Today is the last day for the IPL franchises to announce the players they intend to keep for the next year and according to reports on CNN-IBN, Harbhajan Singh may not be part of the Mumbai Indians when the list comes out.
According to a report on ESPNCricinfo, MI officials have apparently promised to buy him back in the auction. The real reason for the Mumbai Indians deciding to offload their skipper is to increase their kitty for the player auction.
It has also been said that the Mumbai Indians are shelling out more than $12 million as they had purchased some players through the transfer window last year. So they need to cut down the running costs.
MI may also leave out South Africa's Richard Levi, who has struggled with his form. Johan Botha may be left out by Rajasthan Royals while Pune Warriors India have done away with New Zealander Jesse Ryder.
England T20 skipper Stuart Broad may also be offloaded by the Kings XI. The fast-bowling allrounder is yet to make his IPL debut despite being bought by Kings XI ahead of IPL 2011 and the franchise believes that he may play too much in the next season either due to England's international commitments.
ESPNCricinfo added that Kings XI will also release six more players including Mumbai allrounder Abhishek Nayar and former off-spinner Ramesh Powar.
Of course, teams may also have to think whether certain other players have been worth the money that was paid for them. Leading that list would certainly be Chennai Super Kings' Ravindra Jadeja ($2 million). Since being picked for the IPL team, his form has dropped and he isn't even part of the Indian setup anymore.
Pune might also want to rethink whether Robin Uthappa has been worth the $2.1 million that was paid for him while Kolkata Knight Riders will be feeling that Yusuf Pathan hasn't given them the value for $2.1 million that was spent on him.
On the other hand, a revision might also be in order for younger cricketers who were bought for a lot of money. And top of that list is most probably Saurabh Tiwary who was signed by the Royal Challengers Bangalore for an astronomical $1.6 million.
The clubs, on their part, might like to call this a realignment of sorts but it is surely a sign of cost-cutting as well. Is it time for the excesses of the IPL to be purged?