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Salary Cap of Retained Players (For Existing Franchises) And Picks (For New Franchises) [6] [7] No. of players retained Salary Cap for retentions Total amount to be spent Player 1 Player 2 Player 3 Player 4 4 ₹ 16 crore (US$1.9 million) ₹ 12 crore (US$1.4 million) ₹ 8 crore (US$940,000) ₹ 6 crore (US$700,000) ₹ 42 crore (US$4.9 million) 3
The Indian Premier League (IPL), also known as Tata IPL for sponsorship reasons, is a men's Twenty20 cricket league held annually in India. [3] Founded by the BCCI in 2007, the league features ten state or city-based franchise teams. [4] It is the most popular and richest cricket league in the world and is held between March and May.
The salary deduction for every retained player from the franchise's salary purse was stipulated to be ₹ 15 crore, ₹ 11 crore and ₹ 7 crore if three players were retained; ₹ 12.5 crore and ₹ 8.5 crore if two players were retained; and ₹ 12.5 crore if only one player was retained.
The IPL 2023 auction was conducted on 23 December 2022 in Kochi. [11] A total of 405 players were available for auction including 273 Indian and 132 foreign players. [11] 87 places were available to be filled across the ten teams. [12]
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Salary From To Date Ref Quinton de Kock ₹ 2.8 crore (US$323,514.00) Royal Challengers Bangalore: Mumbai Indians: 19 October 2018 [2] Mandeep Singh ₹ 1.4 crore (US$161,757.00) Royal Challengers Bangalore: Kings XI Punjab: 28 October 2018 [4] Marcus Stoinis ₹ 6.2 crore (US$716,352.50) Kings XI Punjab: Royal Challengers Bangalore [4] Shikhar ...
Prior to the auction, teams could release players and retain those that they wanted for the next season. The salaries of the released players would be added to the salary purse of the teams which was increased to Rs. 63 crores for the 2015 edition. The salaries of the retained players was deducted from this purse. [2]
IPL franchise could sign Indian players at any time. [19] The base price for was fixed at $50,000 for the Ranji Trophy players and $20,000 for those having not played the Ranji Trophy. Franchises had to pick minimum four under-22 Indian players from their designated catchment area in their squad.