Win Projections to be updated soon
In a historic move, the IPL 2024 player auction will cross borders and be hosted in Dubai, departing from its traditional venue in India. This significant shift will take place on December 19, coinciding with the second ODI of India’s tour of South Africa. With the anticipation building, here’s what fans can expect from this groundbreaking event.
Team Preparations and Auction Pool
Before the auction takes place, the ten IPL teams have until November 15 to submit their lists of retained and released players. This process is crucial as it will determine the final pool of players available for bidding in December. Each team is allocated a purse of INR 100 crore (approximately USD 12.02 million) to construct their squads for the 2024 season. This represents a notable INR 5 crore increase from the previous season’s purse of INR 95 crore.
The amount each team can spend on auction day hinges on multiple factors, including the value of players released and any unspent funds from the 2023 auction.
Purse Variations
The current purse standings vary among the franchises, with Punjab Kings holding the highest purse at INR 12.20 crore (USD 1.47 million). In contrast, the Mumbai Indians have the smallest purse, with just INR 0.05 crore (USD 0.006 million).
The remaining teams fall in between, with Sunrisers Hyderabad at INR 6.55 crore (USD 0.79 million), Gujarat Titans and Delhi Capitals at INR 4.45 crore (USD 0.54 million) each, Lucknow Super Giants at INR 3.55 crore (USD 0.43 million), Rajasthan Royals at INR 3.35 crore (USD 0.40 million), Royal Challengers Bangalore at INR 1.75 crore (USD 0.21 million), Kolkata Knight Riders at INR 1.65 crore (USD 0.2 million), and defending champions Chennai Super Kings at INR 1.5 crore (USD 0.18 million).
Noteworthy Player Prospects
Mini auctions have previously yielded some of the costliest purchases, especially among overseas players. In preparation for the 2023 season, Sam Curran made IPL history as the most expensive player, securing a whopping INR 18.5 crore deal with Punjab Kings.
The upcoming auction is expected to feature several renowned overseas players, including Australian fast bowler Mitchell Starc, who recently confirmed his return to the IPL after an eight-year absence. Pat Cummins, another high-profile cricketer, is also likely to enter the bidding process. Other key players franchises are eager to see at the auction include Travis Head, Chris Woakes, Alex Hales, Sam Billings, and Gerald Coetzee.
As the auction date approaches, cricket enthusiasts worldwide await the exciting player selections and team formations that will define the 2024 IPL season, set against the backdrop of this pioneering overseas auction in Dubai.
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