The 2024 IPL season is on the horizon, and teams in the auction will have an increased spending limit of INR 100 crore, compared to the previous limit of INR 95 crore. The highly anticipated IPL 2024 auction is set to take place on December 19 at the Coca-Cola Arena in Dubai, where teams will engage in a fierce bidding war.
Before the auction, on November 26, each franchise must submit their list of retained and released players for IPL 2024. This step sets the stage for the forthcoming auction as teams strategically assess their current roster and make calculated decisions to strengthen their lineups. A trading window is currently open, allowing teams to make strategic moves in the IPL. In a recent development, the Mumbai Indians have sealed a cash deal with the Sunrisers Hyderabad, acquiring Romario Shepherd. Additionally, Avesh Khan and Devdutt Padikkal have switched franchises, with Khan moving to the Rajasthan Royals and Padikkal joining the Lucknow Super Giants.
As of now, the auction purse of each team stands as follows:
– Punjab Kings – INR 12.20 crore
– Sunrisers Hyderabad – INR 6.55 crore
– Gujarat Titans – INR 4.45 crore
– Delhi Capitals – INR 4.45 crore
– Lucknow Super Giants – INR 3.55 crore
– Rajasthan Royals – INR 3.35 crore
– Royal Challengers Bangalore – INR 1.75 crore
– Kolkata Knight Riders – INR 1.65 crore
– Chennai Super Kings – INR 1.50 crore
– Mumbai Indians – INR 50 lakh
In the upcoming 2024 IPL season, teams participating in the auction will now have an enhanced spending limit of INR 100 crore, as opposed to the previous limit of INR 95 crore.