Mumbai Indians, today, announced the appointment of Mahela Jayawardene as the Head Coach of Mumbai Indians, a position he previously held from 2017 to 2022.
The purse for the 2025 auction is INR 120 crore. The IPL also set various retention slabs - INR 18 crore, INR 14 crore, and INR 11 crore for the first three capped retentions, and INR 18 crore and INR 14 crore for the next two, with uncapped Indians fetching a maximum of INR 4 crore - but franchises are allowed to divide the capped retention pot of INR 75 crore among five capped players as they wish.
Travis Head and Nitish Kumar Reddy also likely to be retained by last season's IPL finalists
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Meanwhile, a major talking point in the IPL is that several players, some big names at that, are opting not to be retained, choosing instead to test their market value in the auction. They are emboldened by the new Right to Match (RTM) rule, which allows the highest bidder one final chance to lift their bid to the amount of their choice before the RTM is exercised. Although the new clause has faced opposition from some franchises, it has empowered player agents - especially those representing foreign players - to start negotiations with teams for better deals. While a new franchise may not always secure the player, the auction can drive up the player's value to the desired amount. Some player managers, it is learnt, have opened up back channel discussions for their clients.