The meeting became even more important following the return of Chennai Super Kings (CSK) and Rajasthan Royals (RR) from suspension and exit of Rising Pune Supergiant and Gujarat Lions. The IPL Governing Council has given teams options which could allow them to retain as many as five of their players.
As for the franchise squad size, each team has to have a minimum of 18 and a maximum of 25 players, which also includes up to eight overseas cricketers.
"The Indian Premier League Governing Council along with the Committee of Administrators (CoA) met in New Delhi on Wednesday to discuss IPL Player retention policy, salary cap, player regulations and other related issues", the release stated.
A maximum of either three retentions or three RTMs at the discretion of the franchises. For the comeback teams, the Royals and the CSK, the GC announced that they will get to retain players from their pool of players who played for them in the 2015 edition of the IPL.
The decision enables former Indian captain MS Dhoni to return to the Chennai Super Kings (CSK) franchise from the 2018 season without being placed in the auction pool. He was CSK's captain at the time of its suspension. From INR 66 crore in the last two auctions (2016 and 2017), the salary cap will be INR 80 crore in 2018. If they opt to retain just the one player, then they'll have to suffer a deduction of INR 12.5 Crores from their pre-auction purse.
"The minimum spend will be 75 per cent of the salary cap for each season", BCCI Acting Secretary Amitabh Choudhary said in a statement after the meeting. The caps for the two subsequent years have been fixed at Rs 82 crore and 85 crore respectively.
If a franchise opts to retain three players pre-auction, it will cost them a total of INR 15, 11 and 7 Crores (INR 33 Crores) respectively for the trio.
For the auctions, the base price of players have been increased in both capped and uncapped categories. Out of five, three can be retained & two can be taken under Right to Match or vice-versa.
In July 2017, The Board of Control for Cricket in India said on Friday that Chennai Super Kings and Rajasthan Royals would be back for 2018 IPL.