Remaining Purse Of IPL Teams 2024 — List

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The purse or budget of an IPL team varies from season to season and is determined by the IPL governing council. The governing council decides the salary cap for each franchise, which is the maximum amount a team can spend on player salaries during the auction. The salary cap is intended to promote parity among the teams and prevent any single team from having a significant financial advantage. You can check the 4 Ra Bet cricket betting popularity and place your bets right now. 

The salary cap can change from season to season based on the decisions of the IPL governing council. In 2024, for each IPL team, the purse limit will grow to 100 crore (Indian Rupees). 

The salary cap includes the amounts spent on player salaries during the auction, as well as other expenses related to team management and support staff. Teams must carefully manage their budget during the auction to ensure they have the financial flexibility to build a competitive squad.

How To Work IPL Auction

Before we know the size of the remaining purses before the next IPL season, we need to understand how works IPL auction. Because the remaining purse is used by teams during the auction. 

The Indian Premier League (IPL) auction is an event where franchises bid for players to form their teams for the upcoming season. Here’s an overview of how the IPL auction works:

1. Player Registration: Before the auction, players who wish to participate register themselves in different categories, such as capped (international and Indian players with prior IPL experience) and uncapped (players without prior IPL experience).
2. Player Categorization: Players are categorized into different groups based on their playing experience and international status. These categories include capped and uncapped players from India and abroad.
3. Player Retention: Each franchise has the option to retain a certain number of players from their previous squad. Retained players are those whom the franchise decides to keep for the upcoming season, and they are deducted from the team’s auction purse.
4. Auction Purse: Each franchise is given a fixed amount of money, known as the auction purse, to spend on building its squad during the auction. This purse is used to bid for players in the auction process.
5. Auction Process: The auction typically takes place in a live bidding format. Players are presented one by one, and franchises have the opportunity to bid for them.
6. The bidding starts at a base price set by the IPL governing council. Interested franchisees raise their paddles to indicate their bid for a player. The bidding continues until no other team is willing to bid higher.
7. The franchise with the highest bid at the end of the process wins the player. The bid amount is deducted from the franchise’s auction purse.
8. Right-to-Match (RTM) cards: In addition to the players retained before the auction, franchises have the option to use Right-to-Match cards during the auction. A Right-to-Match card allows a franchise to match the highest bid for one of their former players and retain that player.
9. Auction Strategy: Franchises need to balance their budget wisely and strategically bid for players to build a well-rounded and competitive team.
10. Teams often focus on key areas, such as batting, bowling, and all-rounders, to ensure a balanced squad.
11. Maximum Squad Size: Each franchise has a maximum limit on the number of players they can have in their squad. Once this limit is reached, the franchise cannot bid for any more players.
12. Unsold Players: Players who do not receive any bids during the auction are considered unsold. However, franchises have the option to sign unsold players in a later signing window.
13. Post-Auction Trades: After the auction, franchises can engage in player trades to further strengthen their squads.

It’s worth noting that the IPL auction is a dynamic and fast-paced event, and franchises need to make quick decisions to secure their desired players within the constraints of their budget. The success of a team in the IPL often depends on the effectiveness of their auction strategy and the selection of a balanced squad.

Why Does Remaining Purse Matters Before IPL Season? 

The remaining purse before the IPL season is crucial because it represents the budget that a franchise has available to manage various aspects of team operations, including player salaries, team management, coaching staff, and other expenses.

Here’s why the remaining purse is significant:

• Player Salaries: The primary use of the auction purse is to bid for and sign players during the IPL auction. Franchises need to manage their budget wisely to acquire a competitive squad while staying within the allocated purse. The remaining purse reflects the financial capacity of a team to make additional player signings, and trades, or address any squad deficiencies during the season.
• Strategic Flexibility: Having a substantial remaining purse provides strategic flexibility during the season. If a franchise identifies a specific player they want to acquire through trade or sign an unsold player in a subsequent signing window, having a healthy budget allows them to make those moves without financial constraints.
• Injuries and Replacements: During the IPL season, teams may encounter player injuries or other unforeseen circumstances that require them to bring in replacements. The remaining purse enables franchises to sign replacement players without exceeding their budgetary limits.
• Mid-Season Trades: Franchises may explore mid-season trades to strengthen specific areas of their squad. The remaining purse is essential for facilitating such trades and acquiring players who can contribute to the team’s success.
• Team Management and Support Staff: Apart from player salaries, teams need to allocate funds for the salaries of coaching staff, physiotherapists, analysts, and other support personnel. The remaining purse allows franchises to invest in competent support staff to ensure the overall well-being and performance of the team.
• Contingency Planning: Cricket, like any other sport, is subject to uncertainties. The remaining purse acts as a contingency fund, allowing franchises to adapt to unforeseen circumstances and make strategic decisions to enhance the team’s competitiveness.
• Balancing the Squad: Teams may reassess their squad’s strengths and weaknesses during the season and decide to make adjustments. The remaining purse provides the means to address any imbalances and strengthen specific areas of the team through strategic signings.

In summary, the remaining purse is a critical aspect of a franchise’s financial planning and management. It provides the necessary flexibility and resources for teams to navigate the dynamic nature of the IPL, make strategic decisions, and ensure that the squad remains competitive throughout the season.

Remaining Purse Of All IPL Teams Before Auction 2024

The 26th of November was the final date that all IPL teams must release players before the upcoming auction. It means, before the auction the remaining purses were completed. 

Mumbai Indians

Remaining purse	17.75 Crores
Released Players	Arshad Khan, Ramandeep Singh, Hrithik Shokeen, Raghav Goyal, Jofra Archer, Tristan Stubbs, Duan Jansen, Jhye Richardson, Riley Meredith, Chris Jordan, Sandeep Warrier
Retained Players	Rohit Sharma, Dewald Brevis, Suryakumar Yadav, Ishan Kishan, Tilak Varma, Tim David, Vishnu Vinod, Arjun Tendulkar, Shams Mulani, Nehal Wadhera, Jasprit Bumrah, Kumar Kartikeya, Piyush Chawla, Akash Madhwal, Jason Behrendorff

Hardik Pandya makes a triumphant return to the Mumbai Indians (MI), adding depth to their already formidable batting lineup. His versatile skills contribute not only to batting strength but also bolster the team’s bowling capabilities. However, MI should consider reinforcing their bowling depth further. In the trading process, MI welcomed back Hardik Pandya and acquired Romario Shepherd, while Cameron Green has been traded out to Royal Challengers Bangalore.

Despite initial media reports suggesting a potential trade involving Rohit Sharma, Mumbai Indians have dismissed such rumors, retaining the iconic captain for the IPL 2024 season. Rohit, leading the five-time IPL champions, remains a pivotal figure for the team. Another media report that proved accurate is the return of Hardik Pandya, who, after a two-year stint with Gujarat Titans, rejoins MI as a more significant force, enriched with leadership experience. Pandya, now a captain in the shortest format at the national level, enhances MI’s squad dynamics. This return, however, led to the release of Cameron Green, who has found a new home with Royal Challengers Bangalore in a separate deal.

Gujarat Titans

Remaining purse	38.15 Crores
Released Players	Alzarri Joseph, Odean Smith, Dasun Shanaka, Yash Dayal, KS Bharat, Shivam Mavi, Urvil Patel, Pradeep Sangwan
Retained Players	David Miller, Shubman Gill, Matthew Wade, Wriddhiman Saha, Kane Williamson, Abhinav Manohar, B Sai Sudharsan, Darshan Nalkande, Vijay Shankar, Jayant Yadav, Rahul Tewatia, Mohammed Shami, Noor Ahmad, R Sai Kishore, Rashid Khan, Josh Little, Mohit Sharma

The departure of Hardik Pandya creates a void in the Gujarat Titans (GT), as losing an all-rounder and captain of his caliber is far from ideal. Despite this setback, GT has a substantial budget of 38.15 crore and a predominantly settled squad, providing a strong foundation to build upon their successful campaigns in 2022 and 2023. In the 2023 season, under Pandya’s leadership, Gujarat Titans reached the IPL final, competing against eventual winners Chennai Super Kings.

Despite speculations about Pandya potentially moving to MI, Gujarat Titans secured the retention of the 30-year-old before the IPL retention window closed. In the latest developments, officials from the Board of Control for Cricket in India (BCCI) have confirmed that MI completed an all-cash deal valued at INR 15 crore to acquire Pandya’s services for the upcoming IPL 2024 season.

Royal Challengers Bangalore

Remaining purse	23.25
Released Players	Wanindu Hasaranga, Harshal Patel, Josh Hazlewood, Finn Allen, Michael Bracewell, David Willey, Wayne Parnell, Sonu Yadav, Avinash Singh, Siddharth Kaul, Kedar Jadhav
Retained Players	Faf du Plessis, Rajat Patidar, Virat Kohli, Anuj Rawat, Dinesh Karthik, Suyash Prabhudessai, Will Jacks, Glenn Maxwell, Mahipal Lomror, Karn Sharma, Manoj Bhandage, Akash Deep, Mohammed Siraj, Reece Topley, Himanshu Sharma, Rajan Kumar, Vyshak Vijaykumar

Despite Dinesh Kartik’s underwhelming performance in 2022 and absence from competitive matches, RCB has chosen to retain him. The team has also retained its captain, Faf Du Plessis, along with skipper Virat Kohli. Notably, Yuzvendra Chahal hasn’t been retained by RCB, being released by two other players in the team. Two players are set to be traded within the team, and the comprehensive list will be disclosed on the auction date. RCB has retained a total of 18 players in preparation for the IPL 2024 Auction.

Royal Challengers Bangalore (RCB) is seldom quiet, and recent moves include acquiring Cameron Green in an all-cash trade (17.5 crore) from MI. This addition strengthens their batting lineup, but with 23.25 crore remaining, RCB needs to strategically build a formidable bowling attack.

Kolkata Knight Riders

Remaining purse	32.7 Crores
Released Players	Tim Southee, Umesh Yadav, Lockie Ferguson, Shardul Thakur, Mandeep Singh, Kulwant Khejroliya, N Jagadeesan, David Wiese, Aarya Desai, Litton Das, Johnson Charles, Shakib Al Hasan
Retained Players	Nitish Rana, Rinku Singh, Rahmanullah Gurbaz, Shreyas Iyer, Jason Roy, Anukul Roy, Andre Russel, Venkatesh Iyer, Suyash Sharma, Harshit Rana, Sunil Narine, Vaibhav Arora, Varun Chakravarthy

Kolkata Knight Riders (KKR) are gearing up for a fresh start in IPL 2024, having released 12 players to revamp an underperforming squad. The West Indian duo of Andre Russell and Sunil Narine remains a crucial part of their retained lineup. As they head into the IPL 2024 auction, KKR boasts a substantial budget, with 12 available slots, four of which are reserved for overseas players. With INR 67.3 crore already utilized from their salary cap, they still hold a significant INR 32.3 crore for the auction scheduled on December 19.

Following a challenging IPL 2023 where KKR finished 7th and missed the playoffs, they are determined to improve their performance in the upcoming season. With Gautam Gambhir as their mentor from LSG, Shreyas Iyer, who recovered from a back injury, is set to lead the team in 2024. Despite parting ways with 12 players, KKR now has the fewest players compared to other teams. Notable exits include Shakib Al Hasan, Litton Das, Lockie Ferguson, Shardul Thakur, Umesh Yadav, Tim Southee, and David Wiese. Amidst talks of releasing Andre Russell, KKR has decided to retain him, and Sunil Narine will also continue as part of the team for the 2024 season. Additionally, Jason Roy, who replaced Alex Hales in the previous season, is back with the Kolkata Knight Riders.

Delhi Capitals

Remaining purse	28.95 Crores
Released Players	Rilee Rossouw, Chetan Sakariya, Rovman Powell, Manish Pandey, Phil Salt, Mustafizur Rahman, Kamlesh Nagarkoti, Ripal Patel, Sarfaraz Khan, Aman Khan, Priyam Garg
Retained Players	Rishabh Pant, David Warner, Prithvi Shaw, Yash Dhull, Abishek Porel, Axar Patel, Lalit Yadav, Mitchell Marsh, Pravin Dubey, Vicky Ostwal, Anrich Nortje, Kuldeep Yadav, Lungi Ngidi, Khaleel Ahmed, Ishant Sharma, Mukesh Kumar

Delhi Capitals (DC) have actively reshaped their squad following a disappointing IPL 2023 season, emphasizing their focus on improving finishing and strengthening the pace bowling attack in the upcoming auction. The team made significant releases, parting ways with 11 players, essentially an entire playing 11 for the IPL 2024 auction. Notable exits include overseas batters Rilee Rossouw, Rovman Powell, and Phil Salt, along with domestic players like Sarfaraz Khan, Manish Pandey, Chetan Sakariya, Priyam Garg, Ripal Patel, Kamlesh Nagrakoti, Aman Khan, Mustafizur Rahman. Rishabh Pant, a crucial player, has been retained, leaving DC with nine slots, five of which are for overseas players, and a purse of INR 28.95 crore for the upcoming auction.

Heading into the IPL 2024 auction on December 19, the Delhi Capitals are strategically tweaking their team to build a more competitive squad. Despite never winning the IPL, the Capitals are committed to forming a formidable team for the upcoming season. Key retentions include Prithvi Shaw, Ishant Sharma, Yash Dhull, Abhishek Porel, and Vicky Ostwal. While David Warner led the team in the previous season, there are indications that Rishabh Pant might assume the captaincy if he recovers from his injury. Notable releases like Manish Pandey, Sarfaraz Khan, Rovman Powell, and Rilee Rossouw aim to create a stronger and more competitive Delhi Capitals team for the forthcoming IPL.

Lucknow Super Giants

Remaining purse	13.5 Crores
Released Players	Daniel Sams, Karun Nair, Jaydev Unadkat, Manan Vohra, Karan Sharma, Suryansh Shedge, Swapnil Singh, Arpit Guleria
Retained Players	KL Rahul, Quinton de Kock, Nicholas Pooran, Ayush Badoni, Deepak Hooda, K Gowtham, Krunal Pandya, Kyle Mayers, Marcus Stoinis, Prerak Mankad, Yudhvir Singh, Mark Wood, Mayank Yadav, Mohsin Khan, Ravi Bishnoi, Yash Thakur, Amit Mishra, Naveen-ul-Haq

As the Lucknow Super Giants (LSG) approach their third IPL season, they appear well-settled, making strategic moves to strengthen their squad. Notable acquisitions include Devdutt Padikkal, while trades involving Romario Shepherd and Avesh Khan were executed. The release of Daniel Sams creates a potential focus on securing a seam-bowling all-rounder, with Jason Holder being a plausible candidate.

LSG has maintained stability by retaining most key players for IPL 2024, releasing only four, and executing one trade in preparation for the auction on December 19 in the UAE. Led by KL Rahul, the Super Giants, despite reaching the playoffs in their first two seasons, aim to enhance their performance under a new coaching staff, including Justin Langer as head coach, Pravin Tambe, Morne Morkel, and Jonty Rhodes in specialized coaching roles. The team’s strategic approach, coupled with the addition of key personnel, sets the stage for LSG to make impactful moves in the IPL 2024 Auction, with a specific focus on reinforcing their squad with versatile all-rounders and talented bowlers from the domestic circuit.

Sunrisers Hyderabad

Remaining purse	34 Crores
Released Players	Harry Brook, Adil Rashid, Akeal Hosein, Karthik Tyagi, Vivrant Sharma, Samarth Vyas
Retained Players	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

Sunrisers Hyderabad (SRH) faced disappointment in the 2023 IPL season, failing to live up to expectations despite signing promising talents. Notably, Harry Brook, who struggled to justify his price tag, has been released ahead of the IPL auction. Additionally, the surprising release of talented bowler Karthik Tyagi reflects SRH’s commitment to reshaping their squad.

With only four wins from 14 league matches in the previous season, SRH aims for a fresh start in the IPL 2024 mini-auction. Despite naming Aiden Markram as the captain after Kane Williamson’s departure, the team’s performance remained inconsistent. To address these challenges, SRH has released several players, making strategic decisions across the top order and bowling department. As the team prepares for the mini-auction in Dubai on December 19, SRH’s think tank is focused on scouting and bidding for players better suited to their style of play, hoping to turn their fortunes around in the 17th edition of the IPL. In a recent trade, SRH released Mayank Dagar and acquired Shahbaz Ahmed from the Royal Challengers Bangalore, signaling their intent to strengthen specific areas of their squad.

Chennai Super Kings

Remaining purse	31.4 Crores
Released Players	Ambati Rayudu, Ben Stokes, Dwaine Pretorius, Bhagath Varma, Subhranshu Senapati, Akash Singh, Kyle Jamieson, Sisanda Magala
Retained Players	MS Dhoni, Devon Conway, Ruturaj Gaikwad, Ajinkya Rahane, Shaik Rasheed, Ravindra Jadeja, Mitchell Santner, Moeen Ali, Shivam Dube, Nishant Sindhu, Ajay Mandal, Rajvardhan Hangargekar, Deepak Chahar, Mahesh Theekshana, Mukesh Chowdhary, Prashant Solanki, Simarjeet Singh, Tushar Deshpande, Matheesha Pathirana

Chennai Super Kings (CSK) enter the IPL 2024 mini-auction with a substantial budget of 31.4 crore, a noteworthy portion of which comes from the release of Ben Stokes (16.25 crore) and Ambati Rayudu (6.75 crore). As the defending IPL champions, CSK boasts a settled and robust squad, prompting careful considerations by the franchise’s think tank and backroom staff leading up to the auction. Despite anticipation surrounding the future of veteran captain Mahendra Singh Dhoni, CSK, known for their consistent approach, is likely to retain most players while parting ways with those facing uncertainties, either due to time commitments or injury concerns.

The release and retention list unveiled on the designated day, revealed Rayudu’s retirement following CSK’s victorious campaign last year, while England all-rounder Ben Stokes opted out of the upcoming season to address ongoing knee issues. Stokes, having recently returned from ODI retirement for the World Cup, acknowledged the necessity of a knee surgery. While CSK expresses support for his decision, the franchise, in consideration of the auction dynamics, chose to release him, shaping their strategy for the challenges of the upcoming season.

Rajasthan Royals

Remaining purse	14.5 Crores
Released Players	Joe Root, Abdul Basith, Jason Holder, Akash Vashisht, Kuldip Yadav, Obed McCoy, M Ashwin, KC Cariappa, KM Asif
Retained Players	Sanju Samson, Jos Buttler, Shimron Hetmyer, Yashasvi Jaiswal, Dhruv Jurel, Riyan Parag, Donovan Ferreira, Kunal Rathore, R Ashwin, Kuldeep Sen, Navdeep Saini, Sandeep Sharma, Trent Boult, Yuzvendra Chahal, Adam Zampa, Prasidh Krishna

Rajasthan Royals (RR) are gearing up for the IPL 2024 auction to reclaim a spot in the playoffs after missing out in 2023. Notable releases include Jason Holder and Joe Root, the latter opting out of the upcoming IPL season. A key priority for RR in the auction will be acquiring a skilled all-rounder to enhance their squad dynamics.

The Royals have retained their core team for IPL 2024, aspiring to improve upon their performance and secure a playoff berth. Despite being runners-up in 2022, their only appearance in the final since 2008, RR is focused on building a competitive squad. Key Indian players such as Yashasvi Jaiswal, Yuzvendra Chahal, Ravichandran Ashwin, and Sandeep Sharma have been retained, with Sanju Samson likely to lead the team again. Noteworthy retentions include Riyan Parag, showcasing impressive performances in domestic games with Assam, and an Indian pace trio – Navdeep Saini, Kuldeep Sen, and Prasidh Krishna – who are expected to play crucial roles in the upcoming season. However, the team has bid farewell to players like Jason Holder, Joe Root, and Obed McCoy, as well as Indian talents Murugan Ashwin, KC Cariappa, and K.M. Asif.

Punjab Kings

Remaining purse	29.1 Crores
Released Players	Shahrukh Khan, Raj Bawa, Baltej Dhanda, Mohit Rathee, Bhanuka Rajapaksa
Retained Players	Shikhar Dhawan, Jitesh Sharma, Jonny Bairstow, Prabhsimran Singh, Liam Livingstone, Atharva Taide, Rishi Dhawan, Sam Curran, Sikandar Raza, Shivam Singh, Harpreet Brar, Arshdeep Singh, Kagiso Rabada, Nathan Ellis, Rahul Chahar, Vidwath Kaverappa, Harpreet Bhatia

Punjab Kings (PBKS) strategically released Shahrukh Khan to retain the services of Sam Curran, allocating 29.1 crores to shape a team capable of securing the franchise’s first playoff appearance in a decade. As one of the few IPL franchises yet to claim a title, PBKS has finalized its list of retained and released players for the upcoming IPL 2024 auction. The team has preserved its core, including foreign stars Jonny Bairstow, Liam Livingstone, and Sikandar Raza while bidding farewell to one of their highly talked-about Indian talents.

Despite a notable auction before the previous season, PBKS faced disappointment, finishing in the bottom half of the points table at the eighth position. With a revamped strategy for the 17th season, PBKS looks to bounce back with a fully-fit Bairstow, a determined Shikhar Dhawan at the top, and a well-structured middle order featuring emerging Indian talents. Retaining key players like Sam Curran, Kagiso Rabada, and Arshdeep Singh, PBKS aims to leverage their pace department, while spin bowlers Rahul Chahar and Harpreet Brar add depth and variety to their bowling arsenal.

Conclusion

The remaining purse for an IPL team is a very important characteristic. It indicates how much money a franchise can spend over the next season. Restrictions apply for each season. Restrictions are subject to change. In 2024, the purse limit is 100 Crores (an increase of 5 Crores compared to IPL 2023).

The IPL is holding a mini-auction in 2024. This means that all teams retain most of their roster. Player updates will be small. However, it is still important because new blood can add strength to the team and change the composition of the forces in the table.

For cricket bettors, it is important to keep an eye on both the purse size and the auction. This way you will know what the franchise’s options are for acquiring new players. The larger the wallet, the more the team can spend on strengthening itself.

All 10 IPL Teams Remaining Purse, and List of the Released & Remained Players Video

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