Since the two teams will be replacing the suspended Chennai Super Kings and Rajasthan Royals for two years, the question has been the sustainability for the potential investors as the time span is very short for any big business venture.
A senior BCCI office-bearer today said that 'Reverse Bidding' is one of the options that will be discussed at the board's AGM on November 9.
The classical definition of reverse bidding or reverse auction states: "In a reverse auction, the buyer puts up a request for a required good or service. Sellers then place bids for the amount they are willing to be paid for the good or service, and at the end of the auction the seller with the lowest amount wins."
The official, however, did not say anything about whether it will be a 10-team league from 2018.
"Look, our contracts with all the sponsors and the official broadcasters ends after the 2017 edition. Post that, we will start with a clean slate and all players would go back to auction," the official added.