DHAKA: IPL franchises will be allowed to retain five cricketers during the 2014 Indian Premier League auction to be held on February 12 with the option of buying back a limited number of players through the newly introduced `right to match` provision.

After a series of discussions, the IPL Governing Council today came up with a number of regulations related to Players` Contracts, Squad Compositions and the Retention of Players in advance for the 2014 Auction.

"The Pepsi IPL 2014 Player Auction will be held on 12 February, and if necessary, 13 February 2014. The venue of the auction will be announced soon," BCCI said in a release, reports The Times of India.

"A franchise may sign up to a maximum of 5 players (either capped or uncapped, no more than four of whom may be capped Indians) who were in its squad in 2013, including those who were unavailable during the season and those who were taken as temporary replacements."

Apart from the cricketers who are retained in advance, all other players will have to enter the 2014 player auction process if they want to play in the IPL in 2014, the release said.

BDST: 2025 HRS, DEC 24, 2013
Edited by: AM Imran Ali, Newsroom Editor/ Robab Rosan, Current Affairs Editor