If a team retains five capped players, they will lose Rs 75 crore from the auction pot.
The mega auction is likely to be held overseas in the last week of November. The auction purse has been increased to Rs 120 crore from the Rs 100 crore that the teams had at their disposal at last year’s auction.
The total salary cap now comprises an auction purse, incremental performance pay and match fees. The match fee, set at Rs 7.5 lakh per game, has been introduced ahead of the next season.
The teams can retain up to six players, via retention or right to match, from the existing squad, the highest in IPL history.
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