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Every franchise salary cap to be increased by 20% in IPL 2018

Rajeev Shukla (Photo Credits: Indian Express source file)

The next edition of the Indian Premier League promises to bring new changes to the table. With the Indian Premier League Governing Council giving a thumbs up to the new retention policy by which the franchises can afford to retain a maximum of five players, there are also some interesting aspects that will be there in the new season which will give a new life to the cash-rich tournament.

Regarded as one of the extravagant leagues of the cricket world, the Indian Premier League Governing Council has increased the salary cap of every franchise by 20% for the upcoming season of the tourney. This would mean that the franchises will be able to spend extravagantly around INR 78 crores on player’s income.

Shukla
Rajeev Shukla (Photo Credits: Indian Express source file)

IPL is generating huge money.

The expected total expenditure of the eight franchises during the course of the Indian Premier League is going to range from INR 464 to 618 crores. After the meeting of the IPL Governing Council on Wednesday in New Delhi, it has been reported that the eight teams will have to spend 75% of their salary cap in every edition of the league.

Rajeev Shukla who is the Chairman of the IPL said while talking to AFP,  “Whatever changes we have come up with are all in the interest of the players. We are also looking to increase the prize money for the players in future.”

The Indian Premier League has attained new heights in the last decade and the tournament has been responsible to take Indian cricket to greater heights. The Board of Control for Cricket in India is making mammoth money from the league and it is helping the Indian board. Last year, England all-rounder Ben Stokes was bought for a colossal 14.5 crores and he had gone on to deliver the goods for Rising Pune Supergiant.



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