Posted inLatest Cricket News, India National Cricket Team, Indian Premier League (IPL), Indian Premier League (IPL) 2024, IPL Auction

Karun Nair to join new team after going unsold at IPL 2024 auction

Indian batsman Karun Nair will be returning to county team Northamptonshire in April this year. Nair went unsold in the Indian Premier League 2024 auction and will be available to give his services to his county team. Nair was brought into the team by the Northamptonshire management last season, as a part of the failed […]

IPL Auction – Indian Premier League Auction

The Indian Premier League (IPL) is undoubtedly the biggest and the richest T20 league in the world. Started in 2008 after India’s historic triumph in the 2007 T20 World Cup, the tournament has grown stronger with each passing year.

The IPL showcases top-notch cricket, featuring the biggest names in the sport. What adds an extra layer of excitement and anticipation to this competition is the high-stakes IPL auction. Each year, the cricketing world eagerly awaits for the auction to take place as the event adds an unparalleled thrill to the spectacle.

The auction process adds an extra layer of excitement to the world’s most-watched T20 league. The highly-anticipated auction not only shapes the fate of franchises but also serves as a platform for players to secure lucrative contracts and showcase their talent on a grand stage.

Over the years, the IPL has been a platform where relatively unknown players have earned mega deals from franchises, turning their journeys into captivating rags-to-riches stories that resonate strongly with fans. The inaugural IPL auction in 2008 marked a groundbreaking moment not only in the cricketing world but also in the broader sporting arena.

The sporting world was stunned as several cricketers secured deals exceeding a million dollars—a figure largely unprecedented in cricket up until that point. The inaugural IPL auction reshaped the landscape of cricket and not many would disagree with it. The deals are only getting more lucrative with each passing year and it is a testament of the growing popularity and success of the IPL.

How does IPL auction work?

Before the auction, each franchise is assigned a budget to buy players in the auction. The franchises do not need to spend the entire amount during the auction. For IPL 2024 auction, the team has a budget of Rs 100 crore, up from last year’s Rs 95 crore.

The players are divided into multiple sets based on their playing roles, nationality and international cap status. Each player has a base price, and that figure serves as the starting point for the bidding process. The names of the players is announced by the auctioneer, and the teams begin bidding on them. The bidding continues until the auctioneer declares the player sold. In case, a player fails to attract any bid, he remains unsold.

Year-wise IPL auction’s costliest players:

England allrounder Sam Curran holds the record for being the costliest player in the IPL. The southpaw earned a lucrative deal of Rs 18.50 crores from Punjab Kings in the 2023 auction, almost double what MS Dhoni received in the inaugural auction as the costliest player.

Here is the list showing the costliest players of each IPL auction:

Year Player and Team Price (INR)
2023 Sam Curran (PBKS) 18.50 crore
2022 Ishan Kishan (MI) 15.25 crore
2021 Chris Morris (RR) 16.25 crore
2020 Pat Cummins (KKR) 15.5 crore
2019 Jaydev Unadkat (RR), Varun Chakravarthy (PBKS) 8.4 crore
2018 Ben Stokes (RR) 12.5 crore
2017 Ben Stokes (RPS) 14.5 crore
2016 Shane Watson (RCB) 9.5 crore
2015 Yuvraj Singh (DC) 16 crore
2014 Yuvraj Singh (RCB) 14 crore
2013 Glenn Maxwell (MI) 6.3 crore
2012 Ravindra Jadeja (CSK) 12.8 crore
2011 Gautam Gambhir (KKR) 14.9 crore
2010 Shane Bond (KKR), Kieron Pollard (MI) 4.8 crore
2009 Kevin Pietersen (RCB), Andrew Flintoff (CSK) 9.8 crore
2008 MS Dhoni (CSK) 9.5 crore

IPL auction - FAQs

What is the price of IPL auction 2024?

Each team has a budget of Rs 100 crore for this year's auction.

When the IPL 2024 auction will start?

The IPL 2024 auction will take place on December 19 in Dubai.

Where can I watch IPL 2024 auction?

The auction can be seen on the Star Sports Network on TV. The auction will be live-streamed on the JioCinema website

Is IPL 2024 a mega auction

No IPL 2024 auction is not mega auction but a mini auction.

How many teams are there in IPL 2024?

A total of ten teams will participate in IPL 2024.