IPL Auction:Priority bidding includes rules, usage limits, balance

IPL Auction:
Here’s everything you need to know about the Indian Premier League Mini Auction starting December 23rd in Kochi.

The Indian Premier League (IPL) 2023 auction will take place in Kochi on Friday (December 23rd).

Everything you want to know about the IPL 2023 auction is here.

When and where is the auction?

A player auction will be held on his December 23rd at the Grand Hyatt in Kochi. It starts at 2:30 pm.

Each team has a cap of 25 players, including 8 international cricketers. 87 slots will be available after the transfer window and player retention. Up to 30 of them are foreigners. An estimated 75 players fall under the hammer.

Cumulative purse available for all franchises is Rs. 206.5 million. Sunrisers Hyderabad come in with a max purse of Rs. The Rs. 42.25 crore Kolkata Knight Riders (Rs. 705 crore) is the lowest available.

How are auctions conducted?

Each of his first 86, divided into the first 13 lots, will be read out by auctioneer Hugh Edmies. An accelerated auction will then begin, depending on remaining slots and available wallets. Each franchise will be asked to submit the names of her 10 players, and only those names will be read out along with the names of his initial 86 unsold players list. If necessary, a second round of accelerated auctions will take place. # Do you have an incremental bid amount?

yes. In a statement shared with franchisees, BCCI outlined the following incremental bidding process.

  • Bidding up to Rs. 1 crore:
    Increment from Rs. 5 million
  • Bidding from Rs. 1 crore to Rs. 2 crore:
    Increment from Rs. 10 lakh
  • Bidding from Rs. 2 crore to Rs. 3 crore:
    Increment from Rs. 20 lakh
  • Bidding after Rs. 3 kroner:
    Increased at auctioneer’s discretion but not less than Rs. 20 lakh.

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