IPL - Player acquisition cap to stay for now
June 3rd, 2008Indian Premier League (IPL) have decided to maintain the Cap of USD 5 Million for Player acquisition as it feels that removing the cap could take the blood out of the competition.
Very recently Ricky Ponting who played in IPL before going back to Australia insisted that the scrapping of the salary cap could ruin the tournament by allowing the mega-rich franchises to grab all the big boys.
However IPL have decided to open a Transfer Window for players as early as Februray but this will not be applicable for the Icons like - Sachin Tendulkar, Shewag, Rahul Dravid, Ganguly, Yuvraj and Dhoni. Otherwise if any player and franchisee comes at an understanding there can be a transfer of Players between Franchisees.
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As such, the Rajasthan Captain Shane Warne can can opt for any other team provided his Franchisee agree with him. The transfer of Icons will only happen as late as 2009 when there will be a transfer window for all players. IPl have even assured that players will share some benefit out of transfer fees at that time.
Removing the cap would have definitely created a free market, much like the soccer’s English Premier League, where franchises with unlimited buying power can spend much more on a player than the $1.65 million paid to M. S. Dhoni this year but at the same time leave room open for powerful franchisees to grab all the key players and close the door of excitement in the tournament.
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Tags: acquisition, cap, franchisees, indian premier league, IPL, players, Shane WarnePosted in Cricket News, IPL News |