The IPL season 11 auction is slated for January 27 and 28 in Bengaluru and franchises have to decide on the retention players by January 4.
Right to Match (RTM) rule
The Right to Match (RTM) card is the latest inclusion to the new rules, which allows a franchise to retain a player for the same price as that of other franchises who are bidding for the same player.
For example, if Virat Kohli is bid by CSK for Rs 15 crore, his current team Royal Challengers will have the option to retain him through the RTM card for the same price. The teams can retain three of their players through this rule.
Salary Cap for Players in IPL-2018
Another big relief for the teams is the increase of the salary cap, with the price being increased to Rs 80 crore from the previous rate of Rs 66 crore.
1)If you retain two capped players, you spend Rs 21 crore (Rs 12.5 crore for Player 1 and Rs 8.5 for Player)
2) instead of Rs 33 crore for three capped players (Rs 15 crore for Player 1, Rs 11 crore for Player 2 and Rs 7 crore for Player 3),” the official explained.
If a team, however, decides to retain an uncapped player, then an amount of Rs 3 crore will be deducted from the purse.
Chennai Super Kings and Rajasthan Royals will be able to retain players for the teams which they have played. For example, Steve Smith, who played for Rising Pune Supergiants, can be retained by Rajasthan Royals only, and not Chennai Super Kings, as he has played for RR.
A team will be able to retain three capped India players, two uncapped Indian players, and two overseas players.