IPL 2022 Updates: Mega Auction Schedule, New Teams, and Retention Rules

Published on: Dec 13, 2021

The Indian Premier League (IPL) has to be one of the most-followed cricket events worldwide. It’s a tournament that no cricket fans should ever miss especially in the upcoming season because there will be changes. For the first time in a while, the IPL will be a ten-team affair and this is familiar yet new to everyone. Curious to know more about the upcoming 2022 IPL season? We got all the scoops you need!

Before you check on India betting sites reviews and think about which teams you’ll be betting on for the next season, there are still important events that will help us get to the much-awaited league including the IPL 2022 Mega Auction.

What We Know About the Auction So Far

The IPL has not yet released the exact date of when this important event will be but reports suggest that it will take place before December 2021 ends or in the first week of January 2022. The eight old teams have already locked in their retention list but there is still much to happen on the Mega Auction itself. So far, here are the teams that released the names of the players they will be retaining and how much they spent on them:

Delhi Capitals

Rishabh Pant – Rs 16 crore

Axar Patel – Rs 12 crore

Prithvi Shaw – Rs 8 crore

Anrich Nortje – Rs 6 crore

Sunrisers Hyderabad

Kane Williamson – Rs 14 crore

Abdul Samad – Rs 4 crore

Umran Malik – Rs 4 crore

Royal Challengers Bangalore

Virat Kohli – Rs 15 crore

Glenn Maxwell – Rs 11 crore

Mohammed Siraj – Rs 7 crore

Punjab Kings

Mayank Agarwal – Rs 12 crore

Arshdeep Singh – Rs 4 crore

Kolkata Knight Riders

Andre Russell – Rs 12 crore

Varun Chakravarty – Rs 8 crore

Venkatesh Iyer – Rs 8 crore

Sunil Narine – Rs 6 crore

Rajasthan Royals

Sanju Samson – Rs 14 crore

Jos Buttler – Rs 10 crore

Yashasvi Jaiswal – Rs 4 crore

Chennai Super Kings

Ravindra Jadeja – Rs 16 crore

MS Dhoni – Rs 12 crore

Moeen Ali – Rs 8 crore

Raturaj Gaikwad – Rs 6 crore

Mumbai Indians

Rohit Sharma – Rs 16 crore

Jasprit Bumrah – Rs 12 crore

Suryakumar Yadav – Rs 8 crore

Kieron Pollard – Rs 6 crore

It is known that the salary purse for all teams for the auction has already been increased to Rs 90 crore. The eight teams were given the option to retain as many as four players or even none at all. However, there are rules to stick to regarding the deduction from their salary purse when it comes to how many players will be retained. The teams with fewer players retained will have more budget in the purse during the auction.

Here’s how much the purse of each team has after the retention period:

Delhi Capitals – Rs 47.5 crore

Sunrisers Hyderabad – Rs 68 crore

Royal Challengers Bangalore – Rs 57 crore

Punjab Kings – Rs 72 crore

Kolkata Knight Riders – Rs 48 crore

Rajasthan Royals – Rs 62 crore

Chennai Super Kings – Rs 48 crore

Mumbai Indians – Rs 48 crore

Both Lucknow and Ahmedabad still have a purse of Rs 90 crore which will change once they have already picked three players for their respective teams.

Part of the retention rules is that the two new franchises which are Lucknow and Ahmedabad can get 3 cricketers: 1 overseas and 2 domestic players. The three players can be picked from the list of players who weren’t retained by the eight franchises. Both teams have until December 25 to submit their list.

More About the Two New Teams

It took a while before the talks that two new teams will be added into the league have come to reality. Originally, this was supposed to be implemented on the 2021 season but the pandemic has hindered the plans of the league to do so. The bidding for the new teams happened in October and nine companies were able to place their bids but only two succeeded.

The RPSG Ventures Ltd. was able to win the bid for Lucknow with INR 7090 crores while the Irelia Company Pte Ltd. (CVC Capital Partners) won the bid for Ahmedabad with INR 5625 crores. This auction has proven how valuable the IPL is and BCCI president Sourav Ganguly is happy about it.

Ganguly said, “The BCCI is happy to welcome two new teams from the next season of the Indian Premier League. It is heartening to see the inclusion of two new teams at such a high valuation, and it reiterates the cricketing and financial strength of our cricket ecosystem. True to IPL’s motto of ‘Where Talent Meets Opportunity, the inclusion of two new teams will bring more domestic cricketers from our count