The board has kept team owners happy, and yet ensured the competitiveness and profile of the mega auction is not hampered

A fixed salary purse of Rs 12.60 crore in addition to the auction cum retention purse of Rs 120 crore will have to be kept by the franchises for next season.

Each of the 10 IPL franchises is allowed to retain up to six players, without any restrictions on nationality, including one uncapped player, in preparation for the 2025 player auction scheduled for later this year.

The IPL has unveiled its retention rules, allowing franchises to keep up to six players through direct retention or Right to Match options. Teams must submit their final list by October 31, 2024. A new 'pay more to retain more' policy affects the auction purse,

If a player is retained while uncapped, he will remain in the uncapped slab even if he plays an international game before the day of the auction

The IPL teams, using a combination of retention and Right-To-Match option, can retain up to six players from their 2024 squad

After the retention policy was introduced, all the teams started their preparations and are currently busy sorting out for the names of the players to be retained.

ESPNcricinfo has learned that the IPL is most likely looking at approving this option as soon as it finalises the retention rules ahead of the mega auction for the 2025 season