Earlier this year, the Board of Control for Cricket in India (BCCI) convened a virtual meeting with Indian Premier League (IPL) franchise owners to discuss probable locations for the IPL 2022 and the forthcoming mega auction.
The BCCI wished to update the owners on their plans for the 15th season of the IPL and the progress of the February auction during the meeting. This would later set sports betting plans for wagers to bookmark the dates.
There was also discussion as to whether the February 12-13 auction should take place in Bengaluru. At this time, no decision has been made regarding whether or not to relocate the auction from the southern city, but Mumbai is believed to be the superior option.
Except for Chennai Super Kings, Sunrisers Hyderabad, and Royal Challengers Bangalore, most IPL franchise officials and owners reside in Mumbai. Many participants may not have to go as far by relocating the auction. However, no definitive decision had been taken then.
Preparations for Next Season
The BCCI plans to hold the 2023 IPL auction in the middle of December this year. The date December 16 is conceivable. The clubs have discussed the tentative timetable. The concept appears to have originated in recent informal BCCI/IPL leadership meetings.
It is anticipated that the following season will begin in the fourth week of March and return to the home-and-away format. According to a reliable source, the budget for salaries at the auction would be Rs 95 crores.
Each team will begin with Rs 5 crores in reserves. The salary will decrease even further if a team releases or trades a player.
According to the report, several teams have approached Chennai Super Kings about trading Ravindra Jadeja. The Delhi Capitals were also considered, but CSK declined. In addition, the Gujarat Titans rejected bids for Rahul Tewatia and R Sai Kishore.
However, a few other teams, like the Delhi Capitals, have requested that Jadeja be traded. But, CSK’s management maintains that there is no conflict with Jadeja. He will almost definitely remain on the team for the foreseeable future.
Winning in Auctions
In the Mid of this year, BCCI signed one of the largest broadcast deals in cricket history. The auction for IPL media rights for five years, beginning in 2023, raised Rs 48,390 crore, which is a substantial amount of money.
The e-auction procedure, according to Rahul Johri, President of Business at ZEE Entertainment Enterprises Ltd, was highly effective and transparent.
Johri stated, “ZEE would like to thank the BCCI for conducting a very efficient and transparent e-auction. We want to thank the BCCI, President Sourav Ganguly, Secretary Jay Shah, and Treasurer Arun Dhumal for allowing ZEE to participate in the IPL Media Rights bidding process and for their leadership and assistance with the organization.”
2022 Auction
The recent IPL 2022 Auction significantly contributes to much of this excitement. Before the IPL 2022 super auction, teams were only permitted to retain four players. This allows other clubs to bid on players their team has already included.
The massive auction is a tremendous aid to teams seeking to form new squads. In 2023, it is anticipated that two more clubs will join the IPL, making the mega auction even more thrilling.
Some of the rules for the IPL 2022 Mega Auction were as follows;
- There may also be a limit on the number of uncapped players a team may retain, such as two.
- The eight existing franchises have also been informed that the two new teams may be able to select two or three players outside of the auction and that they may be able to take two international players if no major Indian stars are remaining.
- Existing teams will unlikely receive Right to Match (RTM) cards during the auction.
- The team’s management can retain either three Indian players and one foreign player or two Indian players and two foreign players, depending on the circumstances.
- It was announced that the player purse will begin at INR 90 crore and increase to INR 95 crore and INR 100 crore over the next two years.
- If a franchisee wants to retain four players, it must spend approximately 40–45% of its purse, leaving it with INR 36–40 crore less than a franchise with no players.
Stay updated with all the cricketing action, follow Cricadium on Facebook, Twitter and Instagram
