IPL auction scheduled for December 19 in Kolkata: Report

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IPL auction scheduled for December 19 in Kolkata: Report
IPL auction scheduled for December 19 in Kolkata: Report

Kolkata : The auction for the 13th edition of Indian Premier League (IPL) tournament will be held on December 19, 2019 in Kolkata.

According to a report by espncricinfo, the auction is one final small auction before all the eight IPL franchises – Mumbai Indians (MI), Chennai Super Kings (CSK), Sunrisers Hyderabad (SRH), Delhi Capitals (DC), Kolkata Knight Riders (KKR), Rajasthan Royals (RR), Kings XI Punjab (KXIP) and Royal Challengers Bangalore (RCB) – disband next year before gearing up to build a fresh squads in 2021 during a mega auction.

In 2018, all the teams were allowed to retain five players before they build new squads based on the auction. 

The report also mentioned November 14 as the last date for the closure of trading window.

All the eight sides were earlier allotted Rs 85 crore (each) to form a team for IPL 2020. In addition to the balance they have from the previous auction, the sides will be given an additional Rs 3 crore-purse to spend on the players.

While defending champions,MI, have the balance of Rs 3.05 crore, DC have the highest balance among all the eight teams. They currently have Rs 8.2 crore at their disposal. The Bengaluru-based RCB, meanwhile, have Rs. 1.8 crore – lowest among all the eight franchises – to spend.

The three-time IPL champions, CSK, have Rs 3.2 crore while the winners of the inaugural edition of the IPL, RR, have Rs 7.45 to bolster their squad. KKR, SRH and KXIP have Rs. 6.05 crore, Rs 5.3 crore and Rs. 3.7 crore respectively.