Updated: 10 August
IPL 2022 mega auction is one of the most talked-about events. BCCI is busy making the arrangements and planning related to this mega event. For this purpose, they have prepared a blueprint ahead of the IPL 2022 mega auction. This includes players retention, IPL mega auction 2022, new IPL franchises, etc. Let us dive into the key aspects related to this blueprint.
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IPL Franchises Can Retain 4 Players
The maximum number of players to be retained has also increased from the existing three players to four players. However, the fine print here is that this should be in the ratio of three Indian and one foreign player or two Indian and two foreign players.
According to Cricbuzz, BCCI is willing to allow the existing eight franchises to retain three players ahead of the IPL 2022.
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There has to be a salary deduction for the retained players. IF three players are retained, it should be 15 cr, 11 cr, and 7 cr. If two players are retained, then it should be 12.5 cr and 8.5 cr. However, if only a single player is retained, it should be 12.5 cr.
Addition Of 2 New Teams
The Tender document for the two new teams will be released in August. It is expected that the bidding will take place during mid-October. This will be the time when IPL phase 2 final few games will be underway.
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Few corporates such as RP-Sanjiv Goenka Group, Adani Group, Aurobindo Pharma Ltd, Torrent group, to name a few, have shown interest in acquiring the new franchises.
It is expected that the IPL 2022 mega auction will take place towards the fag end of 2021.
With the addition of 2 new teams, the IPL purse money will also increase by 5 crores per team. It will result in each team getting 90 crores as the purse value. This value will increase to 100 crores over the next three years. Each IPL franchise will have to mandatory spend 75% of their purse money.
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The tender document for IPL media rights is expected to be released in January 2021. BCCI is hoping for a 25% increase in the price due to the increasing OTT consumption in the Indian market. IPL 2023 onwards will have an early start in March. This will help BCCI to accommodate more than 90 matches easily.
The next few months leading to the IPL 2022 promises to be an exciting affair. BCCI and the IPL franchises will need to do a lot of planning. The selection of two new teams will make things very interesting and make the Indian Premier League (IPL) even more lucrative and glamorous.