New Delhi: Media reports suggest the Indian Premier League's Governing Council has floated the idea of introducing a 'Joker's Card' in the IPL-7 players' auction that is scheduled for February next year.
The governing council (GC) has reportedly agreed to the team owners' suggestion of allowing every team to retain five players, for which each franchise will have to shell out Rs 39 crore of their salary cap of Rs. 60 crore.
However, the GC has reportedly went a step further to give franchises the option of retaining more players by using their 'Joker's card.'
Using the card means whichever team bids highest for the said cricketer, the original franchise/employer will have first right of refusal. A teams retaining five players can play as many as three 'Joker cards', but the teams that don't retain any players will have the option of playing the 'Joker' five times.
The GC is expected to meet in the coming few days to arrive at a decision on the...