How does the Indian Premier League IPL 2024 auction work? Every year, the Indian Premier League takes place in the early months, to the great delight of over 50 million viewers. Along with it, the IPL auction became India’s national adopted festival. The unpredictability of auctions makes them one of the best exciting cricket tournaments for millions of cricket fans around the world. Domestic players may receive multi-million dollar deals, while proven international performers may go unsold.
The BCCI has announced that the IPL 2024 auction will be held on December 19, 2023. During this IPL 2024 auction, different franchises will purchase players that were previously released by other franchises. The complete auction schedule, along with the players’ prices, will be made public.
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What is IPL Auction?
Auctions take place in anticipation of the upcoming IPL tournament season where it decides the fates of Indian and foreign players who are playing in the tournament. IPL teams interested in a particular player will bid for them. If the player has a good track record and multiple teams are interested in including them in their team, then multiple teams will bid. The team that makes the highest bid will acquire the player.
How Does the Auction Work (Rules and Process)?
IPL auction has raised the team purse by Rs 5 crore from the previous year, amounting to Rs 100 crore. The amount of money each franchise has on auction day will be determined by the worth of the players they release. Furthermore, any unspent funds from 2023 will be carried over.
Currently, Punjab Kings (PBKS) have the highest purse at Rs 12.20 crore (USD 1.47 million), while Mumbai Indians have the lowest at Rs 0.05 crore (USD 0.006 million). Sunrisers Hyderabad’s prize is 6.55 crore (USD 0.79 million), whereas Delhi Capitals and Gujarat Titans both have Rs 4.45 crore (around USD 0.54 million) in their possession.
Primarily there are 3 types of players in any IPL team:
- Capped Indian players who have represented the country’s senior team in any format at least once.
- Uncapped Indian Players who are in the first-class circuit but have never represented India.
- Foreign or Overseas Players (Non-Indian Players), can be capped or uncapped. However, an IPL team can only hold a maximum of eight foreign players, with only four being allowed to field at one time.
What is Right-To-Match (RTM) in IPL?
Right-To-Match card is basically an option for the current franchise owner of a player to match the price of the players sold during an auction in order to control the player price at the same. During the auction process, the Right to Match (RTM) rule is applicable to players who are being bid for. If a team wishes to keep a player in their squad and can match the highest bid amount, they can apply the RTM rule to show their willingness to match the required amount and secure the player’s retention in the team.
IPL Auction 2023
The TATA IPL 2023 Player Auction held in Kochi witnessed all the ten franchises collectively spending INR 1,67,00,00,000 and making a total of 80 player purchases.
The auction was dominated by the all-rounders, who were in high demand. Before his name went under the hammer, English all-rounder Sam Curran was the talk of the town and he created history by becoming the most expensive player ever sold in the IPL auctions. He announced his return to the Punjab Kings with a top bid of INR 18.50 Crore.
Meanwhile, Mumbai Indians and Chennai Super Kings bought Cameron Green and Ben Stokes respectively for INR 17.50 Crore and 16.25 Crore. Indian batting star Mayank Agarwal was purchased by Sunrisers Hyderabad for INR 8.25 crore, along with explosive English batter Harry Brook who also had a successful auction. Pace sensation Shivam Mavi became the most expensive bowler, with defending champions Gujarat Titans acquiring his services for INR 6 crores. The intriguing mind games and intense bidding wars were just glimpses of the upcoming action-packed TATA IPL 2023.
Top buy in IPL Auction 2023. Before going to the IPL 2024 Auction, let’s take a look at the highest-paid cricket players in the IPL 2023 season.
IPL 2024 Auction Date and time
It is the IPL auction 2024 date and time, according to BCCI
IPL 2024 Auction Teams: CSK, DC, GT, RR, LSG, MI, PBKS
Total Franchises: 10 Teams
Total Players: 300+ Players
IPL 2024 Auction Date December 19, 2023
IPL 2024 Auction Venue Dubai
IPL 2024 Auction Players List
This is the list of the top 7 anticipated player list for the IPL 2024 auction with their Cricket Style
- Ben Stokes – All-Rounder
- Simranjeet Singh – Bowler
- Sheikh Rashid – All-Rounder
- Anukul Roy – Bowler
- Mohammad – Siraj Bowler
- Sisanda Magala – Bowler
- A Nortje – BowlePL
IPL 2024 Auction Released Players
| Team Name | IPL 2024 Auction Released Players |
| Chennai Super Kings | Sisanda Magala, Ben Stokes, K Jameson, Simranjeet Singh, Sheikh Rasheed |
| Gujarat Titans | Y. Dayal, K. Williamson, P. Sangwan, Dashun Sanaka, Odeon Smith |
| MI Released Players | C. Jordan, H. Shaukeen, Duan Janesan, Arshad Khan, Tristan |
| Lucknow Supergiants | J. Unadkat, Avesh Khan, Deepak Hooda, Quinton D Cock, Daniel Sams |
| RCB Released Players | Anuj Rawat, H. Patel, Dinesh karthik, Shahbaz ahmed, F. Allens |
| Rajasthan Royals | Joe root, J. holder, N. Saini, Ryan parag, KC Cariappa |
| KKR Released Players | A Russel, N. Jagadeesan, Lockie Ferguson, D Weise, Mandeep Singh |
| Punjab Kings | H Bhatia, Rishi Dhawan, B Rajapaksha, Mathew Short, Raj Angad |
| Delhi Capitals | David Warner, Manish pandey, R. Patel, Prithvi shah, M Rahman |
| Sunrisers Hyderabad | M Agarwal, Harry Brooks, Umran malik, Kartik Tyagi, W. Sundar |
5 Players in Race to Get Highest Bid in IPL 2024 Auction
Daryl Mitchell is an exceptional talent for the Kiwi team, is expected to be the center of IPL 2024 auction. He is currently among the top five run-scorers in the World Cup 2023 tournament. In addition to his batting prowess, Mitchell also possesses the ability to take crucial wickets for the team. This makes him a highly sought-after player. It is worth noting that Mitchell played in two games for the Rajasthan Royals (RR) during which he displayed his remarkable all-round skills.
During the semi-final match of the ODI World Cup 2023 against South Africa, Travis Head showcased his impressive all-round skills by scoring a half-century and taking two wickets. As he plans to register himself for the upcoming IPL Auction, teams will be keen on having him as an all-rounder on their respective sides.
Lockie Ferguson is currently one of the fastest bowlers going around and is predicted to get the highest bid in the IPL 2024 auction. The Kiwi quick bowled just 46 balls in IPL 2023, picking up just one wicket at an economy of 12.52.
New Zealand’s all-rounder Rachin Ravindra stunned the cricketing world with his debut World Cup performance. He broke Sachin Tendulkar’s record and was the biggest World Cup surprise. He is set to earn a huge sum in the upcoming IPL 2024 auction.
Another name that will probably go under the top buy in this 2024 IPL auction season is Gerald Coetzee, a bowling all-rounder from South Africa. He can consistently hit the 150 kmph mark and bat responsibly at the end. He is a versatile player who could be an asset to any IPL team. All franchises will likely bid for him in the upcoming auction.
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IPL 2024 Auction - Frequently Asked Questions
Yes, the players are paid the amount they are bought for at the auction, for all the three years that they are retained by the team. The salaries of the IPL players have been decided in their best interest. If players want to earn more money, they may choose to be released and enter the next auction.
The unsold players are free to play matches elsewhere. However, franchises remain in touch with the unsold players they are interested in so that they can rope them in if they need a replacement player.
In the Indian Premier League auction, the base price is the minimum amount that a team can offer for the services of a player. Prior to the IPL auction, the player sets the price and submits it to the Board of Control for Cricket in India (BCCI), along with a no-objection certificate from his parent board allowing him to take part in the tournament.
Here is the top 8 richest franchise in IPL based on the money they have spent from the past 13 years
- Royal Challengers Bangalore – 738 Crore.
- Mumbai Indians – 713.43 Crore.
- Kolkata Knight Riders – 686.99 Crore.
- Delhi Capitals – 657.96 Crore.
- Kings XI Punjab – 627.56 Crore.
- Chennai Super Kings – 591.98 Crore.
- Sunrisers Hyderabad – 477.87 Crore.
- Rajasthan Royals – 452.94 Crore