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IPL 2022: Lucknow And Ahmedabad Can Spend 33 Crore For First Three Picks Before Mega Auction

The two new Lucknow and Ahmedabad franchises can spend 33 crores for the first three picks before the IPL 2022 mega auction in January

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Arijit Barua
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IPL Trophy | SportzPoint.com

The eight existing franchises announced their retention list for IPL 2022 on Tuesday. From that, the two new franchises – Lucknow and Ahmedabad – have now learned about the players they can choose before the IPL 2022 mega-auction.

Lucknow and Ahmedabad can sign up to three players (two Indian and one overseas) before mega-auction from the pool of players. However, it also includes the released players as well.

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The BCCI had set a price slab for the existing eight teams to retain their players. Similarly, the two new franchises have been given a budget of Rs 33 crore to spend from their 90 crore purse to sign their top three picks, as has been reported by Indian Express.

Importantly, the break-up for the three players would be Rs 15 crore, Rs 11 crore, and Rs 7 crore for the first, second, and third picks, respectively.

"If a player is negotiating with a new franchise, he can do it according to the purse allocation. If someone is in line to become the captain of a new team, then obviously he will be joining for Rs 15 crore," said a CEO of one of the franchises.

KL Rahul, Rashid Khan, David Warner up for grabs ahead of IPL 2022 mega auction

The deadline for the new teams to sign three players is December 25. Meanwhile, the mega auction will happen in January 2022.

Lucknow and Ahmedabad have plenty of big names to look into for their first three signings. Punjab captain KL Rahul has been in talks with Lucknow. KL Rahul himself demands his franchise to release him.

Superstar leg-spinner Rashid Khan's negotiations fell out with Sunrisers Hyderabad. However, he is also available to be roped in for the two new teams. So if the dynamic SRH opening pair of David Warner and Jonny Bairstow.

Also Read: IPL 2022: "Chahal might end up getting more money in the auction," says Laxman Sivaramakrishnan

Ahmedabad is looking to gain the services of Hardik and Krunal Pandya in their team. Because Mumbai Indians have not retained them, so is Ishan Kishan. Suresh Raina, another IPL giant has been released from his franchise, Chennai Super Kings.

Shreyas Iyer, who led Delhi Capitals to the 2020 IPL final, has also parted ways with the franchise. Delhi Capitals decided to continue with Rishabh Pant as the captain for the IPL 2022 season.

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