The meeting became even more important following the return of Chennai Super Kings (CSK) and Rajasthan Royals (RR) from suspension and exit of Rising Pune Supergiant and Gujarat Lions. He will be among the players who CSK will retain as per the player retention rules decided upon in the IPL Governing Council meeting. If a franchise retains the maximum of three of their players before the auction, it will lose from the salary cap INR 15 crore for the first player, INR 11 crore for the second, and INR 7 crore for the third.
This decision has been taken during the IPL Governing Council's meeting with the Committee of Administrators (CoA), which was held in Delhi, today. A franchise can secure a maximum of two uncapped Indian players. If a franchise does not retain any player before the auction it can still retain only three using right-to-match cards. The other two replacement teams were formed Rising Pune Supergiants where Dhoni captaining in 2016 IPL season and Gujarat Lions for the replacement of Rajasthan Royals.
The Indian Premier League's (IPL) governing council cleared the way for MS Dhoni on Wednesday return to Chennai Super Kings (CSK), which will return in the 2018 edition after concluding a two-year suspension.
Chennai Super Kings MS-Dhoni in action against Delhi Daredevils during IPL. 2 Maximum number of 2 Overseas players. Out of five, three can be retained & two can be taken under Right to Match or vice-versa. Salary caps have been set at Rs 80 crore for 2017, 82 crores for 2019 and 85 crore for 2020.
George also confirmed that they can only retain players who played for them in 2015. For instance, if Royal Challengers Bangalore opt against retaining Chris Gayle and one of the other franchises buy him for an amount, say INR 5 Crores, then RCB can activate their RTM and get Gayle back for the same amount, i.e INR.5 Crores.
The auction reserve prices have also been increased, with a hike of Rs 10 lakh in the prices for uncapped players, which will now begin from Rs 20, 30 or 40 lakh. The minimum spend will be 75 per cent of the salary cap for each season to aid junior players.