IPL Auction 2024 — What To Expect

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The first important stage before the start of the next IPL season is the player auction. After this event, the teams complete their roster, and bookmakers can already make predictions based on which athletes are on the list. You can see see 4RaBet official site with tips, and place your bets for the next IPL season there. 

Also, the auction is an interesting and exciting show that attracts the attention of not only bookmakers and bettors but also fans of all teams. Therefore, cricket fans need to understand how the auction works and what to expect from it this year.

What Is The IPL Auction And How Does It Work

The IPL (Indian Premier League) auction is an event in which cricket players are bought by franchise teams to play in the IPL tournament. The IPL is a professional Twenty20 cricket league in India, and it is one of the most popular and lucrative T20 leagues in the world. The IPL auction is organized annually by the BCCI 2-3 months before the new season kicks off. 

During the auction, teams bid for players they want to include in their squad for the upcoming season. Each franchise has a certain budget (salary cap) that they cannot exceed while building their team. The auction is a dynamic and competitive process where teams bid for players, and the player goes to the team that places the highest bid. 

The players divide into different sets based on their specialty, barring a group of ten marquee players who will open the auction. The marquee set will be followed by a full round of capped players based on style: batters, all-rounders, wicketkeeper-batters, fast bowlers, and spin bowlers. After that, the auction moves on to uncapped players.

The auction is usually held before the start of each IPL season, allowing teams to build their squads and make strategic decisions about team composition. Players from around the world, including international and domestic cricketers, participate in the auction, making it a high-profile and closely watched event in the cricket calendar.

The auction process involves franchises taking turns to nominate a player, and then other franchises can bid for that player. The bidding continues until no other team is willing to raise the bid. Once a player is successfully bid for, he becomes part of that franchise for the upcoming IPL season.

The IPL auction is not only about acquiring talented players but also about strategic team-building, as franchises aim to create a balanced and competitive squad that can perform well throughout the tournament.

Who Are The Retained And The Released Players?

Retained players are those players who are kept by a franchise from the previous season to play for the same team in the upcoming season. Each IPL team has the option to retain a certain number of players before the auction for the next season. Retained players are crucial to a team’s continuity, and franchises often choose to retain key players who have performed well for them.

Here are some key points about retained players in the IPL:

• Retention Limit: Before each IPL auction, teams are allowed to retain a specific number of players. The retention limit may include a combination of capped Indian players, uncapped Indian players, and overseas players.
• Player Salary: When a team retains a player, a portion of that player’s salary from the previous season is deducted from the team’s salary cap for the upcoming auction. The retained player is assured a certain amount of money for the new season.
• Strategic Decision: The decision to retain players is a strategic one, and teams often base their choices on the players’ performance, value to the team, and overall team strategy. Retaining key players helps in maintaining team chemistry and stability.
• Auction Strategy: The number of players a team chooses to retain can impact its strategy in the auction. If a team retains a significant number of players, it may have a smaller budget during the auction to fill the remaining slots in the squad.

It’s important to note that while teams have the option to retain players, they can also release players before the auction and enter the bidding process to acquire new players. The combination of player retention and new player acquisitions during the auction allows teams to build their squads for the upcoming IPL season.

Mini And Mega Auction Differences

The IPL conducts two types of auctions: mini and mega. The differences are next: 

	IPL Mini Auction	IPL Mega Auction
When	Each year, usually before 2-3 months before the new season	Every 4 or 5 years, the last mega auction was provided before IPL 2022
Amount of retained players	Each franchise can retain its entire squad and make no changes.	Each team can retain a maximum of 4 players. Teams are not allowed to retain more than 3 Indian players or 2 overseas players

Auction Purse

Auction purse refers to the maximum amount of money that a franchise can spend on player acquisitions during the IPL auction. Each IPL team is allocated a specific auction purse, commonly known as the salary cap, which is determined by the IPL governing body before the auction.

Key points about the IPL auction purse:

• Salary Cap: The IPL salary cap is the total amount of money that a team can spend on player salaries for a particular season. This includes payments to retained players as well as new players acquired during the auction.
• Budget Constraints: The salary cap serves as a financial constraint to ensure a level playing field among all franchises. It prevents teams from excessively outbidding each other and helps maintain a balance in team composition.
• Retained Players’ Cost: When a team retains players from the previous season, a portion of their salary is subtracted from the auction purse. This deduction is based on the agreed-upon retention price for each player.
• Unused Purse: If a team does not utilize its entire auction purse during the auction, the remaining amount cannot be carried forward to the next season. The unspent money essentially goes back into the overall IPL financial pool.
• Auction Strategy: Teams need to strategically manage their auction purse to build a competitive squad within the budget constraints. It involves making calculated decisions on player retention, releases, and new acquisitions during the auction.

The salary cap is an important aspect of the IPL auction process, contributing to the competitive balance of the league and encouraging teams to make thoughtful decisions in building their squads. The specific amount of the salary cap can vary from season to season, and it is determined by the IPL governing council. Teams must operate within this financial framework while assembling their teams for the upcoming season.

IPL Auction 2024: Time & Date

26 November 2023 was the last day before that IPL teams needed to retain the players.

The next step is an auction. It will take place in the UAE on December 19, with a trade window open until December 12. You can watch it live on Jio Cinema and Star Sports. 

IPL Auction 2024 — What To Expect

In the IPL 2024 season, the list of the teams will remain unchanged. It will include 10 teams that participated in IPL 2023:

• Gujarat Titans;
• Royal Challengers Bangalore;
• Lucknow Super Giants;
• Mumbai Indians;
• Sunrisers Hyderabad;
• Punjab Kings;
• Rajasthan Royals;
• Kolkata Knight Riders;
• Delhi Capitals;
• Chennai Super Kings. 

IPL 2024 Auction Purses & Free Slots

Here is the table with the actual amounts in the purses, and also with the numbers of the free slots: 

Team	Purse, Rs crore	Free slots
RCB	40.75	6
SRH	34	6
KKR	32.7	12
CSK	31.4	6
PBKS	29.1	8
DC	28.95	9
MI	15.25	8
RR	14.5	8
GT	61.85	8
LSG	13.9	6

IPL 2024 Teams Retained Players List

Before the auction in 2024, the IPL teams retained 173 players in total. Here are their names: 

Team	Retained Players
Chennai Super Kings	Ajay Mandal, Ajinkya Rahane, Deepak Chahar, Devon Conway, Mahesh Theekshana, Matheesha Pathirana, Mitchell Santner, Moeen Ali, MS Dhoni, Mukesh Choudhary, Nishant Sindhu, Prashant Solanki, Rajvardhan Hangargekar, Ravindra Jadeja, Ruturaj Gaikwad, Shaik Rasheed, Shivam Dube, Simarjeet Singh, Tushar Deshpande
Delhi Capitals	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
Gujarat Titans	Abhinav Sadarangani, B. Sai Sudharsan, Darshan Nalkande, David Miller, Hardik Pandya, 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
Kolkata Knight Riders	Andre Russell, Anukul Roy, Harshit Rana, Jason Roy, Nitish Rana, Rahmanullah Gurbaz, Rinku Singh, Shreyas Iyer, Sunil Narine, Suyash Sharma, Vaibhav Arora, Varun Chakaravarthy, Venkatesh Iyer
Lucknow Super Giants	Amit Mishra, Ayush Badoni, Deepak Hooda, Devdutt Padikkal (T), K. Gowtham, KL Rahul, Krunal Pandya, Kyle Mayers, Marcus Stoinis, Mark Wood, Mayank Yadav, Mohsin Khan, Naveen Ul Haq, Nicholas Pooran, Prerak Mankad, Quinton De Kock, Ravi Bishnoi, Yash Thakur, Yudhvir Charak
Mumbai Indians	Akash Madhwal, Arjun Tendulkar, Cameron Green, Dewald Brevis, Ishan Kishan, Jason Behrendorff, Jasprit Bumrah, Kumar Kartikeya Singh, N. Tilak Varma, Nehal Wadhera, Piyush Chawla, Rohit Sharma, Romario Shepherd (T), Shams Mulani, Surya Kumar Yadav, Tim David, Vishnu Vinod
Punjab Kings	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
Rajasthan Royals	Adam Zampa, Avesh Khan (T), Dhruv Jurel, Donovan Ferreira, Jos Buttler, Kuldeep Sen, Kunal Rathore, Navdeep Saini, Prasidh Krishna, R. Ashwin, Riyan Parag, Sandeep Sharma, Sanju Samson, Shimron Hetmyer, Trent Boult, Yashaswi Jaiswal, Yuzvendra Chahal
Royal Challengers Bangalore	Akash Deep, Anuj Rawat, Dinesh Karthik, Faf Du Plessis, Glenn Maxwell, Himanshu Sharma, Karn Sharma, Mahipal Lomror, Manoj Bhandage, Mayank Dagar (T), Mohammed Siraj, Rajan Kumar, Rajat Patidar, Reece Topley, Suyash Prabhudessai, Virat Kohli, Vyshak Vijay Kumar, Will Jacks
Sunrisers Hyderabad	Abdul Samad, Abhishek Sharma, Aiden Markram, Anmolpreet Singh, Bhuvneshwar Kumar, Fazalhaq Farooqi, Glenn Phillips, Heinrich Klaasen, Marco Jansen, Mayank Agarwal, Mayank Markande, Nitish Kumar Reddy, Rahul Tripathi, Sanvir Singh, Shahbaz Ahamad (T), T. Natarajan, Umran Malik, Upendra Singh Yadav, Washington Sundar

IPL Teams Released Players List

And here is a list of the cricketers, who were released by their teams after the IPL 2023: 

Team	Released Players
Chennai Super Kings	Akash Singh, Ambati Rayudu, Ben Stokes, Bhagath Varma, Dwaine Pretorius, Kyle Jamieson, Sisanda Magala, Subhranshu Senapati
Delhi Capitals	Aman Khan, Chetan Sakariya, Kamlesh Nagarkoti, Manish Pandey, Mustafizur Rahman, Phil Salt, Priyam Garg, Rilee Rossouw, Ripal Patel, Rovman Powell, Sarfaraz Khan
Gujarat Titans	Alzarri Joseph, Dasun Shanaka, K.S. Bharat, Odean Smith, Pradeep Sangwan, Shivam Mavi, Urvil Patel, Yash Dayal
Kolkata Knight Riders	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
Lucknow Super Giants	Arpit Guleria, Daniel Sams, Jaydev Unadkat, Karan Sharma, Karun Nair, Manan Vohra, Suryansh Shegde, Swapnil Singh
Mumbai Indians	Chris Jordan, Duan Jansen, Hrithik Shokeen, Jhye Richardson, Jofra Archer, Mohd. Arshad Khan, Raghav Goyal, Ramandeep Singh, Roley Meredith, Sandeep Warrier, Tristan Stubbs
Punjab Kings	Baltej Dhanda, Bhanuka Rajapaksa, Gurnoor Singh Brar, Matthew Short, Mohit Rathee, Raj Angad Bawa, Shahrukh Khan
Rajasthan Royals	Abdul P A, Akash Vashisht, Jason Holder, Joe Root, K.C Cariappa, K.M. Asif, Kuldip Yadav, Murugan Ashwin, Obed Mccoy
Royal Challengers Bangalore	Avinash Singh, David Willey, Finn Allen, Harshal Patel, Josh Hazlewood, Kedar Jadhav, Michael Bracewell, Siddharth Kaul, Sonu Yadav, Wanindu Hasaranga, Wayne Parnell
Sunrisers Hyderabad	Adil Rashid, Akeal Hosein, Harry Brook, Kartik Tyagi, Samarth Vyas, Vivrant Sharma

Conclusion

The IPL auction is an annual and very important event in every season. It is held 2-3 months before the start of the matches. During the auction, teams add new players to their roster. Each team has a limited budget to purchase players. The budget can be increased by releasing previously recruited players from your roster.
There are two types of auctions: mini (take place every year, the composition of the teams does not need to change) and mega (take place once every 4-5 years, the composition of the teams necessarily changes, no more than 4 people can be retained). The team’s prospects for victory in the upcoming season depend on how the auction goes. Therefore, IPL fans, bookmakers, and bettors are closely watching the trading.

IPL 2024 All Teams Retained Players List With Their Prices Video

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