How Does the IPL Auction Work?

How Does the IPL Auction Work?

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The Indian Premier League or the IPL is one of the most popular, watched, and visited sporting events in the whole world. The IPL is India’s take on the domestic T20 cricket league with the adopted format of the limited 20 overs per side. The league was founded by the Board of Control for Cricket in India (BCCI) back in 2008, with the first-ever edition being played in April of that year. But similar to other grand sporting events, there’s a lot that goes into the preparations before its commencement, including an auction. In this article, we will explain all about IPL auction rules, systems, and other details.

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How Does an IPL Auction Work?

The IPL auction decides the fate of players and their team for the season. In the IPL auction, teams bid for the listed players, and the highest bidders acquire them for their team. Similar to the actual sport, the auction is a very interesting and exciting event to watch for the fans. It is the deciding ground for the players and their entry or exit from the squad. The bidders at this event are comprised of team managers, owners, analysts, and coaches of all the participating teams, who spend their given budget wisely to compose the official squad for the season.

How Much Budget Does Each Team Get?

As of the latest season of the Indian Premier League, which is season 15, the maximum budget given to each participating team is INR 90 crores (11.9 million USD). The budget was INR 80 crores if we take a look back at the mega auction of 2018, but it has now been increased by a sum of INR 10 crores. There were ten total participating teams in the latest season of the Indian Premier League, meaning the total auction budget capacity was INR 900 crores. The per team budget is to be spent on assembling the squad, including capped, uncapped, and overseas players.

Different Categories of Players in IPL

While talking all about IPL auction rules, we should also mention the different categories of players that are listed in the event. The three types of players are;

  1. Indian Capped Players- Who has represented the official senior cricket team of India in any format of the sport at least once.
  2. Indian Uncapped Players- Includes Indian players who play first-class domestic cricket and haven’t represented India.
  3. Overseas or Foreign Players- These are the overseas players belonging to other countries other than India. These players can be capped or uncapped in their respective nations.

An IPL team must be comprised of no more than 8 overseas players, and only 4 of them can be part of the playing eleven lineups at one time.

How Many Players are Listed in the Auction?

The upper limit for players being listed in an IPL auction has no particular capacity. This is why the numbers differ from season to season. The total listed player count depends on various factors, like the number of players that have signed up for the auction, meeting the various additional criteria, and other things. Taking the IPL 2022 into consideration, there were a total of 590 listed players in the auction, out of which only 161 players were up for bidding on the first day. The remaining 429 players went for bidding the following day of the auction. The authority of the 10 playing teams would bid to acquire players for their squad within the set INR 90 crore budget and an upper limit of a maximum of 25 players.

What is the Base Price?

Each listed player, at the IPL auction, has a base price, which is the minimum value from which the bidding will start. For example, if a player has a base price of INR 20 lakhs, then the bidding will start from that margin and will go as high as the bidders are willing to pay in order to acquire him. Players can also set their own base value for that auction, as long as it is over INR 10 lakh and stays under the INR 2 crore limit.

Who is the Auctioneer?

When talking all about IPL auction rules and systems, we must not forget the crucial role of the auctioneer. The person who is solely responsible for supervising the auction procedure is called the auctioneer. The auctioneer announces the base prices of the players during the IPL auction, continues to handle the sale by accepting bids, announces raised prices, and finally slams the hammer to finalize a deal.

What are the Player Retention Policies in IPL?

As stated in the 3-year contract signed by IPL franchises, each team can retain up to 4 players. Within this 4 retainable player tally, a team can retain no more than 3 Indian players and 2 overseas players. Under the topic of all about IPL auction, the consequences of retaining players are ought to be mentioned. Teams will get an INR 42 crore deduction for retaining 4 players, INR 33 crore deduction for retaining 3 players, INR 23 crore deduction for retaining 2 players, and INR 14 crore deduction for retaining 1 player, out of their determined 90 crore budget.

What is Right-To-Match (RTM) in IPL?

In the topic all about IPL auction, the Right-To-Match is a very important aspect. With the help of the Right-To-Match (RTM) card, an IPL team can bring back one of their previously contracted players, apart from the four retained ones. If the highest or deciding bid for a player is made, the previous franchise, that had contracted the player, gets the chance to match that amount in order to retain him. The franchise can use the RTM card and match the bidding amount to re-sign one of their players back and if not, the highest bidder will acquire that player.

What is a Trading Window and the Player Replacement Policies?

A trading window is a set time period within which the IPL franchises can trade or sell their players among each other, with the involved player’s consent. The two franchises can therefore negotiate in regards to the payable player fee and if there are any differences between the new and the old contracts, the involved team will have to handle it financially. Also, if the new contract is more gainful, the profit is to be shared with the old franchise and the player.

Players can not be traded or sold outside the specific trading window. As for player replacements, they can be done at any time during the ongoing tournament.

What Occurs to the Unsold Players After the Auction?

Not all players are acquired by a franchise at the IPL auction and these players, who remain unsold in the first auction round, can be brought along by the interested franchises during the accelerated bidding round. Also, an IPL team can contact and sign any unsold players as replacement players during an ongoing tournament. This is a key part of the topic of all about IPL auction rules and regulations.

What is the Accelerated Bidding?

When the first day of the IPL auction ends with the completion of 18 sets comprised of 161 players, the IPL franchises can therefore nominate a set of players that previously went unsold or are yet to go under the hammer. This list with the set of nominated players is to be submitted before 10 PM on the first auction day. These selected players will then go for bidding the next day as a part of the “accelerated bidding” procedure. This helps to breeze through the auction as franchises can then focus on the players that they are interested in and filter out any unwanted players.

Do All the Listed Players Get Auctioned on the First Day?

While knowing all about IPL auction rules and procedures, one should take note that all of the listed players do not go under the auction procedure on the first day. The Indian Premier League auction is a multiple-day procedure and the first day is the most significant one. The first-day auction starts off with a marquee list of players for bidding. After this, some players including batsmen, bowlers, all-rounders, etc. go out for bidding. In IPL 2022 auction only 161 players out of 590 went under the hammer on the first day, while the remaining players went in the following day.

Who Gets the IPL Auction Money?

The players, who are bought at the auction for a specific amount, get that money as salary and they are signed for a three-year period. For example, if a player was bought during the IPL auction for INR 50 lakhs, then the franchise, that has acquired that player, is responsible to pay him INR 50 lakhs per year of the contracted three-year period. If a player requires more money, he can request the franchise to release him for future auction purposes. Even if the acquired player gets injured during the ongoing seasons, the franchise is bound to pay him his full salary. If the player reports to the team injured before the start of the season, he is qualified to retain at least half of his yearly salary. If a medically fit player plays only a few matches and warms the bench for most of the season, he is also entitled to receive his full decided salary.

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