NEW DELHI: India’s domestic stars along with high-profile foreigners will be in the spotlight at the two-day Indian Premier League (IPL) mega auction which will take place on November 24 and 25 in Jeddah, Saudi Arabia.
A total of 577 players will go under the hammer as the 10 teams will look to shape their three-year future at the high-profile auction.
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There are 204 possible slots to be filled with the 10 franchises having a cumulative kitty of Rs 641.5 crores.
Here’s a look at everything you need to know ahead of the two-day event.
Auction timings
The mega-auction will begin at 1:00 PM local time (3:30 PM IST) on both days, shortly after the conclusion of Day 3 and 4 of the Perth Test.
First session – 3:30 PM IST to 5 PM IST
Lunch Break – 5 PM IST to 5:45 PM IST
Second session – 5:45 PM IST to 10:30 pm IST
The marquee lists
This time, the marquee players are divided into two lists, each featuring six players.
List 1
Rishabh Pant
Shreyas Iyer
Jos Buttler
Arshdeep Singh
Kagiso Rabada
Mitchell Starc
List 2
KL Rahul
Yuzvendra Chahal
Liam Livingstone
David Miller
Mohammed Shami
Mohammed Siraj
The 577-players’ list
After 1574 players registered for the auction, the list has been narrowed down to 577 players, with last-minute addition of England seamer Jofra Archer and USA’s Indian-origin player Saurabh Netravalkar, comprising 367 Indians and 210 overseas players.
Across the 10 teams, a total of 204 slots are available, including 70 designated for overseas players.
The auction purse for each team
Punjab Kings – Rs 110.5 crore (maximum)
Rajasthan Royals – Rs 41 crore (minimum)
Royal Challengers Bengaluru – Rs 83 crore
Delhi Capitals – Rs 73 crore
Lucknow Super Giants – Rs 69 crore
Gujarat Titans – Rs 69 crore
Chennai Super Kings – Rs 55 crore
Kolkata Knight Riders – Rs 51 crore
Mumbai Indians – Rs 45 crore
SunRisers Hyderabad – Rs 45 crore
The highest and lowest reserve prices
Rs 2 crore is the highest reserve price and 81 players have registered at this amount.
The lowest reserve price however has been increased from Rs 20 lakh to Rs 30 lakh.
Among the marquee players listed earlier, all except David Miller have set their reserve price at Rs 2 crore. The Proteas batter has opted for a reserve price of Rs 1.5 crore.
The buzz around mega auction, this time
Rishabh Pant, last season title winning captain Shreyas Iyer and KL Rahul are set to ignite intense bidding wars during the early marquee sets.
The mega-auction marks the first in the era of impact substitutes, a factor poised to shape auction strategies and trends significantly.
The auction order
The auction will kick off with the two marquee sets.
Following this, the first set of capped players, categorized into batters, fast bowlers, wicket-keepers, spinners, and all-rounders, will go under the hammer.
Next, uncapped players from similar categories will be up for bidding, followed by another round of capped players.
Once these rounds are complete, the accelerated auction will commence.
The accelerated auction
Although the auction list includes over 500 players, not all of them will go under the hammer.
The accelerated auction process will begin with the 117th player. The BCCI has informed the 10 franchises that the first accelerated phase will cover players numbered 117 to 577.
By 10 PM IST on the first evening of the two-day event (November 24), franchises must nominate a specified number of players from this group.
Once these players are auctioned, franchises will be invited to submit names of unsold or unauctioned players for another round of the accelerated process.
The Right-To-Match card
The Right to Match (RTM) card, last used in the 2014 and 2018 mega-auctions but omitted in 2022, has made a return this year.
RTM allows teams to reacquire a player from their previous season’s squad by matching the winning bid.
However, this time, there’s a twist: instead of automatically securing the player by matching the bid, the team making the winning bid gets one final chance to raise their offer without any cap.
For instance, if a player is won at Rs 5 crore and the player’s previous team exercises their RTM, the winning team can increase their bid, say to Rs 10 crore. The previous team will then have to decide whether to use their RTM at this new price or let the player join the bidding team.