Salary cap for IPL teams hiked from ₹66 crore to ₹80 crore
The Indian Premier League Governing Council has hiked the salary cap for IPL franchises to ₹80 crore for the 2018 season from ₹66 crore last year. The franchises will be allowed to spend ₹82 crore for 2019 and ₹85 crore for 2020. The teams will need to spend at least 75% of the salary cap each season.