BCCI has set a blueprint for the inclusion of two new teams in the Indian Premier League. Aside from the new teams, this blueprint includes things like player retention rules, mega auctions, purse pay increases and tender for new media rights. Tenders for the new IPL teams float in August and the process is expected to be completed by October. Preparations are underway to hold a mega auction in the last month of the year, December.
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According to the Times of India, BCCI will float a tender in August this year to add two new teams in the IPL and new teams will be announced in mid-October. Kolkata-based Sanjeev Goenka Group, Adani Group, Aurobindo Pharma Limited and Torrent Group have expressed interest in buying new teams. BCCI is also preparing to increase the franchise’s purse pay. Purse salary will be increased from 85 crores to 90 crores and purse salary will be increased from 90 to 95 crores, 95 to 100 crores in next three years of 2024 sports. It is mandatory to spend at least 75 percent of the franchisee’s purse salary. The mega auction will be held in December this year.
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BCCI makes some changes to the rules to retain players. Each team must retain four players. The franchise can retain 3 Indian and one foreign player or two Indian players and 2 foreign players. Retaining three players will earn the franchise’s purse salaries of Rs 15 crore, Rs 11 crore and Rs 7 crore. At the same time, 12.5 crores and 8.5 crores will be deducted from purse salaries while retaining two players. Retaining the player will result in a reduction of 12.5 crores. BCCI is also preparing for a major media rights auction. The tender for this is expected to float in January 2022.