According to reports, a consensus has evolved on the topic of player retention for the forthcoming Indian Premier League auction, and the existing eight franchises would most likely be permitted to keep up to four players.

The Board of Control for Cricket in India (BCCI) and team representatives held informal negotiations on the way forward during the last days of the IPL’s just finished season in the UAE, and all parties are thought to have agreed on the number of players a franchise can keep.

A team will be able to keep up to three Indian and two foreign players, with a maximum of four retentions. There may also be a limit on how many uncapped players a team can keep – no more than two per team.

The player purse is expected to be INR 90 crore in the first two years, with incremental increases to INR 95 crore and INR 100 crore in the following two years. If a franchisee decides to keep four players, it will have to spend 40-45 per cent of its budget on them, leaving it with INR 36-40 crore less than a franchise that does not keep any players.

The existing eight franchises have also been informed that the two new teams may be allowed to choose two to three players outside of the auction, with the option of taking two foreign players if big Indian names are not available. At the auction, it’s unlikely that existing teams would be permitted to bid on Right to Match (RTM) cards.

After the sale of two new teams, which is expected to take place on October 25 in Dubai as of Friday (October 22), a formal statement on the retention rule will be issued. A few bidding parties have already arrived in Dubai.

The retention regulations have finally answered the key question in the IPL: Can Chennai Super Kings maintain MS Dhoni? It is now obvious that the former India captain will be retained by the Chennai franchise, as N Srinivasan, the team’s owner, recently stated “Dhoni is synonymous with CSK, Chennai, and Tamil Nadu. CSK would not exist without Dhoni, and Dhoni would not exist without CSK.” The two Indians are believed to be Ravindra Jadeja and Ruturaj Gaikwad, with DJ Bravo or Faf du Plessis as the foreign players on their roster.