Sunday, October 20, 2013

Hero Hockey India League increases salary cap of each franchise by $75,000

NEW DELHI, October 20, 2013: Hockey India League has decided to raise the franchisees’ salary cap for the second season of the Hero HIL, scheduled from January 23 to February 23, 2014, by $75,000 (Rs 46 lakh).

Hockey India secretary general and Hero Hockey India League chairman Dr. Narinder Batra said the Executive Board had decided to the request of the franchisees to raise the salary cap. “After the enormous success of inaugural Hero HIL, our franchise partners requested for an increase in the salary cap in the coming season,” he said.

“Each franchise now has an additional Rs 46 lakh available to buy new players to complete its squad in place of permanent withdrawals for the coming season,” he said. “The Mini Players Auction/Closed Bid is scheduled for November 18, with 154 players signing up for the auction.”

The salary cap for each Franchisee in the inaugural season was $650,000(Rs 3.96 crore) which is now increased to $725,000 (Rs 4.42 crore).

In the inaugural season, 70 top domestic players including the Indian national side as well as 50 international players who are part of the national squads of Australia, New Zealand, South Africa, Netherlands, Germany, Malaysia, Spain, and Argentina played for the five teams.

Of the 120 players who played in the inaugural Hero Hockey India League, 60 were Olympians. The list includes winners of the prestigious FIH Player of the Year Award including Jamie Dwyer (2004, 2009, 2010, 2011), Teun de Nooijer (2003, 2005, 2006) and Moritz Fuerste (2012). Seven of the top 10 FIH rated players played in the Hero HIL 2013.

A HI Press release


No comments:

Post a Comment