As the IPL 2025 retention deadline looms on October 31, all ten franchises in the world's biggest T20 league are racing against time to lock in their core players.
Teams must finalise the list of five retained players while utilizing a single Right to Match (RTM) card. The rest of the squad will re-enter the pool, making the IPL 2025 Mega Auction - scheduled on November 22 in Saudi Arabia - a blockbuster event.

The new rules for the 18th edition of IPL are adding intrigue to the retention strategies. With a limited number of retention spots, teams will have to make some difficult calls on both star and emerging players. How franchises use their purse will also play a key role, as exceeding or underpaying a retained player's bracketed value will directly affect the team's budget.
Among all franchises, the spotlight remains on the Mumbai Indians (MI), the most successful IPL team with five titles. After a forgettable 2024 season under newly appointed captain Hardik Pandya, the franchise's retention strategy will be under scrutiny.
MI's transition from their most successful leader, Rohit Sharma, to Hardik Pandya came with some turbulence, leaving fans wondering whether Rohit would part ways with the franchise. However, reports suggest the owners have pacified Rohit, who seems willing to play under Hardik's leadership in IPL 2025.
The IPL retention rules have a specific bracketed salary structure for retained players. Here's how the brackets work for the five retained players:
If a franchise decides to pay a player more than their designated bracket, the extra amount will be deducted from the team's auction purse. For example:
- If Capped Player 2 is offered INR 17 crore instead of the assigned INR 14 crore, the team will lose INR 17 crore from their total purse, effectively reducing their budget by an additional INR 3 crore.
On the other hand, if the team negotiates to pay less than the bracketed value, the original retention value will still be deducted. For instance:
- If a team offers INR 12 crore for Capped Player 2, INR 14 crore will still be deducted from their auction purse, ensuring fairness across franchises.
Given the purse dynamics, MI might have to be tactical in how they allocate retention slots. Bumrah could emerge as the first capped player, taking a top spot with INR 18 crore. Similarly, Rohit, SKY, and Hardik will occupy different retention positions, but their salary allocations might not align with the traditional hierarchy of captain-first retention.
For instance, while Hardik Pandya leads the squad, it is plausible that SKY-as India's T20I captain-gets a higher payout, given his international stature. Rohit Sharma, too, could command a top salary due to his historic association with the franchise and ongoing role as India's captain in Test and ODI formats. This interplay of retention slots and player salaries will make retention day an intense affair not only for MI but for all franchises.
Mumbai Indians' decision-making will particularly be watched closely as they try to rebuild for IPL 2025. Will they make Bumrah their first retention? How will they allocate salaries between Rohit, SKY, and Hardik? The answers will shape the narrative of IPL 2025 even before the auction begins.