IPL 2023 Auction date Time, Rules, Budget & Participating Teams
IPL 2023 Auction date and time has been announced and it will be held on 23rd December 2022. The trading window will be closed on 15th November. In the upcoming 16th season of the IPL, about 650 players will take part in the Auction. If you want to know about the details of the upcoming auction you are at the right place. This article will give you every information about your favorite team or favorite player. Read on to find out the details.
IPL 2023 Auction Date & Time
Indian Premium League spent ₹551.7 crores in the previous season for all 10 teams. Among all the players, Ishaan Kishan was the highest-sold player who played for Mumbai Indians.
IPL 2023 Mini-auction is going to be held on 23rd December and the teams have to submit retain players list by 15th November to BCCI. The number of retain players is not restricted in the upcoming auction. After that, the auction will take place for the released players.
IPL 2023 Mini-auction Overview
|Championship||IPL 2023 or IPL 16|
|IPL 2023 Auction date||23 December|
|No. of players to be auctioned||650|
Check out IPL 2023 Match venues and IPL 2023 Schedule
Teams participating in IPL 2023 Auction
Following are the teams that will participate in IPL 2023 auction:
Purse of each Team
|1.||Mumbai Indians||INR 51 million|
|2.||Delhi Capitals||INR 51 million|
|3.||Rajasthan Royals||INR 59.5 million|
|4.||Chennai Super Kings||INR 79.5 million|
|5.||Kolkata Knight Riders||INR 54.5 million|
|6.||Sunrisers Hyderabad||INR 51 million|
|7.||Gujrat Titans||INR 65 million|
|8.||Royal Challengers Bangalore||INR 65.5 million|
|9.||Lucknow Super Giants’||INR 50 million|
|10.||Punjab Kings||INR 50 million with an additional INR 34.5 million|
As soon as the auction date has been announced, each team franchise is ready to buy the players. IPL committee has set some rules and regulations for the upcoming auction and each team has to follow these rules in order to participate. Following are the details of the rules:
Number of retaining players: Similar to the previous mega auction 10 teams are going to participate in the upcoming auction but in the previous season, each team can retain only four players. There is no such restriction in the upcoming season and each team can retain or release players according to their budget.
Increased purse amount: IPL has increased the purse amount for each franchise by INR 50 million. Franchises can use this amount with the amount of money they have saved in the previous season to buy the players for their teams.
Trading window: The franchises can trade or exchange players till 15th November. They have to submit the list of retaining players on the 15th of November and after that, the auction for the released players will happen.
Team players: Each team can have 25 players with 8 foreign players. The maximum number of players in a team can be 18.
Right-to-match card: The right-to-match card will be given to each team to retain players in the upcoming auction. This card is used to retain a player by matching the highest bid placed for him during the auction. For example, if Chennai Super Kings release a player from their team and Delhi Capitals pick him for INR 30 million, so for CSK to retain that player, they can use the right-to-match card to buy that player back for INR 30 million.
IPL 2023 Auction update: Hugh Emeades to conduct Season 16 IPL 2023 Auction in Kochi
Hugh Emeades once again will conduct the TATA IPL mini-auction. Hugh was appointed by the Board of Control for Cricket in India (BCCI) to conduct the prestigious seasons of IPL auctions. BCCI appointed the English Christie’s auctioneer by replacing Richard Madley, a career auctioneer hailing from Wales.
Hugh is a British international fine art, classic car, and charity auctioneer. In his 35 years of career in auction, he has conducted more than 2,500 auctions globally. Hugh is the man who has sold a wider range of items including the old master, fine furniture, impressionist and contemporary paintings, works of art and Chinese ceramics, film, and sporting memorabilia. He also gives charity to the world’s countries for their welfare, betterment, and development of society.
IPL 2022 Auction Date & Time
The mega auction of IPL 2022 was held on 12 and 13 February in Bengaluru. About 590 players took part in that event. Two new teams, Gujrat Titans and Lucknow Super Giants were introduced and 10 franchises had to build their squad.
The final list released by BCCL includes:
Capped players 228
Uncapped players 355
Indian players 370
Overseas players 220
Associate Nations players 7
In final words
IPL 2023 Auction date & time have been announced and it will be on 23rd December 2022. IPL committee has set some rules and regulations for the upcoming auction, which we discussed in detail. If you have any queries you can write to us in the comments section.
IPL 2023 Auction will be on 23rd December 2022. The franchises can trade or exchange players till the 15th of November. They have to submit the list of retained players on the 15th of November and after that, the auction for the released players will happen.
The mega auction of IPL 2022 was on 12 and 13 February in Bengaluru. About 590 players took part in that event. Two new teams, Gujrat Titans and Lucknow Super Giants were introduced and 10 franchises had to build their squad.