IPL 2022 Mega Auction: New Teams, Rules, Purse Value – Updates.

As the 8 teams have locked their retention list, the IPL 2022 auction will be hosted in Bangalore on Feb 12 and 13. Two new teams Lucknow and Ahmedabad will be participating in the Auction 2022. It's a chance for all the teams to build a new team.

BCCI introduced new auction rules and game format, as per the 10 IPL teams. The format will be similar to the IPL 2011 format.

Rules of IPL 2022 Mega Auction

As there are new teams added in the IPL 2022, BCCI released the rules of the IPL 2022 Mega Auction.

An IPL team is allowed to include two foreign and three Indian players; with a total number of retentions that must not exceed four.

As per the rules a team can either go for one foreign player + three Indian players or two Indian players + 2 foreign players. The total should be 4 only.

A team is not allowed to have more than two, even if there is a cap on the retained uncapped players.

The player's pursuit will be of Rs. 90 crore this year and will be an incremental hike up to Rs. 95 crore - Rs. 100 crore in two subsequent years.

If any team tries to retain four players then, it has to make an investment of 40-45% of its pursuit; 36-40% less than the team that is not planning to retain any player.

The two new teams will have the liberty to pick three players outside after taking permission for two foreign players. This is allowed only when no big-name Indian players are available.

Teams are unlikely to use the Right to Match cards at the auction.

Format and Guidelines of IPL 2022

IPL 2022 format is nothing new for the IPL cricket community as it was the same back in 2011 when a total of 10 IPL teams were playing the tournament. Let’s check out the format of IPL 2022:

IPL Points System

The match-winning team will receive two points and the losing team will not get any points. In the case of a draw, no results, or any natural disturbance, 1 point to each team will be awarded.

Playoff Stages

Qualifier 1 - Match will be held in the teams ranked 1st and second on a group level.

Eliminator - The 3rd and fourth position holding teams on the group stage will face each other.

Qualifier 2 - Winner of Eliminator and loser of Qualifier 1 will play Qualifier 2.

Final - The final battle will be fought between the Winner of both Qualifiers 1&2.

IPL 2022 Auction Purse Value

The teams will deduct the salaries of the retained players before participating in the auction. Also, with the introduction of two new teams, BCCI is increasing its purse budget up to 90 crores from 85 crores. Overall, an addition of 50 crores in the total purse value of IPL 2022.

Check out the number of retained players and the remaining purse value of each team.

In case of retaining three players the salary structure of the three players will be Rs. 15 cr, Rs. 11 cr, and Rs. 7 cr. On retaining two players the salary structure will be Rs. 12.5 cr and Rs. 8.5 cr, for one player - Rs. 12.5 cr.

Those players who want to participate in the auction can do it, as there is an increment in the salary purse. Teams should grab this opportunity and pick the best players asap.

Salary Cap of IPL 2022

Based on the retained player list, BCCI explained the salary cap

• On retaining 4 players, Rs 42 crore will be cut from the player purse.
• For 3 players, Rs 24 crore will be cut from the player purse.
• For one player, the team will lose a total amount of Rs. 14 crores.

Each uncapped player retention cost will be around Rs. 4crore each.

Annual Salary based on the number of retained players

If a team retains 4 players, the annual salary will be:

If a team retain 3 players

When the team retains 2 players

On retaining only one player

IPL 2022 start date

The Indian Premier League is most likely to start from April 2, 2022. Chennai Super Kings and Mumbai Indians will most likely play the first match of the season in Chepauk cricket stadium.

The final of IPL 2022, will mostly be played in the first week of June 2022.

Conclusion

Hence, the IPL craze never fades even when the tournament is not live. All the fantasy sports users, be ready with your preparation for the IPL 2022, as this season will be grand. Start researching about teams and players to play Fantasy Sports on Royal11.