New plans come as Booster Shot for IPLMumbai: BCCI has completed a blueprint for the Indian Premier League (IPL).
Two new franchises, player retention, auction Mega, the increase in salary wallets and new media rights tenders was among the plans that were waiting to be released between August 2021 and January 2022.
The cricket board had decided to introduce two new franchises to the league.
The tender document for the same thing will be brought in mid-August and take part in a mandatory examination, the offer will be opened in mid-October, it is adjusted with the final of the IPL-Phase 2 in the UAE.
IDR-Sanjiv Goenka group based in Kolkata-based in Kolkata; The Adani Group is headquartered in Ahmedabad; Aurobindo Pharma Ltd.
based in Hyderabad and torrent groups operating from Gujarat studied to show interest.
Likewise, there are several other corporate entities and several private investment consulting companies and advisors who are busy studying this space carefully now.
BCCI is set to increase the salary wallet from Rs 85 Crore to Rs 90 Crore, which will mean adding RS 50 Crore to the total salary pool (between 10 franchises).
Franchises must be used 75% of allocated wallets.
For the next three years, the wallet will increase from Rs 90 Crore to Rs 95 and finally Rs 100 Crore ahead of the 2024 season.
Player retention has also been resolved.
Every franchise will be allowed to maintain four players, but with the following conditions – they can defend three Indians and one overseas player or two Indian players and two players abroad.
Franchise holders must reduce the amount specified from their salary wallet before heading to the auction.
Salary reduction, in the existing structure, set as follows: RS 15 CR, RS 11 CR and RS 7 CR if three players are maintained; Rs 12.5 Cr and Rs 8.5 CR if two players are maintained; and Rs 12.5 CR if only one player is maintained.
With a salary wallet set to increase by Rs 5 CR (85 to 90), and BCCI allows a franchise to maintain a maximum of four players now, this structure can experience a little change in the future.
“Some players might like the idea not to be maintained and want to go to the auction pool.
It was because there was an increase in salary wallet and two new teams added.
So, there will be a rush to reach.
Talent.
Expect some prominent Indian crickets to forward the name They are for auctions, “they said the development of tracking.
And finally, BCCI also planned auction of major media-rights, towards the end of 2021.
With March now has the potential to be available for them for the beginning of the initial IPL 2023 and it will help the Board accommodate 90- plus matches between 10 teams and industries expect a minimum increase of 25 % in the value of the media rights ahead.
Pandemic has seen a massive increase in the OTT room as a traditional linear broadcast and that factor will dictate the rights industry in the coming months.