MI to retain Sachin for next two seasons
IPL franchise Mumbai Indians have informed the Indian Premier League authorities that they were retaining four players Sachin Tendulkar, Harbhajan Singh, Kieron Pollard and Lasith Malinga for the next two seasons of the league.
According to Times of India, a Mumbai Indian spokesperson said on Wednesday that "Mumbai Indians have confirmed that we are retaining two players - Sachin Tendulkar and Harbhajan Singh - among Indians and two foreign players - Kieron Pollard and Lasith Malinga". The MI official also claimed that the franchisees have the option of retaining more than one foreigner in their squad as per the decision of the IPL governing council on retention of players.
A media release issued by the BCCI over player retention after the meeting of the IPL Governing Council on September 5th stated that "Up to including four players per franchise may be signed for retention of which only up to three shall be Indian players. The Player must have been included in the franchise's registered squad for the 2010 season.
As a result of MI's decision to retain all four players as permitted, the franchise will have only $4.5 million at their disposal for buying the remaining members for 2011 and 2012 at next month's player auction as its salary cap has been halved. The player contract will be for a period of two years plus one year right of extension by franchise, as per the decision of the IPL's governing council.
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