EXPLAINED: Franchise purse for IPL auction and the new ‘match fee’

The IPL Governing Council has announced new regulations for the 2025-27 season, featuring an increased salary cap and the introduction of match fees. Franchises will have an auction purse of INR 120 crore, while players will earn INR 7.5 Lakhs per match in addition to their contracted amounts, enhancing overall player earnings.