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07 December 2017, 02:23 | Nina Mathis
IPL governing council clears way for Dhoni's return to CSK
The Governing Council of the IPL has ratified his home coming stating that all the IPL teams can have retentions up to five players. Either way, a franchise can retain or use RTM for a maximum of three players in the auction.
"The minimum spend will be 75 per cent of the salary cap for each season", the statement read.
The total purse of each team will range from Rs 66 to 80 crores. CSK will have to primarily choose between R. Ashwin, Ravindra Jadeja and Suresh Raina or a foreign player such as Dwayne Bravo in whom the Chennai team continues to have faith. "The player pool available for CSK and RR for retention/RTM will be the players who played for them respectively in IPL 2015 and who were part of RPS (Rising Pune Supergiant) and GL (Gujarat Lions) squads in IPL 2017", the council said in a release.
The IPL Governing Council has also increased the salary cap to Rs. 800 million (Dh45.50 million) for the next year and Rs. 820 million and Rs. 850 million for the subsequent years.
RTM refers to a franchise's right to match the highest bidder for a player.
Rajasthan Royals (RR) was the other IPL team to be banned for the same duration after the betting ring was busted.
Meanwhile, on the player retention policy, teams have been allowed to secure a maximum of five players through a combination of pre-auction retention and Right to Match (RTM) cards.
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