IPL mini auction in Chennai on 18 February: India first choice for the tournament, UAE second option; All 8 teams will be able to spend Rs 196.6 crores

The mini-auction for the 14th season of the Indian Premier League (IPL) will take place in Chennai on 18 February. IPL management confirmed this through social media. According to him, India is the first choice for organizing the tournament this year. UAE is placed as the second option.

Management said that at present, Syed Mushtaq Ali should talk about IPL only after the tournament. Because then we will be able to say better whether it will be right to conduct the tournament in the country or not. Government approval will also be required for the tournament.

8 teams release 57 players

This time 8 IPL franchises have released a total of 57 players. Rajasthan Royals released captain Steve Smith and Kings XI Punjab released Glenn Maxwell. Teams will be seen placing big bets on them in the auction. Royal Challengers Bangalore released the maximum number of 10 players. At the same time, Punjab 9, Rajasthan 8, Mumbai 7, Chennai, Kolkata and Delhi 6-6, and Hyderabad 5 players out of the team.

8 franchises will be able to spend only Rs 196.6 crores in the auction

On January 20, all 8 teams released the list of the retainers and release players. All retained 139 players with a total value of Rs 483.39 crore. At the same time, the franchise released 57 players worth Rs 196.6 crore. That is, now all 8 franchises will have Rs 196.6 crore to spend in IPL auction 2021.

How many players will be maximum and minimum in a team?

This time the IPL will be with 8 teams, while in the 2022 season, 2 teams will be increased. This year there will be a mini-auction. There may be a mega auction next year. In the 2020 mini-auction, 8 teams had bid to select 332 players in 73 slots. Out of this, only 62 foreign players, including 29 foreign and 33 Indian players, were purchased.

All franchises can have a maximum of 25 and a minimum of 18 players in their team. There can be as many as 8 foreign players in any team.

What is a mini-auction?

In the mini-auction, the franchisees have to bid to fill the gap left in the team. In this, the franchise can retain as many players as possible. Everyone else will be put in the trade window except for the retainers.

The franchisees are required to submit the list of the Retired Players and the Players removed from their respective squads within a specified time to the IPL Governing Council.

The franchisee buys new players by combining the rupees from the salary cap of the withdrawn players and the money paid in the purse from the IPL.

Franchisees have to buy players keeping in mind the full strength of the squad.

Apart from the auction, teams also have the option of trade windows

Teams also have the option of a transfer window. Under this, players can change the franchise with the mutual consent of both teams. Teams will be able to trade in uncapped as well as capped players. According to IPL Governing Council Chairman Brijesh Patel, the trade window will be closed on February 4.