Aaron Moores | cricket20
The IPL Governing Council has turned down the Mumbai Indians request to increase the number of retained players each franchise can select from four to six.
The Indians request was discussed during today’s Governing Council meeting in Nagpur but it was turned down, meaning the Indians have until Sunday, December 5th to nominate four players, 3 Indian and 1 foreigner; which they which to keep.
The rule, introduced by the BCCI during the summer means each franchise could lose up to $4.5 million of their $9 million salary cap for January’s player auction if they retain up to four players from their current squads.
A number of franchise were believed to be unhappy with the ruling which favours the larger teams who signed Indian legends like Sachin Tendulkar, MS Dhoni and Virender Sehwag.
Each team will be allowed to retain up to four players, but at a cost. The first player retained will cost a team $1.8 million; the second player will cost $1.3 million, the third $900,000 and the fourth $500,000.