The Indian Premier League is in the news once again and this time, it’s for the auction of the players. The auction of the players in this year’s IPL will take place on 20th of February. The auctions are finally taking place, after many speculations and rumors about the same. In the IPL this year, 76 players will be up on the podium, for the teams to bid on.
IPL 2017 Auctions; Who Would Gain What
Before the onset of the auctions in Bangalore, the team franchises will be going to a meeting before the auctions take place. The auction procedure will start only after the BCCI has confirmed the list of players who are willing to get under the hammer. The maximum budget that the franchises can use this time, is Rs 143.33 crores.
A team can select a maximum of 27 players and can have a maximum of 9 foreign players. The highest expenditure that each team can have in this year’s IPL auction, is capped at Rs 66 crore, which is roughly around $10 million.
The auctions were supposed to be held on 4th of February. However, owing to the tension in the BCCI and the removal of the president Anurag Thakur and secretary Ajay Shirke by the Supreme Court has led to the delay of the auction dates.
The auction this time round, seems to be a pretty good one, for the two-time champions, the Kolkata Knight Riders, as they are having the smallest team of 14 players and just 4 foreigners. However, teams like RCB and MI will face problems as they are already haveing 20 players each in their pursuit, thus lowering the number of new sign ins, that they can have.
This is supposed to be the last season of the IPL before the teams are completely dismantled, as most of the contracts of the teams will be expiring with the 2017 session. The teams would then be allowed to retain only a set number of players whom they would choose and the exact number of players that a team can retain will be decided by the officials.