IPL 2024 Retention: Deadline, Trade Rules, Purse and All you need to know

The Indian Premier League (IPL) 2024 auction is just around the corner, and teams are deeply involved in the pre-auction phase, making strategic moves through the IPL Trade Window to redefine their squads. During this window, franchises have the opportunity to swap players or engage in all-cash transactions, influencing team budgets with different pricing structures. Dive into the details of player retentions below.

Deadline

The IPL auction is slated for December 19 in Dubai. During the auction, top players will join the pool, competing for lucrative contracts with the ten franchises.

The deadline for teams to finalize their retention lists and conclude player trades is set for November 26, 4 PM. The aggregated retention and trade lists will ultimately define the financial resources available to each team for the upcoming season.

IPL 2024 trade window rules

• Player Transactions: Franchises can choose between player swaps or all-cash deals to strengthen their squads.
• Approval Process: The IPL governing council has the authority to grant final approval for all trades.
• Preference Rights: If multiple franchises express interest in a player, the selling franchise has the right to choose the player’s destination.
• Player Consent: Prior consent from the player is mandatory before any trading or transferring process.
• Exclusions: ‘Icon’ players are exempt from the trading process.

Players traded so far

• Romario Shepherd (Rs 50 lakh) has been traded from Lucknow Super Giants to Mumbai Indians.

• Devdutt Padikkal (Rs 7.5 crore) has been traded from Rajasthan Royals to Lucknow Super Giants.

• Avesh Khan (Rs 10 crore) has been traded from Lucknow Super Giants to Rajasthan Royals.

Remaining Purse

Each team has reportedly been allocated a purse of INR 100 crore, reflecting a INR 5 crore increase from the previous year. The teams will continue with their remaining purse from the prior auction, and all additional funds will be determined based on the transactions involving released and retained players.

Punjab Kings – INR 12.20 crore

Sunrisers Hyderabad – INR 6.55 crore

Gujarat Titans – INR 4.45 crore

Delhi Capitals – INR 4.45 crore

Lucknow Super Giants – INR 3.55 crore

Rajasthan Royals – INR 3.35 crore

Royal Challengers Bangalore – INR 1.75 crore

Kolkata Knight Riders – INR 1.65 crore

Chennai Super Kings – INR 1.50 crore

Mumbai Indians – INR 50 lakh