"The minimum spend will be 75 per cent of the salary cap for each season", the BCCI stated.
The likes of Ben Stokes and Jason Roy thus will go back into the auction pool having not played for either CSK or RR in IPL 2015.
According to report by the Indian Express, one franchise was reportedly in favour of retaining as many as five players, while another proposed retention of one player per team.
- If a team retains just one player, INR 12.5 crore will be deducted from the purse. CSK will have to primarily choose between R. Ashwin, Ravindra Jadeja and Suresh Raina or a foreign player such as Dwayne Bravo in whom the Chennai team continues to have faith. The teams will also be able to pick cricketers who played for Gujarat Lions (GL) and Rising Pune Supergiant (RPS) in the last two IPL editions.
With respect to Chennai Super Kings (CSK) and Rajasthan Royals (RR), which are returning after a two-year ban, the council has decided that the player pool available will be the players who played for them respectively in IPL 2015 and who were part of Rising Pune Super Giants and Gujarat Lions' squads in IPL 2017.
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► A franchise can secure a maximum of three capped Indian players and a maximum of two overseas players. The guideline is if a franchise retains three players it will have Rs 15 crore, Rs 11 crore and Rs 7 crore respectively deducted from its player purse of Rs 80 crores.
IPL franchises can retain a maximum five players by virtue of a combination of player retention and right-to-match (RTM) cards (during auction).
The IPL Governing Council, in its meeting in New Delhi on Wednesday, has upped the player cap for the next three years. If a player (X), who played for team (Y) in the previous season, is acquired by another team (Z) in the auction, Y can use their RTM card and get X for the same amount of money for which Z bought him.
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 caps for the two subsequent years have been fixed at Rs 82 crore and 85 crore respectively.
In July 2017, The Board of Control for Cricket in India said on Friday that Chennai Super Kings and Rajasthan Royals would be back for 2018 IPL.