IPL 2024 Auction: Here Is Everything About The IPL Auction

Indian Premier League 2024 Auction: IPL 2024 Auction Date, Time, Schedule, Players Release List, Teams And All You Need to Know.

After the IPL AGM meeting, it’s now clear that the IPL 2024 auction will be a mini-auction and IPL 2024 to host mega-auctions with total ten to take participate in the auction. After the conclusion of Syed Mushtaq Ali trophy, the IPL 2024 auctions is expected to take place on February 11, 2024.

BCCI recently conducted and concluded the 13th season of IPL in UAE. What seemed to be a big challenge went pretty smooth, but lies ahead a bigger challenge, yes it’s the IPL 2024 auction that will see all the cricketers go under the hammer. As per BCCI reports IPL 2024 will be conducted in March which is just 4 months from now and will be most probably held in India.

But before we proceed to the next edition of the cash-rich league, there were reports that BCCI to conduct IPL 2024 mega auction. Thus here is everything you must know about the IPL auction 2024.

IPL 2024 Auction Details

BCCI has reported to the franchises that the ten-team mega auction will be taken for 2024 and this year the only mini-auction will be held. The 2024 IPL auction will take place during the 2nd week of February 2024.

IPL 2024 Auction Date11 February 2024
IPL 2024 Auction Time1 pm IST
IPL 2024 Auction VenueBengaluru
IPL Auction 2024 Live Streaming & TV ChannelStar Sports Network & Hotstar (App & Website)

The reports are doing the round that BCCI’s Annual general meeting (AGM) will take place in December 2024 where they will take certain major decisions for the upcoming edition and the mega auction is one of them. However, it is also stated that IPL might be expanded as the next edition can see 1 or 2 new teams joining the league.

Ahmedabad City is the team that is most likely to join IPL and Goenka group is most likely to be the owner for the franchise. The interesting fact to note is that BCCI is more likely to conduct a mega auction only if the league is expanded, in case the tournament isn’t expanded then there might be no mega auction this year due to a shortage of time.

There are talks of other major changes this year, such as the expansion of foreign players from 4 to 5. There is an argument going on that if teams are expanded then the quality of players will decline in a team, thus to retain that quality of a team, the limit of the foreign players in a team will be increased.

READ ALSO: IPL 2024 Players Salary

For those wondering what’s a difference between an auction and mega-auction, then the mega auction is the auction when all the players are put under the hammer.

A team can retain only 3 players and they can retain 2 more players using right-to-match (option). While the mag-auction was supposed to be held earlier this year but courtesy COVID-19, the mega auction is now delayed till December this year.

Auction Rules for IPL 2024

  • The squad strength must be between 18 and 25 players, with a maximum of 8 overseas players.
  • The salary cap of the entire squad must not exceed ₹850 million (US$12 million).[30]
  • Under-19 players cannot be picked unless they have previously played first-class or List A cricket.
  • A team can play a maximum of 4 overseas players in their playing eleven.

While there can be major changes to the salary cap, foreign players after the AGM in December, but the franchises are divided over the mega-auction.

Where teams like CSK, RCB are in support and dire need of mega-auction to build a good team but on the other hand teams like Mumbai Indians, and Delhi Capitals who have built a strong core are opposing the move in the risk of losing their core team.

Full List of Released and Retained players for IPL 2024

SunRisers Hyderabad:

Release: Siddharth Kaul, Khaleel Ahmed.

Retain: David Warner, Rashid Khan, Bhuvneshwar Kumar.

Royal Challengers Bangalore:

Release: Pawan Negi, Umesh Yadav.

Retain: Virat Kohli, Washington Sundar, AB De Villiers, Devdutt Padikkal.

Kolkata Knight Riders:

Release: Tom Banton, Nikhil Naik, Sandeep Warrier.

Retain: Varun Chakravarthy, Shubman Gill, Andre Russell, Sunil Narine.

Kings XI Punjab:

Release: Krishnappa Gowtham, James Neesham, Prabhsimran Singh, Harpreet Brar.

Retain: KL Rahul, Mohammad Shami.

Mumbai Indians:

Release: Nathan Coulter-Nile

Retain: Rohit Sharma, Hardik Pandya, Krunal Pandya, Kieron Pollard, Jasprit Bumrah

Rajasthan Royals:

Release: Jaydev Unadkat, Ankit Rajpoot, Andrew Tye.

Retain: Ben Stokes, Rahul Tewatia

Delhi Capitals:

Release: Avesh Khan, Sandeep Lamichhane, Mohit Sharma.

Retain: Shreyas Iyer, Rishabh Pant, Marcus Stoinis

Chennai Super Kings:

Release: KM Asif, Piyush Chawla, Kedar Jadhav, Murali Vijay

Expensive Player In Each IPL Auction

2008M.S. DhoniChennai Super Kings10,50,000
2009Andrew FlintoffChennai Super Kings10,55,000
2010Shane BondKolkata Knight Riders7,50,000
2011Gautam GambhirKolkata Knight Riders24,00,000
2012Ravindra JadejaChennai Super Kings20,00,000
2013Glenn MaxwellMumbai Indians10,00,000
2014Yuvraj SinghRoyal Challengers Bangalore₹14 crore
2015Yuvraj SinghDelhi Daredevils₹16 crore
2016Shane WatsonRoyal Challengers Bangalore₹9.5 crore
2017Ben StokesRising Pune Supergiants₹14.5 crore
2018Ben StokesRajasthan Royals₹12.5 crore
2019Jaydev Unadkat, Varun ChakravarthyRajasthan Royals,Kings XI Punjab₹8.4 crore
2020Pat CumminsKolkata Knight Riders₹15.5 crore

Note: The date, venue and time of IPL 2024 auction are subject to change as per BCCI and IPL governing council, all the information will be updated here once it officially confirmed.