The Indian Premier League is arguably the biggest event in T20 cricket and the brand just keeps getting bigger and more lucrative. The 2021 edition of the tournament, held in two separate phases, in India and then in the UAE, was highly successful despite the Covid-19 pandemic causing a postponement. The IPL 2022 edition is expected to be even grander with the entire tournament likely to happen in India and with the cricket-crazy crowd present in the stadiums. The IPL 2022 mega auction is almost upon us and IPL teams are gunning for retentions and figuring out the salary cap of players etc. But what exactly is IPL retention and what are its rules?
Before we get into that, let’s first talk about the IPL 2022 mega auction, which is a festival in its own way. The mega auction for the IPL has already attracted an immense response from the fans and experts, with countless debates and discussions happening all over social media.
What is IPL 2022 mega auction?
An IPL mega auction that usually takes place after every three years, was postponed from last year due to the lack of preparation time for the franchises after Covid-19 pandemic disrupted the cricket calendar. According to reports, this could be the last time a mega auction is held for the tournament.
From the IPL 2022 edition, the marquee league is expanded to 10 teams, with Lucknow and Ahmedabad added to the existing IPL teams. To integrate the new franchises in the league seamlessly, the board has tried to provide them a level playing field, which includes the mega auction and draft picks. With November 30 being the deadline for eight existing franchises to confirm their retentions, here we take a look into retention rules and the draft.
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What is IPL Retention?
The Board of Control for Cricket in India (BCCI) has already informed the franchises of all the guidelines and rules for the mega auction. The total salary purse allotted to each franchise for the Indian T20 League 2022 is set at Rs 90 crore, which is increased from Rs. 85 crore for the 2021 edition.
Each of the eight existing IPL franchises has an option to secure up to four of their players via the retention system. The teams are within their rights to retain a maximum of four players or opt out for a complete revamp.
The franchises can retain players in any combination of a maximum of three Indian players (capped or uncapped), maximum of two overseas players and a maximum of two uncapped cricketers.
If a franchise opts to retain four players, the total salary deduction will be Rs. 42 crore. The first player will get 16 crores, the second one will receive Rs. 12 crore, the third player will come at Rs. 8 crore while the fourth pick will bag Rs. 6 crore.
In the case of three players being retained, a total sum of Rs. 33 crore will be deducted from a franchise’s purse. The first pick will bag Rs. 15 crore, the second one will receive Rs. 11 crore while the third player will come at Rs. 7 crore.
If a franchise opts for two retentions, the total amount deducted from the team’s purse will be Rs. 24 crore. The first player will receive Rs. 14 crore while the second pick gets Rs. 10 crore.
If a franchise decides to retain only one player, it will cost them Rs. 14 crore of their total salary purse.
The teams will have an advantage if they decide to retain uncapped players, in which case each uncapped player will cost Rs. 4 crore.
There will be no option of Right To Match (RTM) for the 2022 Mega auction since it will be unfair on the new teams.
Since the existing teams get to retain their core, the two new franchises need something to make the playing field level. And hence, the BCCI has come up with a draft system, similar to what the league had ahead of the 2016 mega auction.
In this draft system, the two new franchises get to secure up to three picks from the released players by existing teams. The draft will take place ahead of the mega auction, of which the dates haven’t been finalized yet but is likely to be held in late December or early January.
The salary deduction for the draft picks will be the same as the retention system, with three players capped at Rs. 33 crore, two players costing Rs. 24 crore and one player costing Rs. 14 crore.
The Lucknow franchises will have an advantage of having the first pick of the draft as the RP Sanjiv Goenka Group was the top bidder to own the Lucknow franchise for Rs. 7090 crore compared to Ahmedabad owners – CVC Capital Partners’ bid of Rs. 5625 crore.
It is important to note that the players will have a final say on whether they want to be retained by their current team or not. It is still unclear but expected that the players will have a say if they’d like to be drafted in by the new teams and go straight into the auction pool to try their luck out for a bigger price.
Players having a choice adds a different dynamic to the whole retention and draft process. The results of which can already be seen with the strong likelihood of KL Rahul and Rashid Khan parting ways with their respective franchise Punjab Kings and Sunrisers Hyderabad.
Last mega auction?
The recent reports suggest that this could be the last mega auction in the league. This could be a result of the teams demanding an incentive for building a team instead of having to rebuild the team every three years. And if the reports are true, nailing the retentions and securing the top players will be extremely vital in the long run. It also makes the upcoming mega auction very important as it could shape the franchise for the next half a decade.
List of confirmed IPL retention?
With the deadline approaching super quickly, some of the teams have made up their mind on their retained players while few teams are yet to announce theirs. Here is the list of confirmed retained players ahead of the Indian IPL 2022 Mega Auction:
Chennai Super Kings- MS Dhoni (captain), Ravindra Jadeja, Ruturaj Gaikwad, Moeen Ali
Delhi Capitals – Rishabh Pant (captain), Prithvi Shaw, Axar Patel, Anrich Nortje
Kolkata Knight Riders – Andre Russell, Sunil Narine, Varun Chakravarthy, Venkatesh Iyer
Mumbai Indians – Rohit Sharma (captain), Jasprit Bumrah, Suryakumar Yadav, Kieron Pollard
Rajasthan Royals- Sanju Samson (captain), Jos Buttler, Yashaswi Jaiswal
Sunrisers Hyderabad – Kane Williamson (captain), Umran Malik, Abdul Samad
Royal Challengers Bangalore – Virat Kohli, Glenn Maxwell, Mohammed Siraj
Punjab Kings – Mayank Agarwal, Arshdeep Singh
Also Read: Know all about the IPL 2022 Mega Auction