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IPL franchises unhappy over retention clauses

A number of IPL franchises have voiced their unhappiness with the player retention system which was announced by the leagues Governing Council at the weekend.

Under the new rules set out each franchise could lose up to $4.5 million of their $9 million salary cap for Novemberís player auction if they retain up to four players from their current squads.

Up to five of the original franchises are 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.

source - cricket20.com
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