Stokes secured a 1.7m-pound-deal in 2017 and went on to win the season's most valuable player award.

Under the captaincy of Gambhir, KKR have reached the playoffs on three occasions besides winning two seasons of the IPL.

The role for Kirsten has yet not been confirmed as Daniel Vettori, the current head coach for RCB, will remain in the team's coaching staff.

The head coach's job was informally held by Sehwag after Team India batting coach Sanjay Bangar resigned in December 2016.

The 38-year-old retired from all forms of cricket at the Feroz Shah Kotla Stadium in the T20 match against New Zealand.

A franchise can secure a maximum of three capped Indian players and a maximum of two overseas players.

The IPL Governing Council also hiked the salary budget of the franchises from Rs 66 crore to Rs 80 crore for the next year's auction.

The order against BCCI came after CCI found the cricket body using its dominant position for imposing restriction that deny access to the market for organisation of professional domestic cricket league or events.

In the meeting between the BCCI and franchise owners, there was a split over the issue.

Rajasthan Royals have made a suggestion to do away with retention policy as well as Right to Match (RTM) while Kings XI Punjab wanted the retention policy to stay at two players.

The meeting witnessed top management representatives or owners of all the eight original teams voicing their opinion.

Daredevils chief executive Hemant Dua confirmed that the former India fast bowler who was present right from the start will no longer be a part of the franchise.

The Rising Pune Supergiants and Gujarat Lions that replaced Chennai Super Kings and Rajasthan Royals will not be part of the new IPL season.

The proposal if accepted will mean that Dhoni, who played for Rising Pune Supergiants in the last two editions, will be retained by CSK.

The 42-year-old also rejected speculations of joining the England camp as the bowling coach for the first three Tests of Ashes series in Australia this summer.

The official revealed that the agreement like the one between the BCCI Star India attracts a stamp duty of 0.5 percent of the total value.

The Kings will be coached by former New Zealand skipper Stephen Fleming while Faf du Plessis will, in all likelihood, be named captain.

For India broadcast bid, Sony's singular bid was Rs 11,050 to Star's Rs 6196 crore.

At USD 512 million, the annual media rights of three cricket boards including the BCCI, ECB and Cricket Australia combined is at par with what IPL commands (USD 508 million).

Star India made a single consolidated offer for rights worldwide, which includes India broadcast, India digital and the rest of world broadcast and digital.