IPL 2022: Lucknow, Ahmedabad allotted 33cr budget to pick 3 players from pool at start of auction

The BCCI has set the retention window for the eight older franchises from November 1-30, and the window for Lucknow and Ahmedabad is from December 1-25. The amount is an increase from the IPL 2021 auction as then the purse was of Rs 85 crore.

PTI
**EDS TWITTER IMAGE POSTED BY @IPL. Dubai: Indian Premier League (IPL) bid verification process underway in Dubai. (PTI Photo)(
The two new Indian Premier League (IPL) franchises -- Lucknow and Ahmedabad -- have been allotted a budget of Rs 33 crore to pick three players who go back into the pool before the mega auction begins.

In the mail sent by the Board of Control for Cricket in India (BCCI) to all the franchises, the rules have been formally conveyed and the salary purse for all the teams has been set at Rs 90 crore.

The amount is an increase from the IPL 2021 auction as then the purse was of Rs 85 crore.


The eight existing franchises (CSK, KKR, RCB, Mumbai Indians, Delhi Capitals, Rajasthan Royals, Punjab Kings and SunRisers Hyderabad) have been allowed to retain up to four players.

The BCCI has set the retention window for the eight older franchises from November 1-30, and the window for Lucknow and Ahmedabad is from December 1-25.

If one of the eight existing franchises decides to retain four players, then they will be debited Rs 16 crore for the first player, Rs 12 crore for the second player, Rs 8 crore for the third player, and Rs 6 crore for the fourth player and the total deduction will be 42 crore.
ADVERTISEMENT

For all ten franchises, the amounts for retaining either three, two, or one player are the same. If they decide to retain three players then the slabs are -- Rs 15 crore, Rs 11 crore, and Rs 7 crore, and the total will equal upto 33 crore.

If franchises decide to retain just two players, then the slabs are -- Rs 14 crore and Rs 10 crore. For only one player, Rs 14 crore will be deducted from a franchise's auction purse.

For the eight franchises, rules have been set that they cannot retain more than three Indians (capped/uncapped). They cannot retain more than two overseas players and not more than two uncapped Indian players.

For the two new franchises -- Lucknow and Ahmedabad -- they cannot pick more than two Indian players (capped/uncapped). They cannot pick more than one overseas player and more than one Indian uncapped player.
ADVERTISEMENT
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › News › Sports › IPL 2022: Lucknow, Ahmedabad allotted 33cr budget to pick 3 players from pool at start of auction
Text Size:AAA
Success
This article has been saved

*

+