How do IPL cricket teams get to select individual players?
The players of each IPL team are chosen through an open auction with individual player being put up for bidding by the franchises and the highest bidder becomes the buyer. Each player has a ‘base annual fee’ which is on a pro-rata basis depending on his availability. In the first season of IPL, there were 78 cricket players to choose from. Each IPL Franchise has a maximum limit of $5 million to spend on bidding for players, and the contract for each player is for 3 years. In addition, there are icon players whose fee is 115% of the highest player fee – the icon players in IPL 2008 were Sachin Tendulkar, Rahul Dravid, Sourav Ganguly, Yuvraj Singh and MS Dhoni. Q: What are the composition rules for an IPL squad? Each franchise squad in IPL should have a minimum of 16 players and at least 4 of these players should be under the age of 22 years. There can be a maximum of 8 foreign players per squad (that cap was raised to 10 in IPL 2009) and a maximum of 4 foreign players can be part of the
