IPL New Team Update: Notably, in the BCCI’s Annual General Meeting (AGM) held at Ahmedabad last month, the members had given approval to the inclusion of two new franchises in the IPL. However, as per TOI, BCCI is likely to add only one team to the cash-rich league due to following issues:
– Introducing only one franchise now will allow the Board to reap better value for the 10th team in the near future, as simultaneous bids have the potential to cap the value in prevailing market conditions.
– Adding two teams will force the BCCI to change the format of the league in order to fit the entire season within the existing timeframes (annual cricket calendar). The change in format will mean renegotiation with IPL’s partners in a year when IPL’s media rights will be up for bidding again. Instead, a nine-team IPL will mean only 74 matches – on a home & away basis – which is clearly being seen as a more feasible line of approach.
– As the International Cricket Council (ICC) gets busy finalising its next Future Tours Program (FTP) and member boards argue in favour of an eight-event cycle, the BCCI is mindful of the bigger picture – of extending the IPL window by at least a month. Extension of the window will mean deriving better value from both – the media rights auction as well as the auction for the 10th team.
– With just two seasons left before the new IPL rights cycle gets underway – tender for which is expected to be floated this year-end – the BCCI does not wish to disturb the applecart at the moment.
– And most importantly, the Board expects the legalities involving artibrations with Deccan Chargers and Kochi Tuskers to be resolved in the meantime.
Meanwhile, talking about IPL 2021 auctions, then only 85 Cr purse limit set for IPL franchises.
IPL 2021 Auction: Check how CSK, RCB, KXIP, KKR, RR, DC, MI, SRH planning to increase the size of wallet
The auction of the Indian Premier League (IPL) 2021 is likely to be held on February 11 and the board has set January 20th as the deadline for the eight franchises to submit the list of retained and released players.
However, it is final now that no mega auction will be conducted for the 14th edition of IPL (IPL 2021), instead, BCCI will conduct the mini-auctions.
IPL Teams Player Purse Size limited to 85 Cr: IPL GC has decided not to increase the size of player purse – franchises will have to do shopping with the same purse limit of 85 Crores as it was the case in IPL 2019-20.
“We are not increasing the purse size for the franchises. 85 Crore will be the limit for IPL franchises to make their teams for IPL 2021′, confirmed IPL GC Chairman Brijesh Patel.
Firstly – How the IPL 2021 auctions will work
– Each franchise will submit list of released and retained players by Jan 20th
– The purse for the mini-auction will be dependent on the fact that how much monies the teams are left with after deciding on the retained players
– BCCI has decided to keep the players purse limited to 85Cr per team for buying the players.
How much player purse currently is left with each franchise for IPL Auctions? And how CSK, RCB, KXIP, KKR, RR, DC, MI, SRH planning to increase the size of wallet?
Chennai Super Kings (Remaining Purse- Rs 0.15 crore) – CSK wants to revamp their team as earlier announced by MS Dhoni. The only option CSK has at its disposal is to release the current players to increase the size of their wallet. Then only CSK will be able to buy the players in the auction. They have the lowest remaining purse among all the franchises i.e just 15 Lacs. Be ready for lot of chopping and changing in the CSK squad.
Mumbai Indians (Remaining Purse; 1.95 crores) – 5 times champions Mumbai Indians is sitting very pretty at this stage with very well settled squad. No big chopping, changing is required – so no stress on the size of current wallet i.e 1.95 Cr.
Royal Channel Bangalore (Remaining Purse: Rs 6.4 crores) – Some players like Dale Steyn, Parthiv Patel have already pulled out of IPL 2021 so RCB will have a bigger wallet available with them for the IPL Auctions. They may further release few names like Umesh Yadav to increase the money in the wallet.
Kolkata Knight Riders (Remaining Purse: Rs. 8.5 crores) – KKR have some big salaried players in their squad. Cummins, Russell, Narine, Karthik, Kuldeep Yadav all have huge salaries – KKR may drop few of them to increase the purse size. InsideSport has already reported likelihood of Dinesh Karthik and Kuldeep Yadav losing on IPL contracts.
Kings XI Punjab (Remaining Purse: Rs. 16.5 crores) – Like KKR, KXIP also has some big salaried foreign recruits like Glenn Maxwell. KXIP is likely to release Maxwell and few others to bring more monies into their wallet so that they can buy players of choice during the auctions.
Sunrisers Hyderabad (Remaining Purse: Rs. 10.1 crores) – SRH also needs to boost up their squad from few angles to get ready for IPL 2021. They currently have 10.1 Cr remaining in player purse and may release few big guns to enhance the wallet to minimum 20-25 Cr.
Rajasthan Royals (Remaining Purse: 14.75 crores) – RR after a promising start to IPL 2020 finished at No.8th place. The new investors of RR are likely to take some hard calls by ending the relationship with few big names like Steve Smith. RR is eyeing wallet size of 25Cr to do the fresh buying.
Delhi Capitals (Remaining Purse: 9 crores) – Like Mumbai Indians, Delhi Capitals is not in a desperate need to chop and change the squad. The runners up of IPL 2020 will sit easy and are unlikely to be very active in IPL Mini Auctions.
How can franchises retain or release the players before IPL 2021 mini-auction?
– The existing set of players currently has contract till IPL 2020 with the franchises. Before the mini-auction BCCI and franchises will complete contractual formalities with those players whom teams would like to retain for IPL 2021 season.
– The deadline for the same is 20th January
– Franchises are allowed to do trading of the players with other IPL franchises as well