The decision was taken during the IPL Governing Council's meeting with the Supreme Court appointed Committee of Administrators (CoA) here.
The process of keeping players back can be through a combination of player retention ahead of the auction, and the Right to Match option during the auction, but each franchise can only use a maximum of either three retentions or three RtMs, the Board of Control for Cricket in India said through a press release. Irrespective of player retention or RTM, a franchise can have a maximum of three capped Indian players, a maximum of two foreign players and a maximum of two uncapped Indian players. The CSK and RR, who are returning to the league after paying two years suspension, will be permitted to retain players who played for their respective squad in the 2015 IPL season and the ones who were part of now-defunct teams Gujarat Lions and Rising Pune Supergiants.
And out of the five players, three should be Indians.
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The salary cap for each franchise has been upped from Rs 66 crore, and will increase progressively over the next three years.
Talking about the players that the Royals and CSK could retain or have RTM at the auctions, the returning franchises will get a player pool of players who played for them respectively in IPL 2015.
"IPL governing council decided all teams can avail facility of retaining five players & Right to Match".
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If a team does not wish to retain any player, it will still have the option of three Right to Match. The purse will increase to Rs 82 crore in 2018 and to Rs 85 crore for the 2020 edition. The minimum spend will be 75 per cent of the salary cap for each season to aid junior players.
In October this year, the IPL governing council floated a proposal, stating that CSK and RR can retain players who moved to Rising Pune Supergiant and Gujarat Lions for two years following a draft. The player auction is tentatively set for February.
A decision of squad size was also taken during the meeting. It will grow by Rs 2 crore and Rs 3 crore for the next two editions respectively. The minimum base price for capped Indian players has also increased from INR 30 lakh to INR 50 lakh.
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The salary of players retained before the auction has also been altered in parts.