The second auction of the Indian Premier League will be held on February 6 with a fresh set of guidelines. The IPL governing council finalised the new regulations after a meeting with franchises on Tuesday.
“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,” IPL commissioner Lalit Modi said.
“I am certain that the trading window set to open on Monday 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,” he added.
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.
During the trading of players on December 22, if more than one franchise is interested in buying a player, the selling franchise will negotiate with all interested.
“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 four 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.
“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 – but prior to any discussions the player’s consent must be obtained,” the statement read.
The auction on February 6 is only for new players who did not feature in the inaugural IPL.
Each franchise has an option of purchasing any number of uncapped new players by a direct agreement (Uncapped players will be the ones who have never played senior international cricket nor have central contract with their national associaton).
Each franchise will have a sum of $2m to spend on player fees in 2009 for cricketers acquired either in the auction, through signing uncapped new players or re-signing any 2008 temporary replacements.
Squads will not be allowed temporary replacements from 2009 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.
The 2008 salary cap will cease to have effect and no unused amount of the 2008 purse can be used in 2009.