(MENAFN- NewsBytes)
2018 IPL auctions: Day 1
27 Jan 2018
578 players would be waiting to know their fate, when the 2018 IPL auction gets underway in Bengaluru today.
360 Indian players and 218 overseas players will go under the hammer, however, just 182 cricketers will be bought across the 8 teams.
The auctions are being held at Ritz-Carlton in Bengaluru.
IPL auctions gets underway in Bengaluru
Brainstorming
There is a lot of buzz surrounding the IPL auctions this year courtesy of the return of the Chennai Super Kings and the Rajasthan Royals.
The introduction of the Right to Match card makes this auction even more exciting.
Every team can build a squad comprising of a maximum of 27 players out of which 9 can be foreign cricketers.
How does the 'Right to Match' card work?
Keep your man
Once a team successfully bids for a player, the auctioneer will ask the previous owner, if they want to use their RTM card.
If yes, he will be sold to the previous owner, for the same price as the bidder.
Each franchise has a maximum of 3 RTM cards.
However, if 3 players have been retained then the team would have 2 RTM cards.
Only two foreign players can be retained
Fact
According to the rule each team can retain a maximum of 5 players, including the RTM card. The 5 players need to be a maximum of 3 capped Indian and two uncapped Indian and two overseas players.
Players retained by the teams
Heart of the team
CSK: MS Dhoni, Suresh Raina, and Ravindra Jadeja
RCB: Virat Kohli, AB de Villiers, and Sarfaraz Khan
MI: Rohit Sharma, Hardik Pandya, and Jasprit Bumrah
DD: Shreyas Iyer, Rishabh Pant, and Chris Morris
KKR: Andre Russell and Sunil Narine
SRH: David Warner and Bhuvneshwar Kumar
RR: Steve Smith
KXIP: Axar Patel
Remaining pool money of franchises
War chest
Rajasthan Royals: Rs. 67.5 crore
Kings XI Punjab: Rs. 67.5 crore
Sunrisers Hyderabad: Rs. 59 crore
Kolkata Knight Riders: Rs. 59 crore
Royal Challengers Bangalore: Rs. 49 crore
Chennai Super Kings: Rs. 47 crore
Delhi Daredevils: Rs. 47 crore
Mumbai Indians: Rs. 47 crore
What happens to unsold players?
Base price slashed
A player is unsold if nobody bids for him.
The unsold players will then comeback again for an auction once all the other players have gone under the hammer for the first time.
Franchises can give a list of unsold players they are interested in and the bidding will start for the second time with the player's base price set at half his value.
MENAFN2601201801650000ID1096394217
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.