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Salary From To Date Ref Romario Shepherd West Indies ₹ 50 lakh (US$58,000) Lucknow Super Giants: Mumbai Indians: 3 November 2023 [4] Avesh Khan India ₹ 10 crore (US$1.2 million) Rajasthan Royals: 22 November 2023 [4] Devdutt Padikkal India ₹ 7.75 crore (US$900,000) Rajasthan Royals: Lucknow Super Giants: 22 November 2023 [4] Mayank Dagar ...
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, also known as IPL and Tata IPL for sponsorship reasons, is a men's Twenty20 cricket league held annually in India. Founded by the BCCI in 2007, the league features ten state or city-based franchise teams.
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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.
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. 66 crores for the 2016 edition. The salaries of the retained players was deducted from this purse. [3] [4]
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Players were allowed to set their base price between $20,000 to $400,000. The auction was telecast live on SET Max, the official broadcaster of IPL. [21] IPL authority increased the number of players in each squad to 33 from the previous limit of 30 and also increased the salary cap by $2 million. [20]