Yesterday, December 24, 2013, the Indian Premier League (IPL) Governing Council finalised the Player Regulations for the 2014 edition of the Indian Premier League (IPL Season 7) after a series of discussions.

According to the official website of the tournament, among the areas deliberated upon were players’ contracts, squad compositions and the retention of players in advance of the 2014 Auction.

IPL 2014 player auctions will be held on February 12, 2014, and if necessary, February 13, 2014 as well. The venue of the auction will soon be announced.

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Please find below Pepsi IPL 2014 Player Regulations.

Player contract :

• One-year term with a franchise having the option to extend for either one or two additional years. The option must be exercised on or before 15 December in each year.
• IPL league fee for all players to be denominated in Indian rupees.
• Overseas players to be paid in the currency of their choice at the prevailing exchange rate on either the actual date of payment or contract due date, whichever is beneficial to the player.
• IPL league fee to exclude payment for playing in the Champions League Twenty20, but to include up to six approved friendly matches.
• The additional fee for playing in CLT20 to be an amount equal to 10% of the IPL league fee.

Squad composition :

• Each squad must include no less than 16 and no more than 27 players, of which up to 9 may be overseas players.
• No more than four overseas players in the playing XI for any match.
• No minimum quota for catchment area players.
• Under-19 players must have played either First-class or List A cricket before signing for IPL.
• Salary Cap for the IPL league fees of the entire squad to be Rs. 60 crore for 2014, increasing by 5% per annum for 2015 and 2016.
• Minimum squad-spend of Rs. 36 crore in each of the 2014, 2015 & 2016 seasons.

Retaining players in advance of the 2014 player auction :

• In advance of the 2014 Player Auction, a franchise may sign up to five players (either capped or uncapped, no more than four of whom may be capped Indians) who were in its squad in 2013, including those who were unavailable during the season and those who were taken as temporary replacements.
• The player contract for the retained player (in standard form and signed by both the player and the franchise) must be lodged with the BCCI on or before Friday, January 10, 2014.
• Embargo on franchises approaching any players who were in another franchise’s 2013 squad until Saturday, January 11, 2014.

Irrespective of the IPL league fee that is agreed between the two parties and which is set out in the player contract, the 2014 Salary Cap (and if appropriate the 2015 and 2016 Salary Caps) for the franchise will be charged as follows:

For Capped Players

• Rs. 12.5 crore for the first capped Player so retained.
• Rs. 9.5 crore for the second capped Player so retained
• Rs. 7.5 crore for the third capped Player so retained
• Rs. 5.5 crore for the fourth capped Player so retained
• Rs. 4 crore for the fifth capped Player so retained

For Uncapped Players

• Rs. 4 crore for each uncapped Player so retained

For the purpose of determining the Salary Cap charge for each player retained, franchises will be deemed to have retained capped players in the order of their actual IPL league fee (from the highest to lowest). If two or more retained capped players have the same IPL league fee, the relevant Salary Cap charges shall be added together and divided by the number of such players, with the Salary Cap being charged by the same amount for each player. For example if a franchise retains only two capped players, with the two having the same contracted IPL league fee, the Salary Cap charge for each shall be Rs. 11 crore (being Rs. 12.5 crore plus Rs. 9.5 crore divided by 2).

A franchise which retains the maximum of five players, all of whom are capped, will have a balance of Rs 21 crore to pay the remaining up to 22 players in its squad for the 2014 season.

Retained players may not be traded.

Auction :

• Auction to be held on Wednesday 12 and, if necessary, Thursday February 13, 2014.
• All players (capped or uncapped, Indian or overseas, those who did or did not play in IPL in 2013) must enter the 2014 player auction process if they want to play in the IPL in 2014. The only exceptions are those who are retained in advance as described above.
• Only players who enter the player auction process (but are not taken by a franchise during the player auction) are eligible to be taken as a replacement during the 2014 season.
• The format of the 2014 Player Auction will be broadly similar to that of the 2013 Player Auction with the addition that each franchise will have a number of “rights to match” which it may exercise during the course of the auction for any players who were in its squad in 2013.

The number of “rights to match” available to a franchise will depend on the number of players that the franchise retained in advance:

•  If the number of players retained by a franchise prior to the auction is three or more, they are entitled to only one “right to match” during the auction.
• If a franchise retains only one or two players prior to the auction, they are entitled to two “rights to match” during the auction.
• If a franchise doesn’t retain any player prior to the auction, they are entitled to three “rights to match” during the auction.

 The “right to match” is to be exercised as follows:

• Once the bidding for any player who was in a franchise’s 2013 squad is complete and the auctioneer is satisfied that no more bids will be forthcoming, the auctioneer will bring down the hammer, declare the player “sold” and then ask the relevant franchise if it wishes to exercise one of its remaining “rights to match”.
• If the franchise chooses to exercise the “right to match”, the franchise will take the player for the amount of the final bid that had been made in the Player Auction.
• No further bidding by any other franchises is possible.
• Franchises may take no more than four capped Indian players via a combination of retention prior to the auction and the “right to match”.

 

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