IPL teams will have to submit the list of retained players by November 15
The 10 Indian Premier League (IPL) franchise teams have been asked to submit their retained players list by November 15. A senior official of a franchise gave this information on Sunday. The Board of Control for Cricket in India (BCCI) is understood to have started preparations for the next season of the IPL and a small auction will be held in Bengaluru in the third week of December. It is also learned that the ceiling of total salary for the next session is also likely to be increased from Rs 90 crore to Rs 95 crore.
During the auction, the franchisees can bid for the players and they will have the amount in their account that was left with them after spending on the players in the last big auction. Apart from this, the amount given to the players who have sent them back in the auction will also be added to their account. It is expected that most of the franchises will keep 15 core players and the rest will be sent to auctions which will have at least Rs 10 crores for them to bid.
After the last auction, Punjab Kings and Chennai Super Kings are left with Rs 3.45 crore and Rs 2.95 crore respectively while Lucknow Supergiants have spent their full amount. Delhi Capitals, Mumbai Indians and Sunrisers Hyderabad have Rs 10 lakh left from last season while defending champions Gujarat Titans have Rs 15 lakh. Kolkata Knight Riders has Rs 45 lakh left while Rajasthan Royals has Rs 95 lakh. Royal Challengers Bangalore has Rs 1.55 crore left.
