The time period of the participant deal is one particular year, Together with the franchise possessing the option to extend the agreement by one or two years. Because the 2014 year, the participant contracts are denominated in the Indian rupee, right before which the contracts were being in U.S. pounds. Abroad players can be remunerated during the currency of the participant's selection on the Trade fee on possibly the agreement due day or the actual day of payment.[37] Just before the 2014 time, Indian domestic players were not included in the participant auction pool and will be signed up through the franchises at a discrete quantity when a set sum of ₹10 lakh (US$13,000) to ₹30 lakh (US£39,000) would get deducted for each signing within the franchise's salary purse.
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The Purple Cap is awarded to the top wicket-taker in the IPL in the course of a year. It is an ongoing Opposition Together with the chief carrying the cap through the entire Event until finally the ultimate game, Along with the eventual winner maintaining the cap for that period.[eighty one]
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