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New Delhi: The five time IPL champions Mumbai Indians had a decent IPL season last year as they qualified for the semi-final last year but they will look to strengthen their side for IPL 2026. The IPL confirmed on Saturday that the MI bowling all-rounder Arjun Tendulkar to Lucknow Super Giants (LSG) and in return brought back leg-spinner Mayank Markande through a trade with Kolkata Knight Riders (KKR). IPL 2026 Retention Rules The IPL 2026 season will not feature a mega auction. Instead a mini auction will be held giving all franchises greater control over their existing squads. Teams can decide which players to retain or release based on their budget and overall strategy. Teams may retain as many players as they want. Each squad must consist of 18-25 players. The total spending must remain within the Rs 120 crore salary cap. Full List of  Retained players by Mumbai Indians S.NO NAME COUNTRY 1. Rohit Sharma India 2. Suryakuamar Yadav India 3. Tilak Verma India 4. Robin Minz India 5. Ryan Rickelton South Africa 6. Hardik Pandya  (c) India 7. Naman Dhir India 8. Mitchell Santner New Zealand 9. Will Jacks England 10. Corbin Bosch South Africa 11. Raj Bawa India 12. Trent Boult New Zealand 13. Jasprit Bumrah India 14. Deepak Chahar India 15. Ashwini Kumar India 16. Raghu Sharma India 17. Alllah Ghazanfar Afghanistan Full List of Released players by Mumbai Indians S.NO NAME COUNTRY PRICE 1. Satyanarayana Raju India  Rs 0.3 crore 2. Reece Topley England Rs 0.75crore 3. KL Shrijith India Rs 0.3 crore 4. Karn Sharma India Rs 0.5 crore 5. Arjun Tendulkar India Rs 0.3 crore 6. Mujeeb-ul- Rahman Afghanistan Rs 2 crore 7. Lizaad Williams South Africa Rs 0.75 crore 8. Vignesh Puthur India Rs 0.3 crore 9 Bevon jacobs New Zealand Rs 0.3 crore How much purse money will Mumbai Indians have for IPL 2026 auction? Mumbai Indians have Rs 2.75 crore left in their purse for the IPL 2026 mini-auction. With this amount they can make a few calculated additions to bolster their squad. MI will likely focus on filling specific gaps whether in batting or bowling while spending wisely to keep their lineup balanced and competitive for the upcoming season. When is IPL 2026 mini-auction? The Indian Premier League (IPL) 2026 mini-auction is scheduled to be held on December 16 in Abu Dhabi making it the second year in a row that the auction will take place outside India. Earlier in 2024 and 2025 the IPL auction was held in Jeddah Saudi Arabi.