IPL teams face October 31 player deadline
The IPL franchises have been given an opportunity to reduce their player costs, should they wish to do so, because of a tweak to regulations made by the league’s governing council earlier this month. The franchises have been asked to submit a list of players they want to retain for the next season, to be played in April-May 2013, by October 31 while the rest will go into the next auction.
What this effectively means is that a franchise can release a player who was bought at a high price, make sure he is included in the auction pool, and then try and buy him at a lower price.
Continued here: IPL teams face October 31 player deadline