IPL Introduces Record-breaking Purse Value and Retention Rules for Mega Auction: Report

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As per a recent report by Sports Tak, franchises in the upcoming season will have a substantial purse of INR 120 crore, marking a significant 33.34% increase from the INR 90 crore allocated in the previous mega auction in 2022. The retention slab has been identified as a challenging aspect of the pre-auction rules, as highlighted in the report.

If a franchise retains five players ahead of the mega auction, reportedly set to be held in November with the venue yet to be decided, they will have to shell out INR 75 crore from their total purse.

The breakdown of the retention slab, however, stands as follows:

1st retention: Rs. 18cr

2nd retention: Rs. 14cr

3rd retention: Rs. 11cr

4th retention: Rs. 18cr

5th retention: Rs. 14cr

The total value on the retention slab is a sharp increase from the amount set for the 2022 auction, where a franchise, retaining four players (permitted limit) will be debited INR 42 crore, with the breakdown being: INR 16 crore for the first, INR 12 crore for the second, INR 8 crore for the third and INR 6 crore for the fourth.

The report further revealed that, given the '5+1' rule set for the auction, if a franchise does not retain five players, it can use the RTM option for the remainder of the slots. For example, a team can use the RTM option for three players if it retains only three. There are also no cap on number of Indian and overseas players that a team can retain.

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