17 Dec :December 17th, 2008: The Indian Premier League, yesterday, concluded a Franchisee meeting in Mumbai to apprise them about the player trading regulations for the 2009 season.
Lalit Modi, Chairman & Commissioner, Indian Premier League said, “Having laid the foundation for success in the first season of the IPL, it is only critical that we take the League onto greater heights in 2009. This meeting on the Player Trading Regulations is an important step in helping franchises redress the integral balance of their playing squads to make them more competitive. I am certain that the trading window set to open on Monday, December 22nd 2008, will see some active trading – which will only result in significantly improving the competitiveness of the franchises, making for an even more exhilarating and action packed season for the IPL fans in 2009.”
Highlights of the discussions held in Mumbai included finalisation of the following:
The maximum number of international players in each squad at 10. However, the number of international players in the playing eleven would remain constant at 4. Squads will not be allowed temporary replacements from 2009 onwards to cover partial unavailability of a player during the season. The only temporary replacements allowed will be in the situation where a player is completely unavailable for a whole IPL season.
Salary Cap / Auction Purse
The 2008 Salary Cap will cease to have effect and no unused amount of the 2008 purse can be used in 2009. There will be no cap on Player Fees payable to players acquired by the franchises during the trading window. The trading window is only for players who were part of the IPL in 2008.
Player Trading Window & Auction
The Trading Window will be open from 12 Noon IST December 22nd 2008 to 5 pm IST on January 22nd 2009. Franchises shall have opportunities during the trading window to trade players – either by offering to sell a player via trade or expressing an interest to acquire a player – prior to any trading discussions the player’s consent must be obtained. Negotiations between the two franchises should be only with regard to the Player Fee payable. The other terms of the Player Contract (for example the period of the contract) may not be varied.
If more than one franchise is interested in buying the player, the “selling” franchise shall negotiate with all interested Franchises. The “selling” Franchise shall have the discretion as to which offer to accept. Each Franchise is restricted to purchasing a maximum aggregate of a total of 4 Overseas and Team India Players during the Trading Window – subject always to the IPL squad composition rules. There is no limit on the number of Players that a Franchise can sell.
Player Auction Rules
A Player Auction will be held on Friday, February 6th 2009 for “NEW” players that did not feature in the IPL 2008 season. All Overseas players will however, require an NOC to play in the IPL. Outside the Auction process but subject to the Squad Composition rules with respect to Overseas Players, each Franchise will have the option to purchase any number of Uncapped “NEW” players by a direct agreement.
An Uncapped overseas player is one who, at the date the Player Contract is signed, neither
a) Has ever played senior international cricket (Test, ODI, International Twenty20), nor
b) Has a Central contract with his National Association
o Each Franchise will have the sum of USD 2Mn to spend on 2009 Player Fees for players who are acquired either
In the Auction
Through signing uncapped “new” players
Through re-signing any 2008 temporary replacements