The 10 IPL franchises will be allowed to retain a maximum of six players from their previous squads, which will include one Right To Match (RTM) card at the auction which will cost Rs. 75 crore out of an enhanced team purse of Rs. 120 crore, the Indian Premier League governing council decided on Saturday. A team was allowed up to four retentions in the last mega auction held in 2022.
On the day, 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.
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