'Factors like money or...,' KKR CEO reveals reason behind not retaining Shreyas Iyer
IPL 2024: KKR skipper Shreyas Iyer fined for slow over rate against Rajasthan Royals Photograph:( X )
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The franchise, however, will be going in the auction with INR 51 crore (just above $6 million). This is because IPL deducts INR 69 crore (roughly $8.5 million) if four capped and two uncapped players are retained.
The franchise, however, will be going in the auction with INR 51 crore (just above $6 million). This is because IPL deducts INR 69 crore (roughly $8.5 million) if four capped and two uncapped players are retained.
Indian Premier League (IPL) franchise Kolkata Knight Riders (KKR) CEO Venky Mysore has revealed the reason behind not retaining skipper Shreyas Iyer ahead of the mega auction. Mysore said that KKR was keen to retain Iyer but he wanted to 'test his market value' in the upcoming auction.
"He was No. 1 on our list (for retention). He's captain and we have to build everything around the leadership. We picked him for this specific reason in 2022," said Mysore while talking to RevSportz.
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"What is fundamental to a retention is that it's a matter of mutually agreeing. It's not a one-sided right that the franchise has, the player has to consider various factors and agree," he added.
"Somewhere along the line, if that agreement doesn't happen because of factors like money or someone wants to test their value, then the decision is influenced.
"In this case, it so happened that he felt it was best, and we're always supportive of the players when it comes to going to the auction and testing their value," the CEO further said.
Ahead of the retention deadline, KKR retained Sunil Narine, Andre Russell, Rinku Singh, Varun Chakaravarthy, Ramandeep Singh and Harshit Rana.
KKR retained Rinku for INR 13 crore (around $1.6 million) and spent INR 12 crore each (approximately $1.5 million) for Narine, Russell and Chakravarthy. The two uncapped players were paid INR 4 crore each (about $500,000). In total, KKR spent INR 57 crore (a bit above $7 million) out of their total purse of INR 120 crore ($15 million).
The franchise, however, will be going in the auction with INR 51 crore (just above $6 million). This is because IPL deducts INR 69 crore (roughly $8.5 million) if four capped and two uncapped players are retained.
The league allots INR 18 crore (around $2 million) to the first and fourth capped pick, INR 14 crore (nearly $1.75 million) for the second capped player and INR 11 crore (about $1.3 million) to third capped player while the two uncapped players get $500,000.
