The event will be held on the same day as India’s second ODI tour of South Africa, which is set for December 19 at Gqeberha.
The ten IPL clubs have until November 15 to submit their list of retained and released players, and the auction pool will be finalized in early December thereafter.
Each team will receive INR 100 crore (approx. USD 12.02 million) to build their roster for the 2024 season, an increase of INR 5 crore over last season’s INR 95 crore purse. The value of the players they release, along with their unspent purses from the 2023 auction, will determine how much each team has to spend on auction day.
The Punjab Kings currently have the largest purse – INR 12.20 crore (USD 1.47 million), while the Mumbai Indians have the smallest – INR 0.05 crore (USD 0.006 million). Sunrisers Hyderabad have INR 6.55 crore (USD 0.79 million); Both Gujarat Titans and Delhi Capitals have INR 4.45 crore (USD 0.54 million); Lucknow Super Giants have INR 3.55 crore (USD 0.43 million); Rajasthan Royals have USD 3.35 crore (USD 0.40 million); Kolkata Knight Riders have INR 1.65 crore (USD 0.2 million); and the defending champions Chennai Super Kings have INR 1.5 crore (USD 0.2 million).
Despite being only a one-day event, compared to the two-day mega auction held every four years, mini-auctions have produced some of the most expensive deals, especially in the category of overseas players. Sam Curran became the most expensive player in the history of the IPL when he was bought by Punjab for INR 18.5 crore in December last year, ahead of the 2023 season. , who recently said that he will “definitely” return to the IPL after an absence eight years. Pat Cummins, who missed out on the IPL last year, is also expected to put his name up for auction. Travis Head, Chris Woakes, Alex Hales, Sam Billings, and Gerald Coetzee are among the other notable franchise players expected to see at the auction.
(With input from ANI)
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