BCCI’s new directive to IPL franchises – Kings XI Punjab in fix: The Indian Premier League (IPL 2021) auctions for the 14th edition of the league is just around the corner and BCCI has shot off a new directive to the IPL franchises. According to the information available with InsideSport, IPL Governing Council in the mail to the IPL franchises has directed them to spend a minimum of 75% of the total player purse. This diktat by the IPL GC will upset some of the franchises including KingsXI Punjab who is sitting on a 52.2 Cr player purse.
“All teams have to spend minimum amounts and we have kept the threshold levels at 75% of the 85 Cr player purse as the minimum amount that franchisees will have to spend. This has been the norm with IPL Auctions in past as well”, said one of the top BCCI officials to InsideSport.
IPL 2021 Auctions: IPL GC’s Directive to the IPL franchises Explained: According to the new directive, franchisees will have to spend a minimum of 75% of the total player purse allotted to the teams. Each franchise has been given an 85 Cr player purse upper limit and they are directed by BCCI to spend a minimum of 63.75 Cr on buying the players. If any of the franchises spend less than the amount of 63.75 Cr – BCCI will take away the deficit as a penalty.
This clearly means none of the franchise can play MONEYBALL like strategy. Each franchise has also been directed to have a minimum of 18 players in the squad with an upper limit of 25. No one can have more than 8 overseas players in the squad as is the norm with IPL over the last few years.
IPL 2021 Auctions: What does the new directive mean for teams like KingsXI Punjab?
Kings XI Punjab can be impacted financially by the new directive. The team from Punjab currently has 53.2 Cr of 85 Cr player purse in their kitty. They have only spent 31.8 Cr to retain 16 players. Now they will have to shower 31.95 Cr to buy 9 more players at the auctions. If they spend anything less, money in the purse will be forfeited by the BCCI.
Without any doubt, KXIP will now literally shower money at the auctions to achieve a minimum spending threshold of 63.75 Cr at Auctions.
Kings XI Punjab (KXIP) Retained Players: KL Rahul, Chris Gayle, Mayank Agarwal, Nicholas Pooran, Mandeep Singh, Sarfaraz Khan, Deepak Hooda, Prabhsimran Singh, Mohammed Shami, Chris Jordan, Darshan Nalkande, Ravi Bishnoi, Murugan Ashwin, Arshdeep Singh, Harpreet Brar, Ishan Porel
As Kings XI Punjab, Rajasthan Royals, and Royal Challengers Bangalore is also below the minimum spending levels. But Rajasthan team with 37.85 Cr in its kitty and 16 players retained can clear the spending threshold by buying the remaining 9 players. The same is the case with RCB who has 35.4 Cr in their kitty with only 14 players retained up till now.
Remaining Player Purse Status of All 8 IPL Teams
Kolkata Knight Riders – 10.75 Cr remaining 17 Players including 6 foreigners
Sunrisers Hyderabad – 10.75 Cr remaining 22 Players including 7 foreigners
Delhi Capitals – 13.4 Cr remaining 17 Players including 5 foreigners
Mumbai Indians – 15.35 Cr remaining 18 Players including 4 foreigners
Chennai Super Kings – 19.9 Cr remaining 19 Players including 7 foreigners
Royal Challengers Bangalore – 35.40 Cr remaining 14 Players including 5 foreigners
Rajasthan Royals – 37.85 Cr remaining 16 Players including 5 foreigners
Kings XI Punjab – 53.2 Cr remaining 16 Players including 3 foreigners