IPL Releases New Format

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MUMBAI, INDIA (GaeaTimes.com)- After failing to take decision Indian Premier league (IPL) on the format of next year’s IPL at its previous sitting last month, the Governing Council of the T-20 leagues has finalized the match schedule today. The media reports that Indian Premier League’s next three seasons from 2011 will have 74 matches as there will be addition of two new franchises from next year. The two franchises are Sahara Pune Warriors and Kochi.

BCCI secretary N Srinivasan in a release after the IPL’s Governing Council meeting said that there would be 70 league matches and four play off matches. The secretary also added that there will be only one league table with the teams divided into two groups and five teams each. The new format allows the original eight franchise to retain maximum of four players, including three Indians. The players’ contracts will be for a period of two years and the franchise can extend one year if it wishes to.

The Indian Premiere League’s (IPL) new format also says that if a franchise retains four players, then it will have a salary cap of $4.5 million in each of 2011 and 2012 and the player’s fee has to be payed for 2011 and 2012 season. Even the uncapped players will be payed a salary of 1 million per annum. N Srinivasan also added that a new player registration and contract management process will be detailed as early as possible and before that no player contracts can be signed. The regulation book will be circulated soon to the franchise. The BCCI secretary said that from a sporting perspective, the franchises will have same number of matches at home like its previous editions.