The IPL (Indian Premier League) auction is a traditional annual event that allows a team to trade and sign players to complete the squad for the upcoming IPL season. With the immense popularity of the league among cricket fans worldwide, this has quickly become one of the most influential events in India.
The auction follows a strict set of rules that make the trading and acquisition process fair and balanced, yet fun and exciting to follow. Ever since the IPL 2022 auction, they have somewhat been changed, as two new teams have entered the league.
The upcoming auction is so fascinating to follow. So, if this is your first time tuning to the action, you’re in luck! This will probably be one of the most exciting auctions to date.
Learn more about the rules of the auction, the IPL 2024 auction date, the auction participants, and the potential leaders in the upcoming season.
Table of Contents
What Is the IPL Auction?
The IPL auction conducted by BCCI, or Board of Control for Cricket India, is an annual event, that aims to allow franchises to hire players that have put themselves up for the auction.
The event is overlooked by a specially-selected person – an auctioneer, who makes sure that all the rules of the proceedings are in check.
The players can be selected and traded only during this limited window of time, there is no way for franchisees to make a trade during the tournament itself. If the player had not been selected, they are often signed as a replacement to the core team.
The auction should end with each team having a roster of 18-25 players not counting the replacement players.
While the official part of the process lasts only a couple of days, there are months of preparations, strategy development, and negotiations before it. And it’s no wonder – the decisions made during this stage can impact the success of the team during the season.
In order to make the right decision, the team should consider the type of talent they want to focus on, the budget they need for the season, the statistics and history of each player and their interactions, recent injuries, how well they work with a particular coach and many more factors.
The IPL auction for the 2024 edition comes with a set of new rules and specifics that will make the event even more crucial for any cricket fan out there. It is also important to watch if you want to predict the chances of winning of each of the teams, making it possible to win huge prizes from Parimatch.
To understand more about the specifics of the 2023 auction IPL, let’s learn more about the IPL 2024 mega auction rules and how it is expected to work this year.
How does IPL 2024 auction work?
In the IPL 2024 auction, teams kick things off with a pre-auction retention process where they can keep up to five players from their previous squad. These retained players automatically join the team, and the team doesn’t have to bid for them in the auction.
The ten teams completed the player retention, release, and trade process on November 26, revealing the final player list. All attention is now focused on the upcoming auction day, set to commence on December 19 in Dubai. Refer to the image below for information on squad summary:
|
IPL 2024 Squad Summary |
||||||
|
Franchise |
Players | Total money spent (₹) | Salary Cap Available (₹) | Available slots | ||
| Total | Overseas | Total |
Overseas |
|||
|
CSK |
19 | 5 | 68.6 | 31.4 | 6 | 3 |
| DC | 16 | 4 | 71.05 | 28.95 | 9 |
4 |
|
GT |
18 | 6 | 76.85 | 23.15 | 7 | 2 |
| KKR | 13 | 4 | 67.3 | 32.7 | 12 |
4 |
|
LCG |
19 | 6 | 86.85 | 13.15 | 6 | 2 |
| MI | 17 | 5 | 84.75 | 15.25 | 8 |
3 |
|
PBKS |
17 | 6 | 70.9 | 29.1 | 8 | 2 |
| RCB | 18 | 4 | 59.25 | 40.75 | 7 |
4 |
|
RR |
17 | 5 | 85.5 | 14.5 | 8 | 3 |
| SRH | 19 | 5 | 66 | 34 | 6 |
3 |
| Total | 173 | 50 | 737.05 | 262.95 | 77 |
30 |
Additionally, teams have the Right-to-Match (RTM) option, allowing them to match the bid made by another team for a player they want to keep.
During the auction, the remaining players not retained or subject to RTM will be up for bidding. Teams take turns bidding on players, and the highest bidder secures the player for their squad.
Teams also have specific slots to fill in the auction for various player types, such as batsmen, bowlers, and all-rounders. Tiebreakers come into play in case of tied bids for a player, with the team’s finish in the previous IPL season determining the winner.
When is the IPL Auction 2024?
The next IPL auction for 2024 is set for December 19, 2023, in Dubai at the Coca-Cola Arena. Currently, teams are busy trading, deciding which players to keep, let go, or trade with other teams.
Once all these decisions are sorted out, players and teams will participate in the auction for the upcoming season. Each team has a maximum budget of Rs. 95 crore for the upcoming auction.
IPL Auction 2024 Teams
In 2024, ten teams will participate in the IPL tournament. As the retention and release lists have already been composed and confirmed, let’s review the current IPL 2024 team sheets before heading to the auction.
Chennai Super Kings (CSK) in IPL Auction 2024
Retained: Ruturaj Gaikwad, Mooen Ali, Shivam Dube, MS Dhoni, Ajinkya Rahane, Ravindra Jadeja, Deepak Chahar, Devon Conway, Maheesh Theekshana, Mukesh Choudhary, Mitchell Santner, Rajvardhan Hangargekar, Simarjeet Singh, Matheesha Pathirana, Tushar Deshpande, Prashant Solanki, Shaik Rasheed, Nishant Sindhu, Ajay Mandal.
Released: Ben Stokes, Dwaine Pretorius, Bhagath Varma, Subhranshu Senapati, Ambati Rayadu (Retired), Akash Singh, Kyle Jamieson, Sisanda Magala.
Gujarat Titans in IPL Auction 2024
Retained: Abhinav Sadarangani, B. Sai Sudharsan, Darshan Nalkande, David Miller, Jayant Yadav, Joshua Little, Kane Williamson, Matthew Wade, Mohammad Shami, Mohit Sharma, Noor Ahmad, R. Sai Kishore, Rahul Tewatia, Rashid Khan, Shubman Gill, Vijay Shankar, Wriddhiman Saha.
Released: Alzarri Joseph, Dasun Shanaka, K.S. Bharat, Odean Smith, Pradeep Sangwan, Shivam Mavi, Urvil Patel, Yash Dayal.
Lucknow Super Giants Franchise in IPL Auction 2024
Retained: KL Rahul (c), Quinton De Kock, Nicholas Pooran, Ayush Badoni, Kyle Mayers, Marcus Stoinis, Deepak Hooda, Devdutt Padikkal (From RR), Ravi Bishnoi, Naveen Ul Haq, Krunal Pandya, Yudhvir Singh, Prerak Mankad, Yash Thakur, Amit Mishra, Mark Wood, Mayank Yadav, Mohsin Khan.
Released: Jaydev Unadkat, Manan Vohra, Swapnil Singh, Daniel Sams, Karan Sharma, Arpit Guleria, Suryansh Shedge, Karun Nair.
Sunrisers Hyderabad (SRH) in IPL Auction 2024
Retained: Abdul Samad, Aiden Markram, Rahul Tripathi, Glenn Phillips, Mayank Agarwal, Heinrich Klaasen, Anmolpreet Singh, Upendra Yadav, Nitish Kumar Reddy, Abhishek Sharma, Marco Jansen, Washington Sundar, Sanvir Singh, Bhuvneshwar Kumar, Fazalhaq Farooqi, T Natarajan, Umran Malik, Mayank Markande.
Released: Harry Brook, Adil Rashid, Akeal Hosein, Karthik Tyagi, Vivrant Sharma, Samarth Vyas.
Traded: Shahbaz Ahmed.
Punjab Kings (PBKS) in IPL Auction 2024
Retained: Arshdeep Singh, Atharva Taide, Harpreet Brar, Harpreet Bhatia, Jitesh Sharma, Jonny Bairstow, Kagiso Rabada, Liam Livingstone, Nathan Ellis, Prabhsimran Singh, Rahul Chahar, Rishi Dhawan, Sam Curran, Shikhar Dhawan, Shivam Singh, Sikandar Raza, Vidwath Kaverappa.
Released: Baltej Dhanda, Bhanuka Rajapaksa, Gurnoor Singh Brar, Matthew Short, Mohit Rathee, Raj Angad Bawa, Shahrukh Khan.
Kolkata Knight Riders (KKR) in IPL Auction 2024
Retained: Shreyas Iyer (C), Andre Russell, Anukul Roy, Harshit Rana, Jason Roy, Nitish Rana, Rahmanullah Gurbaz, Rinku Singh, Sunil Narine, Suyash Sharma, Vaibhav Arora, Varun Chakaravarthy, Venkatesh Iyer.
Released: Aarya Desai, David Wiese, Johnson Charles, Kulwant Khejroliya, Litton Das, Lockie Ferguson, Mandeep Singh, N Jagadeesan, Shakib Al Hasan, Shardul Thakur, Tim Southee, Umesh Yadav.
Delhi Capitals (DC) in IPL Auction 2024
Retained: Abhishek Porel, Anrich Nortje, Axar Patel, David Warner, Ishant Sharma, Kuldeep Yadav, Lalit Yadav, Lungisani Ngidi, Mitchell Marsh, Mukesh Kumar, Pravin Dubey, Prithvi Shaw, Rishabh Pant, Syed Khaleel Ahmed, Vicky Ostwal, Yash Dhull.
Released: Aman Khan, Chetan Sakariya, Kamlesh Nagarkoti, Manish Pandey, Mustafizur Rahman, Phil Salt, Priyam Garg, Rilee Rossouw, Ripal Patel, Rovman Powell, Sarfaraz Khan.
Mumbai Indians (MI) in IPL Auction 2024
Retained: Ishan Kishan, Jasprit Bumrah, Tilak Varma, Nehal Wadhera, Piyush Chawla, Rohit Sharma, Surya Kumar Yadav, Tim David.
Released: Chris Jordan, Duan Jansen, Hrithik Shokeen, Jhye Richardson, Jofra Archer, Mohd. Arshad Khan, Raghav Goyal, Ramandeep Singh, Riley Meredith, Sandeep Warrier, Tristan Stubbs.
Traded: Hardik Padya, Romario Shepherd.
Rajasthan Royals (RR) in IPL Auction 2024
Retained: Sanju Samson (c), Jos Buttler, Shimron Hetmyer, Yashasvi Jaiswal, Dhruv Jurel, Riyan Parag, Donovan Ferreira, Kunal Rathore, Ravichandran Ashwin, Kuldeep Sen, Navdeep Saini, Prasidh Krishna, Sandeep Sharma, Trent Boult, Yuzvendra Chahal, Adam Zampa.
Released: Joe Root, Abdul Basith, Jason Holder, Akash Vashisht, Kuldip Yadav, Obed McCoy, Murugan Ashwin, KC Cariappa, KM Asif.
Traded: Avesh Khan (from LSG)
Royal Challengers Bangalore (RCB) in IPL Auction 2024
Retained: Virat Kohli, Suyash Prabhudessai, Faf du Plessis(C), Vyshak Vijay Kumar, Anuj Rawat (wk), Mohammed Siraj, Karn Sharma, Akash Deep, Glenn Maxwell, Mahipal Lomror, Himanshu Sharma, Manoj Bhandage, Rajan Kumar, Reece Topley, Will Jacks, Rajat Patidar, Dinesh Karthik.
Released: Wanindu Hasaranga,Harshal Patel, Josh Hazlewood, Finn Allen, David Willey, Michael Bracewell, Wayne Parnell, Sonu Yadav, Avinash Singh, Siddharth Kaul, Kedar Jadhav.
Traded: Mayank Dagar (Traded from SRH), Cameron Green (Traded from MI).
IPL Auction 2024 most valuable players
The list of the most valuable athletes for IPL auction 2024 is yet to be released. Stay tuned to Parimatch for more information.
Conclusion
Whether you’re a long-time fan of cricket or you’re just learning about the sport, the 2024 IPL auction is the event that everybody is always waiting for. Bookmark Parimatch, analyze the TATA IPL Auction 2024 results and prepare to make the winning predictions!
Watching the event also helps you get an idea of which team is more powerful this season, even including two new teams we know nothing about yet. So, if you want to make predictions on the upcoming matches on Parimatch, you should not miss the event. Don’t miss your chance to predict the matches in-play as they go on and prepare yourself for the IPL 2024!
FAQ
When will the 2024 edition of the IPL auction begin?
The auction for IPL 2024 will take place in Dubai on December 19th, 2024.
What is IPL 2024 Auction Date?
The IPL 2024 auction will be held on December 19th, 2024 in Dubai at the Coca-Cola Arena.