New rules to benefit IPL elite: Governing council gives go-ahead to retain five players and buy back a few

December 25, 2013

Governing_councilNew Delhi, Dec 25: The Indian Premier League governing council on Tuesday gave the go-ahead to a new plan that is expected to give the rich franchises an advantage over the not-so-rich ones.

Under the revised player regulations issued by the IPL, to be implemented for the 2014 season, each team will be allowed to retain five players from its 2013 squad, including those who were ruled out due to injury and those who were brought in to replace them.

This will need to be done by January 10, with the auction set to take place at an undisclosed location on February 12, to be extended to the next day if necessary.

In addition, each franchise will get the option of buying back a limited number of players in the auction through a newly-introduced 'right to match' provision.

While in theory this seems a fair system with a level playing field, in practice it will play into the hands of mega-buck franchises such as Chennai Super Kings and Mumbai Indians, while small franchises like Kings XI Punjab and Rajasthan Royals, who have been known to spend little at the auctions, could miss out on the top stars yet again.

This is because while the salary cap for each franchise has been fixed at Rs 60 crore, and retention of five players will mean just Rs 21 crore available for buying a minimum of 11 more players, the actual player fees have been left to the players and franchisees to negotiate.

So, for an impact player such as Chris Gayle, his current team Royal Challengers Bangalore could offer any amount as the fee for him to stay put, and it will only count as Rs 12.5 crore against the salary cap.

Players will be ranked from one to five for salary cap deduction purposes on the basis of this actual fee.

'Right to match' (RTM) is a concept that some smaller franchises have been grumbling against behind the scenes, but it has been accepted by the governing council with one rider - the more players a franchise retains, the less opportunities it has to 'match'.

So if a team has retained three to five players, it will get just one RTM opportunity, while a team with no retentions will get three.

What this means is that for any player who was in a franchise's 2013 squad, once the bidding at the fresh auction has been completed and the auctioneer is satisfied that no more bids will be forthcoming, he will declare the player "sold".

He will then ask his previous franchise if it wishes to exercise one of its remaining RTMs.

If yes, the franchise will buy the player for the highest bid, without necessarily bidding for him.

This could work in case of a player who went for a high price in previous auctions, but has lost form or didn't perform up to expectations.

In such a scenario, the team can allow other teams to bid, and if the bid doesn't go high, it can buy him back for a fraction of the previous price.

The maximum number of capped Indians that can be retained beforehand or bought under RTM cannot exceed four.

Among other changes, all players - whether capped or uncapped, Indian or foreign - have to enter the auction.

All transactions will take place in Rupees instead of US Dollars, with foreign players getting paid in a currency of their choice as per the best available exchange rate.

The maximum number of foreign players per team has come down from 10 to nine, and the overall squad size from 33 to 27.

The minimum squad strength is 16, and the minimum amount to be spent at the auction is Rs 36 crore.

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News Network
January 9,2020

Kuala Lampur, Jan 9: Saina Nehwal and reigning world champion P V Sindhu produced dominating performances to progress to the women's singles quarterfinals of the Malaysia Masters Super 500 badminton tournament here on Thursday.

Sixth seed Sindhu notched up a commanding 21-10 21-15 victory over Japan's Aya Ohori in a pre-quarterfinal match lasting just 34 minutes. It was Sindhu's ninth successive win over Ohori.

The 24-year-old Indian, who won the World Championships in Basel last year, will take on world number 1 Tai Tzu Ying in the quarterfinals after the Chinese Taipei shuttler got the better of South Korea's Sung Ji Hyun 21-18 16-21 21-10.

Saina, who had won the Indonesia Masters last year before going through a rough patch, dispatched eight seed An Se Young of South Korea 25-23 21-12 after a thrilling 39-minute contest to make the last eight.

This is Saina's first win over the South Korean, who got the better of the Indian in the quarterfinals of the French Open last year.

The two-time Commonwealth Games champion will next take on Olympic champion Carolina Marin.

Saina had defeated Lianne Tan of Belgium 21-15 21-17 in the opening round on Wednesday.

In the men's singles, India's challenge ended after both Sameer Verma and HS Prannoy crashed out in the second round.

While Verma lost to Malaysia's Lee Zii Jia 19-21 20-22, Prannoy was shown the door by top seed Kento Momota of Japan 14-21 16-21.

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Agencies
May 9,2020

Tokyo, May 9: As the world continues to grapple with coronavirus pandemic, the organisers of Tokyo Game Show have cancelled 2020 showpiece event.

TGS 2020 was slated to be played from September 24 to September 27 at the Makuhari Messe convention center. However, there now talks going on for holding an online event instead.

According to the Verge, this is the first time that TGS has ever been cancelled since it started in 1996.

TGS 2020 gained more attention because of its status as the last major trade show before the launch of the upcoming next-gen consoles, the Xbox Series X and PlayStation 5.

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News Network
March 19,2020

Geneva, Mar 19: Regional Olympic officials are rallying around the IOC and have backed its stance on opening the Tokyo Games as scheduled, as direct criticism from gold medalist athletes built amid the coronavirus outbreak.

Leaders of continental Olympic groups praised the IOC after a conference call Wednesday to update them on coronavirus issues four months before the opening ceremony in Tokyo on July 24.

"We are living through an unpredictable crisis and as such, it is important that we have one policy, expressed by the IOC, and we follow that policy in unison," the Italy-based European Olympic Committees said.

However, when the International Olympic Committee published an interview with its president, Thomas Bach, after a separate call with athlete representatives, it prompted a four-time Olympic champion to urge postponing the games.

Bach acknowledged that many athletes were concerned about qualifying events being canceled, but noted that there were still four months to go until the games are set to be opened.

"We will keep acting in a responsible way in the interests of the athletes," Bach said.

British rowing great Matthew Pinsent wrote on Twitter that the comments from Bach, his former IOC colleague, were "tone deaf."

"The instinct to keep safe (not to mention obey govt instructions to lock down) is not compatible with athlete training, travel and focus that a looming Olympics demands of athletes, spectators organisers," Pinsent wrote.

Responding to the criticism from Hayley Wickenheiser, a four-time Olympic hockey gold medalist, the IOC said it was "counting on the responsibility and solidarity of the athletes."

Members reinforce faith in IOC

The IOC repeated its steadfast stance after a conference call with sports governing bodies, many of which have not completed qualification events for Tokyo.

"There is no need for any drastic decisions at this stage; and any speculation at this moment would be counter-productive," the IOC said.

That message was repeated after Wednesday's conference call by IOC executive board member Robin Mitchell, the interim leader of the group of national Olympic bodies known as ANOC.

"We share the view that we must be realistic, but not panic," Mitchell said in a statement released by the IOC on behalf of the Oceania Olympic group.

Offering unanimous support for the IOC's efforts to resolve qualification issues, the 41-nation Pan-American group noted challenges facing potential Olympians.

Australian Olympic Committee chief executive Matt Carroll said his organized recognized there was a global health crisis, but equally was assured by the IOC that the games would go ahead.

"We recognize people are suffering -- people are sick, people are losing jobs, businesses are struggling amid enormous community uncertainty. Things are changing everyday and we all must adapt," Carroll said.

"We owe it to our Australian athletes to do everything we can to ensure they will participate with the best opportunity in those Games."

Australia's team delegation leader said the focus now was "moving to the planning of our pre-Games preparation to ensure we get our athletes to the Games healthy, prepared and virus free."

"Clearly that is a major challenge for all National Olympic Committees," he said.

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