IPL 2022 | BCCI sets ₹90 crore as salary purse, 42 crore for maximum four retentions
The Hindu
‘Four retentions will cost a team ₹42 crore while three retentions will lead to reduction of ₹33 crore’
The BCCI has set a salary cap of ₹90 crore for 10 IPL franchises, including the , for the next season and allowed a for the eight established teams.
As reported on Friday, the two new franchises — Lucknow and Ahmedabad — will be given a choice to pick three players from the auction pool after the old teams announce their choice of retentions.
"The BCCI had sent a letter to all the franchises, updating them about the new rules where four retentions will cost a team ₹42 crore while three retentions will lead to reduction of ₹33 crore," a senior IPL franchise official told PTI.
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