Thread by @KShriniwasRao

The IPL retention money has already been discussed but this is my take... small #thread

Technically, if four capped players are retained, Rs 42 cr must get deducted from franchise's salary purse; If three capped players are retained: Rs 33 cr; Two: Rs 24 cr; One: Rs 14 cr. (1/8)

Now, MI have retained four capped players at Rs 16 cr (Rohit), Rs 12 cr (Bumrah), Rs 8 cr (Surya) and Rs 6 cr (Pollard) respectively and Rs 42 cr will be deducted from the purse. However, some franchises have followed a different policy. (2/8)

Talk about innovating and making most of the rules. There are franchises who don't mind if money is blocked from their salary purse before going into the auction because they can still save money if they can come to an arrangement with players. (3/8)

In the case of Delhi Capitals, Rishabh Pant has been paid Rs 16 cr, Axar Patel has been paid Rs 9 cr (but Rs 12 cr will be deducted from purse), Prithvi Shaw gets Rs 7.5 cr (Rs 8 cr will be deducted) and Anrich Nortje will get Rs 6.5 cr (Rs 6 cr will be deducted). (4/8)

This is a result of an agreement between franchise and player and the logic is this: Even if a franchise finds more money blocked from spending at auction than what they're paying the players, they will end up saving that money backend. (5/8)

The BCCI did this to encourage more franchises to release as many players as possible in the auction so that they could build a more robust auction pool. It was like dangling a carrot, bearing in mind that there should be enough talent in the auction pool. (6/8)

The negative to this is they can't spend this money at the auction. It's a good use of the rules for franchises to save money but at the same time it's a risk. I'm sure each franchise must've weighed these pros and cons. (7/8)

New franchises that are coming in are also free to get into such arrangements. However, there's a fear lurking for the new teams because they can't afford to 'negotiate' with star players who'll say "We might as well head into auction". They can't afford to take that risk. (Ends)

Correction: for Nortje 6.5 crore will be deducted. The higher amount between the slab and the actual salary paid is deducted. That's why Delhi will have a budget of Rs47.5 cr and not 48.