On Saturday night, BCCI's IPL Governing Council unveiled these guidelines, sparking excitement among fans and franchises. The updated retention rules for upcoming IPL 2025 season will have a major impact on the mega auction and team strategies.  In IPL 2025, franchises will have the option to retain up to maximum six players, which can include both capped and uncapped players. Each franchise can retain a maximum of five capped players and maximum of two uncapped players. The teams will also have the option to use Right to Match (RTM) card, which will help teams in solidifying their core lineup and influence movement of key players. As reported by Cricbuzz, franchises must submit their final retention list by 5 PM IST on October 31. If any uncapped player makes their debut for the Indian team during this period, they will be classified as a capped player, resulting in a change to their retention category. "It may be noted that for retention purposes, any player who gets capped on or before October 31, 2024, will be considered a capped player." How much amount will have to be spent for retention? Franchises will need to take their purse value into account when retaining players. For the IPL 2025 season, teams are required to spend ₹75 crore from a total purse of ₹120 crore to retain five capped players. IPL 2025 Mega Auction venue and date The venue and date for IPL 2025 mega auction have not yet been disclosed. However, reports suggest it may take place outside of India, as it did last year. The event is likely to be hosted in either Dubai, Doha, or Saudi Arabia, with November 16-17 or November 23-24 identified as potential dates.