IPL Retention: Everything that you need to know about the new RTM rule

In what will be a resurgence of the Right to Match cards re-introduced in the IPL auction, the BCCI has introduced a slight tweak to the rule that was previously in place.

Accordingly, if a team decides to exercise the RTM card, the highest bidder will be given an opportunity to raise their price and the player’s former franchise will have to match the new amount.

The rule as explained by IPL, states, “The highest bidder will be given one final opportunity to raise their bid for a player before the team holding the RTM card can exercise their right. For example, if Team 1 holds the RTM for Player X and Team 2 has placed the highest bid of INR 6 crore, then Team 1 will be first asked if they will exercise RTM, if Team 1 agrees, then Team 2 will have the chance to increase their bid. If Team 2 raises their bid to INR 9 crore, then Team 1 can use the RTM and acquire Player X for INR 9 crore. If Team 2 chooses not to raise the bid and keeps it at INR 6 crore, Team 1 can use the RTM and get Player X for INR 6 crore."