The BCCI has set a salary cap of Rs 90 crore for 10 IPL franchises, including the two new entrants, for the next season and allowed a maximum of four retentions for the eight established teams. As PTI had reported on Friday, the two new franchises — Lucknow and Ahmedabad — will be given a choice to pick three players from the auction pool after the old teams announce their choice of retentions. “The BCCI had sent a letter to all the franchises, updating them about the new rules where four retentions will cost a team Rs 42 crore while three retentions will lead to reduction of Rs 33 crore. Two players retained will mean that Rs 24 crore is deducted while a single player retained means that one has to shell out Rs 14 crore out of the 90 crore purse,” a senior IPL franchise official told PTI.
IPL 2022: BCCI sets Rs 90 crore as salary purse, 42 crore for maximum four retentions
