IPL auction to be held in Kochi on December 23
IPL Trophy [Source: Twitter]
The much anticipated Indian Premier League auction is all set to take place in Kochi on December 23. The event will be a mini-auction unlike the previous mega auction where franchises had to build their teams from the very beginning.
The franchises will participate with their leftover purse from last year. In addition to that the teams will have an additional purse of INR 5 crore. Making the overall auction pure a whopping INR 95 crore.
Franchises leftover purse
- Punjab Kings: INR 3.45 crore
- Chennai Super Kings: INR 2.95 crore
- Royal Challengers Bangalore: INR 1.55 crore
- Rajasthan Royals: INR 0.95 crore
- Kolkata Knight Riders: INR 0.45 crore
- Gujarat Titans: INR 0.15 crore
- Mumbai Indians: INR 0.15 crore
- Sunrisers Hyderabad: INR 0.10 crore
- Delhi Capitals: INR 0.10 crore
The player pool will be finalised by early December, after franchises submit their list of released players. Unlike the auction last year, this year's 'mini-auction' will be wrapped up in one day.