The Indian Premier League’s month-long trading window will open on Monday, IPL chairman Lalit Modi has confirmed.
The trading window, which allows the eight franchisees to buy and sell players already contracted with teams in the IPL, was due to open on December 15 but was deferred by a week due to the terrorist attacks in Mumbai.
Over the last couple of days, the governing council of the IPL held discussions with franchisees of the teams to finalise regulations for the next edition of the Twenty20 competition.
"The meeting on player trading regulations is an important step in helping franchisees redress the integral balance of their playing squads to make them more competitive," Modi said in a statement.
"I am certain that the trading window set to open on Monday will see some active trading – which will only result in significantly improving the competitiveness of the franchisees."
The IPL have endorsed the decision to increase the maximum number of foreign players in a team to 10, but have restricted the number to just four in the playing XI.
There would be no salary cap on players traded, while all teams can trade players only with the consent of the player.
Teams will not be allowed temporary replacements to cover the partial unavailability of a player during the season, but teams could sign up a temporary replacement if an already-contracted player is unavailable for the whole season.
The IPL have also confirmed a player auction would be held on February 6 for teams to sign up fresh players.
Each team will be allowed a maximum sum of US$2 million to spend on signing fresh players either through the auction or by signing uncapped foreign players.