- Teams will have a budget of 80 crores
- Last year it was 66 crores
- The auction will be held in Bengaluru
- 5 players can be retained by a franchisee
A top BCCI official confirmed the dates of the auction for this year’s edition of the IPL. IPL 2018 auction will be held from January 27th to 28th in Bengaluru. The auction is expected to be a grand affair with a few change in rules coming into place. Teams have been given a bigger transfer kitty of 80 crores as compared to 66 crores from last year. Teams have also been given the permission to retain five players with bidding to take place for the remaining of the squad.
Teams have been given time until January 4 to submit their retention lists .The BCCI itself will make public their full list of to-be-auctioned players on January 18. This year’s affair will be bigger than last given the increased powers in the hands of the franchisees. A new TV deal and increased revenues have resulted in not only teams being handed a larger amount to play with but also increased the chances of each team strengthening themselves even more. The BCCI has also introduced two right to match cards for each team which are expected to be a game changer in the auction. Franchises will go all out with team owners and coaches present with full strength strategic teams to build a 25-member (max) squad. Each team will have to spend at least 75 percent of the salary cap (INR 60 crore) by the end of the two-day procedure.
“Since most of the capped players will be back in auction, it will be a mega auction that will be held in Bengaluru on January 27 and 28. Since Bengaluru has been hosting all previous auctions, that was the choice of franchises,” a senior BCCI official said on Tuesday. The IPL Governing Council has hiked the salary budget of the franchises from Rs 66 crore to Rs 80 crore for the auction. “The minimum spend will be 75 percent of the salary cap for each season”.
Be sure to tune on to Sony Six and Sony Max on 27th and 28th to watch India’s biggest cricket festival kick-off amid much buzz and ado.