The detailed guidelines regarding the player retentions and cost of retaining each of the players have been unveiled in detail on October 31, 2021. The reports had earlier stated that each of the 8 teams can retain 4 players, while the 2 new teams can get 3 players ahead of the IPL 2022 auction.
Apart from this, the salary purse for the IPL 2022 auction has been set at INR 90 crores per team, an increase from the IPL 2021 auction purse of 85 crores.
The eight franchises can retain a maximum of 4 players with not more than 3 Indian and not more than 2 foreign players and only at most 2 uncapped players can be retained.
On the other hand, the two new franchises, which are based in Ahmedabad and Lucknow, can purchase three players outside of the auction, but they cannot be more than 2 Indian players (capped or uncapped), not more than 1 foreign player, and not more than one uncapped Indian.
The retention window for the eight older franchises is from November 1 to November 30, while the window for the two new ones is from December 1 to December 25. The IPL 2022 auction is likely to take place in January 2022.
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If one of the eight older franchises retains four players, they will be debited INR 16 crores for the first, INR 12 crores for the second, INR 8 crores for the third, and INR 6 crore for the fourth - making for a total deduction of INR 42 crore.
If they retain three players then their slabs are INR 15 crore, INR 11 crore, and INR 7 crore, for a total of INR 33 crores. If two players are retained, then the slabs are INR 14 crores and INR 10 crores, for a total of INR 24 crores.
And if only one player is retained, INR 14 crores will be deducted from a franchise's auction purse. If the sole retained player is uncapped, then the amount deducted will be INR 4 crores.
The franchises will be free to pay players whatever sum they mutually agree on and whichever amount is higher, will be deducted from a franchise's auction purse. If a franchisee pays a player less than his retention slab, they will lose the retention slab amount.
If a franchise pays a player more than the amount ascribed to a retention slab, then that higher amount will be deducted from the franchise's auction purse, which applies to the two new franchises too.
(inputs from ESPNCricinfo)
