IPL auction in Kochi on December 23, say reports
Mumbai, November 9: The Indian Premier League (IPL) mini-auction for the next season is to be held in Kochi on December 23, as reported by ESPNcricinfo.
As ESPNcricinfo reported on Wednesday, one change in the rule is that apart from what's remaining in the franchises' purse, each team will get an additional Rs 5 crore (approx. US $607,000) to spend. The total budget per franchise is expected to be raised from Rs 90 crore to Rs 95 crore. All ten Indian Premier League franchises are working around the clock to determine which players to keep and who to release by November 15 the deadline set by the Board of Control for Cricket in India (BCCI).
After last year's auction, Punjab Kings had the most money left over -Rs 3.45 crore, while Lucknow Super Giants had spent it all. The Chennai Super Kings had Rs 2.95 crore left, followed by Royal Challengers Bangalore Rs 1.55 crore, Rajasthan Royals are left with Rs 0.95 crore, and Kolkata Knight Riders Rs 0.45 crore.
The last year's champions Gujarat Titans have been left with Rs 0.15 crore, while three other teams - Mumbai Indians, Sunrisers Hyderabad, and Delhi Capitals - received Rs 0.10 crore.
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- ANI
