IPL 2024 Auction: The Indian Premier League (IPL) player auction for the 2024 season will take place in Dubai on December 19, marking the first time the event will be held outside India.
The IPL 2024 auction will clash with the second one-day international (ODI) between India and South Africa, which is scheduled to be played in Gqeberha on the same day.
The ten IPL franchises have a deadline of November 15 to submit their lists of retained and released players, after which the pool of players available for the auction will be finalised by early December.
The teams will have a budget of INR 100 crore (USD 12.02 million approximately) each to build their squads for the IPL 2024 season, which is an increase of INR 5 crore from the previous season’s budget of INR 95 crore. The amount they can spend on the auction day will depend on the value of players they release and their leftover money from the 2023 auction.
Punjab Kings have the biggest budget at present – INR 12.20 crore (USD 1.47million) – while Mumbai Indians have the smallest at INR 0.05 crore (USD 0.006 million). The other teams have the following budgets: Sunrisers Hyderabad – INR 6.55 crore (USD 0.79 million); Gujarat Titans and Delhi Capitals – INR 4.45 crore (USD 0.54 million) each; Lucknow Super Giants – INR 3.55 crore (USD 0.43 million); Rajasthan Royals – USD 3.35 crore (USD 0.40 million); Royal Challengers Bangalore – INR 1.75 crore (USD 0.21 million); Kolkata Knight Riders – INR 1.65 crore (USD 0.2 million); and Chennai Super Kings – INR 1.5 crore (USD 0.18 million).
The auction, which will be a one-day event unlike the two-day mega auction that happens once every four years, has seen some of the most expensive purchases in the past, especially of overseas players. In December last year, Sam Curran became the costliest player in IPL history when Punjab bought him for INR 18.5 crore.
Many prominent overseas players are expected to join the upcoming auction, such as Australian fast bowler Mitchell Starc who said he was “definitely” returning to the IPL after an eight-year break. Pat Cummins, who skipped the IPL last year, is also likely to participate in the bidding. Some other key players that franchises are looking forward to are Travis Head, Chris Woakes, Alex Hales, Sam Billings, and Gerald Coetzee.
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