Salary cap for IPL teams hiked from â¹66 crore to â¹80 crore
The Indian Premier League Governing Council has hiked the salary cap for IPL franchises to â¹80 crore for the 2018 season from â¹66 crore last year. The franchises will be allowed to spend â¹82 crore for 2019 and â¹85 crore for 2020. The teams will need to spend at least 75% of the salary cap each season. 