IPL 2023 Auction Rules – IPL Auction LIVE: The IPL 2023 auction is on everyone’s mind. Cricket fans are going crazy as to which one of their favourite superstars are likely to feature for which team in IPL 2023. Over 400 players will go under the hammer, but only limited slots are required to be filled. With a cap on purses for each franchise, they need to be smart when it comes to their pickings. InsideSport decoded all the IPL auction rules and also the 5 new auction rules for the franchises, along with the BCCI’s explanation. So, are you ready? Here we go then. Watch IPL Auction LIVE Streaming on Jio Cinema &
IPL 2023 Auction LIVE: Less than 12 hours to go for IPL Auction, follow Minute by Minute IPL Auction LIVE Updates
IPL 2023 Auction Rules: IPL Auction Rules Explained, BCCI gives explanation of 5 new Action Rules to the franchises: Check OUT & Follow IPL Auction LIVE
𝐆𝐞𝐭𝐭𝐢𝐧𝐠 𝐀𝐮𝐜𝐭𝐢𝐨𝐧 𝐑𝐞𝐚𝐝𝐲 👌💰
Less than 24 hours to go for #TATAIPLAuction 2023 ⏳ pic.twitter.com/LHFPaUbxoR
— IndianPremierLeague (@IPL) December 22, 2022
The IPL 2023 auction will take place at Grand Hyatt in Kochi on December 23. The official start is scheduled at at 2.30 pm.
a. How many slots are up for grabs?
Each team is limited to 25 players, including eight overseas cricketers. Following the transfer window and player retention, 87 slots are available. Up to 30 of them may be foreigners. It is expected that approximately 75 players will be auctioned off.
b. How much can teams spend?
The total purse available to all franchises is Rs. 206.50 crore. Sunrisers Hyderabad will enter with the highest purse – Rs. 42.25 crore, while Kolkata Knight Riders will have the least – Rs. 7.05 crore.
c. Players available for IPL auction 2023
A total of 991 players around the world have registered for the IPL 2023 auction. It was later trimmed to 405, out of which 273 are Indian players. However, it is not mandatory that all 273 players be included in the auction.
d. How will the Auction proceed and what is accelerated auction?
- Hugh Edmeades, the auctioneer, will read out each of the first 86 names, divided into the first 13 sets.
- The accelerated auction will then begin, depending on the remaining slots and purse available. Each franchise will be asked to submit the names of ten players.
- Only those names, along with those from the first 86’s unsold list, will be read out. If necessary, a second round of an accelerated auction will be held.
e. Incremental bids scenario
The BCCI outlined the following incremental bid process in a communication to franchises:
- Bids up to Rs. 1 crore: Rs. 5 lakh increments
- Bids from Rs. 1 crore to Rs. 2 crore: Rs. 10 lakh increments
- Bids from Rs. 2 crore to Rs. 3 crore: Rs. 20 lakh increments
- Bids above Rs. 3 crore: Increments at the discretion of the auctioneer, but no less than Rs. 20 lakh.
Pre-auction Team Briefings 📄✅
Countdown for the #TATAIPLAuction 2023 begins 😎 pic.twitter.com/xCOSKBLCnZ
— IndianPremierLeague (@IPL) December 22, 2022
IPL 2023 Auction Rules: IPL Auction Rules Explained, BCCI gives explanation of 5 new Action Rules to the franchises: Check OUT & Follow IPL Auction LIVE
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