IPL poster boy Jadeja may be dumped

Allowed a $12.5 million purse, teams are shuffling their packs to have around $3-4 million for transfers and auctions.

Chennai had paid Jadeja $2 million.Ravindra Jadeja, the biggest draw in the 2011 auction where he was snapped up for a whopping sum of more than $2 million by the Chennai Super Kings, is likely to be released by the franchise. The former IPL champions are also likely to release South African all-rounder Albie Morkel.

With the October 31 deadline over for retaining or releasing the players ahead of the transfer window and auction, the teams have submitted the list of players they want to retain/release to the board. It is learnt that several high profile players are likely to be released.

ALSO SEE: MI won't drop Harbhajan

While Pune Warriors are set to dump New Zealand batsman Jesse Ryder, Kings XI Punjab are parting ways with England fast bowler Stuart Broad, who has said he will not be available for the next edition. Six others, including Abhishek Nayar and Ramesh Powar are also likely to exit. Mumbai Indians, it is learnt, are likely to retain skipper Harbhajan Singh for the next edition.

With teams allowed a total budget of $12.5 million to buy players, they are shuffling their packs to have around $3-4 million for the transfer window and the auction to be held later.

Sun TV, the new Hyderabad team owners, are apparently building their team with players from the now defunct Deccan Chargers. Some of the Chargers' players told HT that they had been contacted by the new franchise. "I received a call today from Sun TV Network. They checked about my plans for the next season," said a player.

Another said the new IPL franchise sought his email address and other basic details. "We have been following BCCI's directives but I can't divulge things at this point," said VC Unnikrishnan, chief financial officer of Sun TV Network. The players not retained by the franchise will go to the auction pool.

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