 "Indian Premiere League, IPL")
Vivo Indian Premier League (IPL) franchisees can now spend up to Rs 80 crore on player acquisition.
In a meeting of the IPL governing council, the salary cap for players available to teams was increased from Rs 66 crore in 2017 to Rs 80 crore. The purse will increase to Rs 82 crore in 2018 and to Rs 85 crore for the 2020 edition. All teams will have to spend at least 75 per cent of the salary cap for each season.
The meeting also resolved the issue of player retention. While some teams were in favour of
In a meeting of the IPL governing council, the salary cap for players available to teams was increased from Rs 66 crore in 2017 to Rs 80 crore. The purse will increase to Rs 82 crore in 2018 and to Rs 85 crore for the 2020 edition. All teams will have to spend at least 75 per cent of the salary cap for each season.
The meeting also resolved the issue of player retention. While some teams were in favour of
