IPL 2024 Mini Auctions: Date, Time, Venue, Format, Base Price : The Indian Premier League (IPL) is one of the world’s most popular cricket leagues, and after the end of the 16th season, fans are looking forward to the start of the 2024 season.
In 2024, the IPL will enter its 17th season. The tournament is scheduled to begin in March or April 2024 and will last around two months. There are currently no set dates for the IPL 2024 season. However, before the season begins, the Board of Control for Cricket in India (BCCI) is preparing for the Indian Premier League (IPL) 2024 mini-auction, which is expected to take place in late December.
All 10 IPL teams will start preparation for IPL 2024 mini auction just after the ongoing ICC ODI World 2023. Tournament will concluded on November 19 at Ahmedabad.
Here are some details of IPL 2024 mini Auction.
Date & Venue Of IPL 2024 Mini Auction
The exact date and location for the mini-auction will be revealed following the end of the ODI World Cup 2023 in India. Several cities are now competing to host the IPL auction. The frontrunners are Mumbai, Jaipur, Ahmedabad, Kochi, and Kolkata, and the decision will be made based on a number of factors.
The IPL 2023 auction took held in Kochi on December 23, 2022. The IPL’s 10 clubs spent a total of INR 167 crores to recruit 80 players, 29 of whom came from outside India. The IPL 2023 auction was place on December 16, 2022 in Bangalore, little over three months before the competition began. This can be used as blue prints for IPL 2024 Auctions and same date and timeline can be followed.
IPL 2024 Mini Auction Format
Each IPL franchise is granted a budget of Rs 90 crore to assemble the best possible roster from across the world, comprising capped and uncapped Indian players as well as overseas players. Teams are not allowed to spend the entire Rs 90 crore, but at least 75% (Rs 60 crore) must be allocated to players. The top five players may account for 30-40% of a team’s budget.
The amount of players listed at an IPL auction is not restricted and changes year to year. The number of players stated is decided by who registers and is accepted by their respective countries/boards. These players may represent another country’s capped, uncapped, or associate cricket nation.
One significant change in the forthcoming mini-auction is the elimination of the team retention restriction. In contrast to past seasons, teams will be able to keep as many players as they like, adding to the excitement and unpredictability of the bidding process.
IPL 2024 Mini Auction: Purse Value Of Teams
The BCCI increased the purse to INR 95 crores in 2023, a 5 crore increase. According to the Indian Cricket Board, the IPL 2024 purse is expected to increase by INR 10 crores to INR 100 crores. They utilise this money to assemble the best possible team, which includes foreign players as well as capped and uncapped Indian players.
While teams are not required to spend the whole Rs 100 crore, the regulations require at least 75% of the revenue to be spent on players. The best five players on a squad may receive between 30 and 40% of the money.
IPL 2023 Auction Brief Details
The IPL’s 10 teams spend a total of INR 167 crores in the IPL 2023 Auction to recruit 80 players, 29 of whom were from outside India. Sam Curran became the most expensive player in Indian Premier League (IPL) auction history when Punjab Kings paid INR 18.50 crore for him. Ben Stokes, his countryman, was signed by Chennai Super Kings for INR 16.25 crore, while Cameroon Green, their Australian opponent, was signed by Mumbai Indians for INR 17.50 crore.