The Indian Premier League will be reaching up to its 7rth season with the upcoming 2014 championship. According to sources the IPL 7 team composition would be determined by a fresh auction that would be held in the coming year. The auction format is mostly the same as that of this year but it’s just that the IPL council has incorporated some significant tweaks in the existent auction protocol for the league. Are you intrigued to know about latest updates on the 2014 IPL auction? Well, here goes a brief highlighting on the chief aspects of the soon to start auction event.
The IPL governing council has already declared the date for the auction. It’s going to be held on February 12 and might stretch to February 13, if necessary. The governing body would soon confirm about the auction venue.
- Every IPL player, uncapped or capped/ Indian or overseas, has to sit for the auctions- the retained players are the only exceptions.
- Each squad will have minimum sixteen & maximum 27 players- 9 of whom should be from overseas.
The IPL 7 franchises are allowed to retain up till 5 players in advance who won’t be traded in the auction. The retained players could be capped or uncapped. In regards to capped players, the salary would vary from 12.5 crores INR to 4 crore. The uncapped retained cricketer would be getting 4 crore INR. The franchise retaining all the capped 5 players, would have to pay up the remaining players of the squad with the left 21 crore INR balance.
Unlike the previous IPL auctions where the payments were decided on dollars, this time, the payment would be given in terms of INR.
The IPL 2014 has introduced a new rule called “right to match” for the franchises where the team owners have the right to buy back the “sold” players.