What is meant by retained in IPL auction?

Auction purse for each team is Rs 90 crore. A maximum Rs 42 crore is allotted for retention if a team is keeping four players – Rs 16 crore, Rs 12 crore, Rs 8 crore and Rs 6 crore being the break-up. If a franchise is retaining three players, it can spend a maximum Rs 33 crore – Rs 15 crore, Rs 11 crore and Rs 7 crore.

What is mega auction in IPL Quora?

Mega Auctions are an event conducted by BCCI after every 3 year Cycle where every team has to Retain a total of 5 players from the squads of the recently conducted tournament. 2 or 3 players can be retained by a team around one week before the auctions in a separate event.

What is the retention policy of IPL 2022?

Eight old franchises will name retained players by November 30, 2021, maximum of 4 players can be retained. They can retain not more than three Indians and not more than two overseas recruits.

What is RTM in mega auction?

One fascinating aspect of an IPL auction is the ‘right to match’ card, commonly called the ‘RTM card. ‘ An RTM card allows a franchise to buy an unretained player who played for them in the previous edition for the highest bidding amount the player has received in that auction.

How many foreigners can retain in mega auction?

The IPL 2022 season will have the Mega Auction in place, and the IPL governing body allowed a maximum of 4 players to be retained. This includes a maximum of 3 Indians and 2 overseas players. In all, the existing 8 franchises retained 27 players including 8 foreigners.

Why is the IPL 2022 mega auction all the hype?

IPL 2022 mega Auction is one of the main reasons behind this hype. Teams were allowed to retain only 4 players ahead of the IPL 2022 mega auction. This makes way for other franchises to bid for the players who were earlier retained by their team. The mega auction is a major boost for franchises that want to rebuild their squads.

How many players can IPL 2022 franchisees retain?

Update: IPL franchises are allowed to retain 4 players, either it can be 3 Indians and 1 overseas or 2 Indians and 2 overseas for IPL 2022 ahead of the mega auction. The total purse value for each franchise could be raised in the upcoming IPL 2022 Mega Auction.

What is the total purse value of IPL 2021?

In IPL 2021, Franchises could only spend INR 85 Crores on the players however BCCI should raise the cap this time. The total purse value for each franchise has been increased to INR 90 Crores from INR 85 Crores. The board further said that the purse value will increase in the next two years.

Will there be two new IPL 2022 teams in Ahmedabad?

BCCI had already clarified the development that the two new teams will be brought in. As per most of the news outlets, Ahmedabad city will get one franchise while Lucknow and Kanpur could be the second new franchise. New Rules for the IPL 2022 Mega Auction?