 Cricket entering new era of riches
19th Feb 2008 20:01 IST
Agencies
There are reports from Australia that two players - Brad Haddin and Mitchell Johnson - have decided not to take part in the 44-day Twenty20 tournament, but there's as yet no official confirmation from IPL.
The IPL Governing Council has decided that not more than five million USD and not less than 3.3 million USD can be bid for each lot of international players by each franchise, to ensure a level playing field in the tournament.
Each franchise would have to buy sixteen players at the minimum, out of which four should be from India and under the age of 22 and four other local players hailing from catchment areas earmarked by the IPL for each of the eight franchises.
The four local players can include the four icons: Tendulkar (for Mumbai franchise owned by Ambhani's REL), Dravid (for Bangalore franchise owned by Mallya's UB Group), Ganguly (for Kolkata franchise owned by Shah Rukh's Red Chillies Entertainment) and Yuvraj Singh (for Mohali franchise owned by Preity Zinta, Ness Wadia, R Burman and Group).
Each of the iconic players have to be bought by paying 15 per cent more than that had been successfully bid for the most expensive player of their respective city franchises.
The cap placed on bids for a pool of international players by each franchise does not include the local (apart from the iconic player) and under 22 players whose base price has been fixed as USD 20,000.
The other four franchise owners are: Hyderabad (Deccan Chronicle Group), Chennai (India Cements), Delhi (GRM Group) and Jaipur (Emerging Media Group). |
