IPL Governing Council Considers Increasing Team Purse and Retention Rules

The IPL Governing Council plans to increase the team purse to Rs 120 crore and could raise the number of player retentions to six, incorporating 'Right To Match' options. Discussions will address various points including the controversial 'Impact Player' rule and revenue sharing from Central Merchandising.

The IPL Governing Council is considering an increase in the team purse to Rs 120 crore, along with expanding player retentions to six, including 'Right To Match' (RTM) options. This topic will be discussed during a meeting with franchise owners in Mumbai on Wednesday.

Ahead of a significant auction at the end of the year, setting the modalities in place is crucial. Multiple franchise officials concur that a 20 to 25 percent increase in the team purse is needed. A senior IPL franchise official stated, under anonymity, that the consensus might settle around Rs 120 crore to Rs 125 crore.

However, player retention policies pose a complex challenge. Currently, four retentions are allowed, but many teams are advocating for up to six, with differing views on the number of overseas retentions. Other agenda items include the divisive 'Impact Player' rule and discussions on revenue sharing from IPL's Central Merchandising pool.