Since its launch, Indian Premier League (IPL) is giving entertainment to its viewers. Fans cannot think of a season which was lack of excitement. To add more entertainment in the seventh edition of the IPL, the Governing Council (GC) has decided to introduce a new feature in the IPL 2014 Auction.
The Indian Premier League (IPL) Governing Council has come up with a number of new rules and regulations related to Players' Contracts, Squad Compositions and the Retention of Players ahead of the 2014 auction which will be held on February 12.
During the 2014 IPL auction, franchises will be allowed to retain five players from their 2013 squad. According to Governing Council, these retained players will be charged Rs. 12.5 crore, Rs. 9.5 crore, Rs. 7.5 crore, Rs. 5.5 crore and Rs. 4 crore respectively for the first, second, third, fourth and fifth capped players.
The ‘right to match’ feature will let club owners bid for a player who was part of their 2013 list after retaining five players. Except the retained players, clubs will have to leave other player for the 2014 players’ auction.