The preparations for the 18th season of the Indian Premier League (IPL) are in full swing, with the last date for submitting the player retention list set for October 31. Fans are eager to see which players will be retained by the ten franchises and which ones will be released. After the retention process, the registration for the IPL Mega Auction will begin.
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Changes in Mega Auction Rules
This year, there are some important changes in the IPL Mega Auction that will benefit players. The base price for players has increased from ₹20 lakhs to ₹30 lakhs. This means that franchises must bid at least ₹30 lakhs for players during the auction. Additionally, the maximum base price has been set at ₹2 crores, giving players a better chance to earn more.
Each franchise has a total budget of ₹120 crores for players. Out of this, ₹75 crores can be used for retaining five players. The payment structure is as follows: ₹18 crores for the first retained player, ₹14 crores for the second, and ₹11 crores for the third player. The fourth and fifth players will have adjustable prices, meaning the payment for the top player may reduce the budget for others.
Details for Uncapped Players and Auction Dates
Franchises can retain two uncapped players, paying ₹4 crores for one player. Players in the playing eleven will earn ₹7.5 lakhs per match. If they play in 14 matches, they can earn up to ₹1.05 crores.
The mega auction is expected to take place on November 24 or 25 in Riyadh, Saudi Arabia, where the futures of many IPL players will be determined.
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