IPL 2018: Auction, dates, venue, player retention and all you need to know

11th edition of the Indian Premier League is all set to become a major affair with the return of chennai super kings and rajasthan royals after serving two year ban.

MS Dhoni's return will be the biggest positive for Chennai Super Kings while coming back into the game. MS will also look forward to resuming his captaincy with CSK.

This will arguably be the biggest IPL auction since the start of the tournament, with a lot of big names set to feature in the two-day event.

Ahead of the annual tournament's next edition, here is everything you need to know about the auction.

IPL 2018 Auction Dates & Venue

The Auction for IPL 2018 edition is scheduled to be held in Bengaluru on January 27 and 28, the Press Trust of India reported on Tuesday (December 19).

What is the Right to Match (RTM) rule?

RTM rule is latest Addition to the new rules, which allows a franchise to retain a player for the same price as that of other franchises who are bidding for the same player. 

For example, if any player is bid by any other team for Rs 3 crore, his current team will have the option to retiain him through the RTM card for the same price. The teams can retain three of their players through this rule.

What is the rate of the latest salary cap for players?

This year's auction will see teams having an increased budget of Rs 80 crore from previous Rs 66 crore. In all five players can be retained by a franchise, which includes two Right to Match cards.

Each team will have to spend at least 75 per cent of the salary cap (INR 60 crore) by the end of the two-day procedure. Retained players will have a more dynamic effect on the team's salary purse depending on the number of players retained by the franchise.

Meanwhile, Chennai Super Kings and Rajasthan Royals will be able to retain players for the teams which they have played. For example, Steve Smith, who played for Rising Pune Supergiants, can be retained by Rajasthan Royals only, and not Chennai Super Kings, as he has played for RR.

A team will be able to retain three capped India players, two uncapped Indian players and two overseas players.

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