Indian Premier League’s next three seasons,starting 2011,will have a total of 74 matches,up from 60 this year,following the addition of two new franchises — Sahara Pune Warriors and Kochi.
There would be 70 league matches plus four play-off matches with each team playing the same number of matches (14 of which 7 would be home and the other 7 away) as in the previous IPL editions,said BCCI secretary N Srinivasan in a release after the IPL’s Governing Council meeting here.
“There will be one league table with teams divided into 2 groups of 5 teams each,” the BCCI secretary said.
The IPL GC also decided to allow the original eight franchises to retain a maximum of four players,including three Indians,and fixed a salary cap of USD 9 million for each franchise to spend at the next players’ auction set for the middle of November.
Player contracts will be for a period of two years plus a one-year right of extension by franchise.
Retention of players would result in reduced amount available with each franchise with amounts of USD 1.8 million per annum for the first player so retained,USD 1.3m,0.9m and 0.5m for the other three players reduced from its kitty.
This is irrespective of the actual player fee paid to each of these players,Srinivasan said.
If a franchise retains four players,its salary cap will be charged by USD 4.5 million in each of 2011 and 2012 and it will have only USD 4.5m remaining to pay as player fees for the remainder of its registered squad.