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Virat Kohli retained by RCB at higher price, KKR dump Gautam Gambhir

MS Dhoni, Suresh Raina and Ravindra Jadeja have returned to Chennai Super Kings (CSK) while Steven Smith is back with Rajasthan Royals(RR).

Virat Kohli retained by RCB at higher price, KKR dump Gautam Gambhir

Captain Fantastic: Kohli captains Royal Challengers Bangalore in the cash-rich IPL

Virat Kohli on Thursday became the only player to be retained by an IPL – Royal Challengers Bangalore -franchise for an amount higher than that set by the IPL (INR 15 crore) for the first player retained, while Kolkata Knight Riders dumped their long standing captain Gautam Ghambir.

MS Dhoni, Suresh Raina and Ravindra Jadeja have returned to Chennai Super Kings (CSK) while Steven Smith is back with Rajasthan Royals(RR).

CSK and RR are back in the IPL after serving two-year ban.

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Eight teams have retained only 18 players-three each by CSK, Delhi Daredevils, RCB and Mumbai Indians. Sunrisers Hyderabad, KKR (two each) Kings XI Punjab and Rajasthan Royals (one each).

In a press release, Royal Challengers Bangalore said, “For the 11th season of IPL, we are pleased to retain Virat Kohli, AB de Villiers and Sarfaraz Khan.

Virat has been a part of Royal Challengers Bangalore since the inception of the league and is the team’s captain – on and off the field.

“We believe that together Virat, AB de Villers and Sarfaraz embody the ‘play bold and fearless’ outlook that is inherent in RCB, and we are excited to retain them for IPL 2018.”

Kohli will receive Rs 17 crore by RCB for the 2018 season. Young batsman Sarfaraz Khan was the only uncapped player to be retained at the player-retention event in Mumbai on January 4.

After, the 10th edition year of the tournament in 2017, the existing squads were disbanded, apart from the players retained by the teams.

The 2018 edition of the IPL will see most of the participating teams having a new look if one goes by the retention list.

The list was released on Thursday, the last day for the submission on the names to the IPL

The following players were retained by the teams.

Chennai Super Kings

MS Dhoni (Rs 15 crore), Suresh Raina (Rs 11 crore), Ravindra Jadeja (Rs 7 crore)

Delhi Daredevils

Rishabh Pant (Rs 8 crore), Chris Morris (Rs  7.1 crore), Shreyas Iyer (RS  7 crore)

Kings XI Punjab

Axar Patel (6.75 crore)

Kolkata Knight Riders

Sunil Narine (Rs 8.5 crore), Andre Russell (Rs 7 crore)

Mumbai Indians

Rohit Sharma (Rs 15 crore), Hardik Pandya (Rs  11 crore), Jasprit Bumrah (Rs  7 crore)

Rajasthan Royals

Steven Smith (Rs 12 crore)

Royal Challengers Bangalore

Virat Kohli (Rs 17 crore), AB de Villiers (Rs 11 crore), Sarfaraz Khan (Rs 1.75 crore)

Sunrisers Hyderabad

David Warner (Rs 12 crore), Bhuvneshwar Kumar (INR 8.5 crore)

The IPL set the salary cap to form a squad for 2018 at INR 80 crore (approx. $12.4 million). A franchise is allowed to pick up to five of their existing players through a combination of retention ahead of the auction and the right-to-match card during the auction.

A team can retain up to three players ahead of the auction and use a maximum of three right-to-match cards during the auction.

If a franchise retains the maximum of three players before the auction, it will lose from the salary cap INR 15 crore for the first player, INR 11 crore for the second, and INR 7 crore for the third.

If only two players are retained, then the first will cost the franchise INR 12.5 crore from the salary cap, and the second INR 8.5 crore. If only one player is retained, then he will cost the franchise INR 12.5 crore from the salary cap.

The IPL has also imposed a salary cap of INR 3 crore for uncapped players retained before the auction.

Each franchise can retain a maximum of three capped India players, two overseas players and two uncapped Indian players.

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