Agencies, New Delhi
The next edition of the Indian Premier League (IPL) is expected to cut down the number of foreign players from 11 to nine, according to reports after the conclusion of the meeting between IPL Governing Council and the team franchises in Singapore today. It has also been learnt that every team will now have a squad of 27 instead of 33 since the team owners wanted to retain five players. Reports also suggested that the players retained will play on an annual contract.
It has also reportedly been decided that at maximum a team can retain five players and in doing so will have to shell out Rs 39 crore of the Rs 60-crore cap. That will leave a franchise with Rs 21 crore to fill up the remaining slots in the squad. The salary cap for the 2014 auction is likely to be Rs 600 million (approximately 10 million dollar) and is likely to increase by 10% each year.