The eight Indian Premier League franchisees have spent a total of ₹172.8 crore to hold back the players of their choice and set the ball rolling for an all-new 2018 season.
Defending Champions Mumbai Indians and Chennai Super Kings doled out the maximum ₹ 33 crores each to retaining three players apiece. Mahendra Singh Dhoni is back home with Chennai in a ₹15 crore ‘deal’.
Royal Challengers Bangalore put the highest price ever for an IPL player in the initiative to bank their captain Virat Kohli for ₹ 17 crores. The Team India skipper thus also lived up to his tag of India’s most expensive sportsperson and celebrity brand icon.
Kings XI Punjab’s performance over a period time has given the franchisee management precious little to pose faith in their incumbent players. This was evident as the Chandigarh-based club decided to retain only one player – Axar Patel for ₹7.5 crore.
Insidesport.co brings to its readers, the total economics of the IPL player retention meet in Mumbai on Thursday. This is who stays where for what price.
CHENNAI SUPER KINGS
The franchisee backed by the former International Cricket Council and the Board of Control for Cricket in India chief N Srinivasan has been quick to grab its golden assets MS Dhoni, Suresh Raina and Ravindra Jadeja for making a grand return the IPL after a two-year suspension.
The defending champions have put the best bid on their most bankable player Rohit Sharma. The franchisee like Chennai has exhausted the ₹33crore at their disposal for the three retentions, which include all-rounder Hardik Pandya and young seamer Jaspreet Bumrah.
A wise deal to acquire the best they could have at the best possible price. Extremely dependable Australian skipper Steve Smith returns to stay with his Royal team from Rajasthan after being away to Pune Supergiant during the Royals’ suspension period.
KINGS XI PUNJAB
A series of dismal performances has given the Punjab franchisee little to have faith in their incumbent talent. There are indications of a complete team restructuring as the franchisee decides to retain only Axar Patel. No surprises, as coach Virender Sehwag had already revealed that the KXIP is no mood to make big retentions.
VVS Laxman was the man to make the moves as Sunrisers Hyderabad decided to strengthen their citadel with seasoned Aussies David Warner and trusted swing maestro Bhubaneswar Kumar.
Delhi Daredevils’ have posed faith in their young talent Rishabh Pant, who has had a disappointing domestic season, and Shreyas Iyer along with veteran South African seamer Chris Morris.
KOLKATA KNIGHT RIDERS
The Knights club after setting their incumbent skipper Gautam Gambhir free, has posed faith in the Caribbean duo of all-rounder Sunil Narine and Andre Russell in the best value for money deals.
ROYAL CHALLENGERS BANGALORE
The deal of the IPL is sealed by the team from the Garden City of India. Kohli and AB de Villiers will be the natural top choices for any T20 combine. Expectedly, the duo is retained with a surprise and wise investment in uncapped Sarfraz Khan.
The teams are now left with a combined purse of ₹ 450 crores. The strings will open on January 27 and 28, where the franchisees can exercise the “right to match” the price for their incumbent players during the open bid process to make the squad of their choice.