The signing of uncapped players will give a final shape to the squads of 10 teams in the fray.
The teams will use the remaining balance of their USD nine million salary cap to buy these players.
"According to IPL regulations the uncapped Indian players can be taken on fixed fees which are determined by when they first played First Class or List A cricket," a BCCI release said.
As per the pay structure for the uncapped players, cricketers, who have not played or first played Ranji Trophy, First Class or List A in the 2009-10 or 2010-11 season will get Rs 10 lakh per annum.
Rs 20 lakh per annum is for the players, who first played Ranji Trophy (First Class or List A) in the 2006-07, 2007-08 or 2008-09 seasons.
Those cricketers, who first played Ranji Trophy (First Class or List A) in the 2005-06 or earliers seasons, will have a salary cap of Rs 30 lakh per annum. The players auction concluded yesterday in Bangalore with 127 players were bought by different teams.
Out of a total of 127 players sold in the auction India had the maximum were from India (45) followed by Australia (36), South Africa (18), Sri Lanka (9), England (7), New Zealand (7), West Indies (3), Bangladesh (1), Netherlands (1).
The 2011 IPL season will start from April 8, 2011 and conclude on May 28.
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