IPL AUCTION is where players in the common pool are sold to the highest bidder as per the IPL rules and regulations about the formation of the squads.
The unpredictable nature of auction makes it even more exciting as some unknown domestic player gets a multi-million dollar deal.
In IPL Auction the players are bought for three years for the amount paid during the auction. That means the player gets the auction price every year. The auction is yearly event conducted by Board of Control for Cricket in India (BCCI) to auction the cricket players to various franchisees. IPL franchises fiercely bid for the listed players. In IPL Auctions every team has the right to release or retain any number of players.
The player whose contract has been bought for three years by a franchise gets the amount of the winning bid, each year for the next three years.
The unsold players at the end of the auction are also in contention to be brought in as replacements any time before or during the tournament.
Its interesting to know if how much budget does each team gets,right? To give you some idea; each franchise in the IPL gets a purse of INR80 Crore to assemble the team of Domestic and International Indian players and foreign players. Franchises can of course go as much close to INR80 Crore as wished.
In the latest IPL auction that happened in December 2019, Kings XI Punjab had the highest amount- INR 42.70 Crore. Glenn Maxwell and Sheldon Cottrell are the prime players that they could bid heavily and were able to eventually purchase them. By the end of the auction, still King XI Punjab had the highest amount left in the purse INR16.5.
There are different Categories of Players in the IPL Auction:
-The Capped Indian Players are basically Indian players who have represented India senior’s team in any format of game at least once.
-Uncapped Indian Players are domestic players in the India first-class circuit who have never represented India.
-The Foreign Overseas Players are players which can be capped or uncapped player, or a player from an associate of cricket nation.
The teams undergo prolonged deliberations with the staff and management, the coaches, the retained players and captains before the Auctions. As IPL Auctions are team building in nature,the synergy of the entire team has to be taken into consideration. The captains and the coaches play the major role in the Auctions.
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