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Melbourne: Australian captain Ricky Ponting fears that scrapping the salary cap of Indian Premier League franchisees might take away the competitive edge from the exciting Twenty20 tournament.
Ponting has urged IPL bosses not to abolish the $5 million salary cap, else the wealthier owners will run away with all the prized players and cricket's new sensation will lose its competitive flavour.
"I have heard there may be no salary cap, but I am not sure if that will be good for the IPL," Ponting was quoted as saying in Herald Sun.
"The more I have thought about it, it might be detrimental to the whole set-up.
"We want good, competitive cricket with lots of international players playing good, close games," he said.
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