In a big update to the glitzy Indian Premier League 2023, the players' auction is likely to be held in Kochi on December 23, as per the sources privy to the development confirmed on Wednesday.
It will be a mini-auction this time around, given that the mega auction was held prior to IPL 2022 which saw a major rejig in teams for all franchises. Every team will have an additional Rs 5 crore to spend for the auction this year, making the overall auction purse Rs 95 crore.
IPL team’s purse left post 2022 Auction
Punjab Kings - Rs. 3.45 crore
Lucknow Super Giants - 0
Chennai Super Kings - Rs. 2.95 crore
Royal Challengers Bangalore - Rs. 1.55 crore
Rajasthan Royals - Rs. 0.95 crore
Kolkata Knight Riders - Rs. 0.45 crore
Gujarat Titans - Rs. 0.15 crore
Mumbai Indians - Rs 0.10 crore
Sunrisers Hyderabad - Rs 0.10 crore
Delhi Capitals - 0.10 crore
IPL 2023 is expected to commence in the fourth week of March next year. The Board of Control for Cricket in India (BCCI) has already set a November 15 deadline for the franchises to send the final list of retained players. This time around, each team can retain up to 15 players and have to release the remaining 10. However, last year, the team size was set to a maximum of 25 while the minimum number of players in a team was 18.
