ESPNCricinfo reported on Thursday that the Indian Premier League (IPL) auction would take place in Dubai on December 19. It would be the first time an auction has ever been held abroad.
The auction pool will be settled in early December, and the 10 IPL clubs have until November 15 to submit their list of retained and released players.
To build their rosters for the 2024 season, each club will earn INR 100 crore (about USD 12.02 million), an increase of INR 5 crore above the INR 95 crore awarded to the teams for the previous season. The worth of the players each club releases and their unspent purses from the 2023 auction determine how much money each team has to spend on auction day.
With INR 12.20 crore (USD 1.47 million), the Punjab Kings now have the largest purse, while the Mumbai Indians have the smallest at INR 0.05 crore (USD 0.006 million). Chennai Super Kings, the defending champions, have INR 1.5 crore (USD 0.2 million); Kolkata Knight Riders have INR 1.65 crore (USD 0.2 million); Rajasthan Royals have USD 3.35 crore (USD 0.40 million); Lucknow Super Giants have INR 3.55 crore (USD 0.43 million); Sunrisers Hyderabad have INR 6.55 crore (USD 0.79 million).
Mini-auctions, which take place over one day instead of the two-day mega auction every four years, have resulted in some of the most expensive bargains, especially when it comes to foreign players. Prior to the 2023 season, Sam Curran was acquired by Punjab for INR 18.5 crore in December of last year, making him the most expensive player in IPL history.
The next auction is anticipated to feature a number of well-known foreign players, like as Australian fast bowler Mitchell Starc, who recently said that he will "definitely" return to the IPL following an eight-year hiatus. Pat Cummins is also anticipated to put his name up for sale. Pat skipped the Indian Premier League last year. Franchises also expect to see notable players like Gerald Coetzee, Alex Hales, Chris Woakes, Travis Head, and Sam Billings at the auction.
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