The participant auction for the Indian Premier League (IPL) 2023 will happen in Kochi on December 23.
Unlike the 2022 mega auction, when the ten franchises had to rebuild their squads nearly from scratch, it will likely be a mini auction this yr. The ten IPL franchises have been requested to submit their listing of retained players by November 15.
According to a Cricbuzz report, the BCCI had been in search of a possible venue for the auction. However, as soon as the Istanbul plan couldn’t materialise and the cricket board ultimately opted for Kochi.
In addition to the cash left over from their earlier auction purse and the worth of the players they launch, every staff can have an extra Rs 5 crore to spend at this auction, making the general purse Rs 95 crore.
Punjab Kings had the most important purse left over — Rs 3.45 crore — after final yr’s auction, whereas Lucknow Super Giants had spent their complete purse. Chennai Super Kings had Rs 2.95 crore remaining, adopted by Royal Challengers Bangalore (Rs 1.55 crore), Rajasthan Royals (Rs 0.95 crore) and Kolkata Knight Riders (Rs 0.45 crore)
Defending champions (*23*) Titans had been left with Rs 0.15 crore whereas three groups — Mumbai Indians, Sunrisers Hyderabad and Delhi Capitals — had Rs 0.10 crore.
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