary of players retained before the auction has also been altered in parts. For the capped players, the mappings are as follows - from INR 30 lakh to INR 50 lakh; from INR 50 lakh to INR 75 lakh; base prices of INR 1 crore, 1.5 crore, and 2 crore remain the same. However, with the combination of retention and RTM methods coming into play, the governing council has provided new guidelines depending on the number of players retained before the auction.