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IPL Owners Summit: Will IPL Teams Get Bigger Budgets?

By Rohit - April 1, 2024 - Last updated on Apr 01, 2024 11:22 PM
IPL Owners Summit: Will IPL Teams Get Bigger Budgets?

IPL team owners are heading to Ahmedabad on April 16th for a BCCI-organized meeting. This owners-only gathering looks to tackle big IPL topics and is happening at the same time as the Gujarat Titans vs. Delhi Capitals match.

BCCI president Roger Binny, secretary Jay Shah, and IPL chairman Arun Singh Dhumal are slated to attend the meeting. The correspondence regarding the meeting is believed to have been sent by Hemang Amin, the CEO of the IPL.

Amin has not specified the agenda for the meeting, but given the sudden nature of the invite, it is expected that the BCCI will address several policy decisions, primarily concerning the mega-auction scheduled for the following year. "They will discuss the way forward for the IPL," said a source familiar with the matter.

Understandably, the number of retentions before the auction will be a focal point of discussion. This topic has divided the IPL ecosystem, with different owners holding varying views. There is no apparent consensus on the number, and the BCCI is believed to be seeking to negotiate a solution.

IPL owners are engaged in discussions about the rules governing player retention ahead of mega auctions. The debate centers on the number of players teams should be allowed to retain, with some advocating for an increase for the sake of continuity and fan engagement. The potential reintroduction of the "Right to Match" (RTM) card, which allows teams to match the highest bid for former players, is also part of the conversation.

Another prominent point of discussion will be the salary cap, a subject that always elicits differing opinions among various segments of the IPL setup, with the BCCI itself having a strong view. During the last mini-auction, the cap was set at INR 100 crore, but it is expected to go up, considering the huge uplift in the teams' central revenue share following the BCCI's signing of a staggering INR 48,390 crore broadcast deal two years ago.

Also Read: Power Struggle at MI: Team is divided into Rohit vs Hardik group

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