Image Credit- BCCI
When a player switches teams within the trading
window, they are considered to have made a player trade from the IPL franchise
that acquired them. A trade might be a player-for-player exchange or an
all-cash transaction. The player-trading window opens one month after a season
concludes, remains open until one week before to the auction date, and then
closes one month before the next season begins, as per IPL regulations. Thus,
the auction is set for December 19, and the trade window will remain open until
December 12; it will reopen on December 20 if necessary, up to one month before
the 2024 season starts.
The trading window was activated in 2009, when Mumbai
Indians got Shikhar Dhawan from erstwhile Delhi Daredevils (now Delhi Capitals)
in exchange for Ashish Nehra.
A player moving from Team A to Team B in an all-cash
transaction is referred to as a one-way trade. In the event of Hardik Pandya,
the Gujarat Titans’ signing fee prior to the 2022 player auction, shall be
reimbursed to Team A by Team B in an amount equal to the player’s auction
price. In the past, there have also been all-cash transfers in the Indian
Premier League. One such trade occurred in November 2022 when the Kolkata
Knight Riders acquired Lockie Ferguson and Rahmanullah Gurbaz.
Before a player is traded, his agreement must be
obtained. It’s thought that the Mumbai Indians and Titans started talking about
Hardik’s move right after the 2023 IPL to determine whether a player swap or an
all-cash deal would be made. Hardik had “expressed a desire” to
return to Mumbai, which ultimately paid INR 15 crore in an all-cash transfer,
according to Titans director of cricket Vikram Solanki.
The franchise has the last say in that scenario on
whether the player stays with them or not.
In addition to the player’s purchase price, a transfer
fee is the sum of money that a team pays to another during a transaction.
Mumbai gave Titans an unknown transfer fee in Hardik’s case, and a franchise’s
auction funds will not be impacted by this sum. Before the transaction is
finalised, the franchises agree on the transfer fee. A transfer fee has no
upper limit; nonetheless, only the Indian Premier League and the participating
teams are aware of its exact sum.
Indeed. A player’s share of the transfer money may be
up to 50%, depending on the terms of the deal he and the team selling him have
made. The player’s portion of the transfer fee may not always be received.