The IPL2023 Mini Auction: Everything You Need to Know…

The Indian Premier League’s (IPL) 2023 mini-auction is one of the most anticipated events for cricket fans around the world. With the potential for exciting trades and transfers, the auction will create a buzz in the cricketing world. In this blog post, we will provide you with all the information you need to know about the IPL2023 mini-auction, including dates, participating teams, rules, and more. So if you want to know more about the upcoming IPL2023 mini-auction, read on!

 

IPL 2023 auction date, time, and venue?

The IPL2023 Mini Auction is set to take place on the 6th of January 2023, at noon IST, in Mumbai. The event will be held at the Mumbai Cricket Association’s Bandra-Kurla Complex.

The auction is one of the most anticipated events in the Indian Premier League, with a chance to add new talent to your team and reshape the look of the league. Teams will have the opportunity to bid for talented players and bolster their rosters for the upcoming season.

The auction will feature a variety of players from around the world, with bids starting at a base price. Teams can either go all out and bid up to their maximum budget or play it safe by opting to bid lower amounts on certain players. It will be interesting to see how teams use the auction to their advantage and which players they decide to acquire.

The IPL2023 Mini Auction promises to be an exciting and thrilling event, with teams vying for the best players in the world. With so much talent and money up for grabs, the auction should prove to be an unmissable event!

How does the auction process work?

The auction process for the IPL2023 Mini Auction is quite straightforward. All participating franchises will have a pre-determined purse to spend and each team can bid on up to a maximum of 5 players.

Once the bidding begins, the highest bidder wins the player and the cost of that player is taken out of the total purse of the franchise. The process continues until all teams have filled their rosters or have exhausted their purse.

In addition to this, there are also some rules and regulations governing the auction process. Franchises are not allowed to bid for more than one player at a time, and must also adhere to a salary cap per player.

The IPL Governing Council also keeps a close watch on the auction proceedings, to ensure that no franchise is trying to acquire too many players or spending too much money on any single player.

It is worth noting that the IPL Governing Council reserves the right to reject bids if they deem them to be excessively high or unreasonable. Additionally, if a franchise is found to be in breach of any rules or regulations during the auction process, it may face disciplinary action.

When is the IPL2023 Mini Auction?

The IPL2023 Mini Auction is set to take place on the 18th of December, 2023 at 7 PM IST. It will be held in Mumbai at the Wankhede Stadium.

This marks the start of the upcoming season of the Indian Premier League, which will begin in April 2023.

All 8 participating teams are allowed to bid for a maximum of 60 players during the auction. The auction will last for two days and all teams will have an opportunity to add to their squad, strengthen their weaknesses and build a formidable team.

What are the rules of the auction?

The rules of the IPL2023 Mini Auction are simple and straightforward. The franchises have to abide by the rules set out in the IPL2023 Mini Auction regulations. The rules are as follows:

1. Franchises can bid on up to three players in any category.
2. The minimum bid amount is ₹10 lakhs and the maximum bid amount is ₹50 crores.
3. Bids must be submitted within the stipulated timeframe given for the auction.
4. Franchises may withdraw their bid at any point in time.
5. Franchises must comply with the budget cap regulations as prescribed by the BCCI.
6. Franchises must comply with the eligibility criteria for players as prescribed by the BCCI.
7. If a franchise is declared the highest bidder for a player, it will be required to pay the full amount stated in the bid immediately.
8. A franchise can only have a maximum of 25 players in its squad post-auction.
9. The auctioneer has the right to cancel any bid at any time if they deem it necessary.
10. Once a player is sold to a franchise, he cannot be transferred or traded to another team during the season.

How much money is up for grabs?

The IPL2023 Mini Auction has a total prize pool of Rs.140 crores, which is the highest-ever auction purse for any IPL edition. The franchises are required to bid within the set salary cap of Rs.85 crores and make a minimum investment of Rs.45 crores.

This means that franchises have the opportunity to make investments worth up to Rs.140 crores at the auction. The teams will also have the option to use their right-to-match cards in order to retain players who have been bought by other groups in the auction.

This mini-auction provides an exciting opportunity for franchises to strengthen their squads and build a team of talented players. It will also be interesting to see how the teams use their money to maximize their chances of success in the IPL 2023 season.

Who are the franchises participating in the IPL2023 Mini Auction?

The IPL2023 Mini Auction is set to be an exciting affair, with all eight franchises competing to strengthen their squads for the upcoming season.

The franchises that are participating in the IPL2023 Mini Auction are Delhi Capitals, Chennai Super Kings, Kolkata Knight Riders, Kings XI Punjab, Rajasthan Royals, Sunrisers Hyderabad, Royal Challengers Bangalore, and Mumbai Indians.

All eight teams will have their eyes firmly fixed on the auction as they look to strengthen their squads and build a team capable of winning the IPL2023 title.
The auction will be a great opportunity for the franchises to acquire new players and create a balanced squad. Each franchise will have the chance to select up to 25 players, with a maximum of 5 overseas players per team. The teams will also have to adhere to the player budget set by the Board of Control for Cricket in India (BCCI).
The teams will be looking to add quality to their squads through the IPL2023 Mini Auction and it should be an exciting event for fans of the Indian Premier League.

What are the players’ base prices?

The IPL2023 Mini Auction has different categories of players who have been assigned base prices. The base prices are determined by the player’s cricketing experience, age, skills, and reputation in the game. Each franchise will be allowed to bid a minimum of Rs. 20 lakhs and a maximum of Rs. 75 lakhs for any player.

The base prices for players are categorized as follows:
• Marquee players – Rs. 5 crore
• A-Grade players – Rs. 3 crore
• B-Grade players – Rs. 1.5 crore
• C-Grade players – Rs. 75 lakh
• Emerging players – Rs. 20 lakh

Players who are not part of any other IPL team can be signed up for the base price. This allows new talent to emerge and become part of the IPL2023 Mini Auction. The teams that choose these players stand to gain more value if they perform exceptionally well in the tournament.

What is the auction format?

The IPL2023 Mini Auction follows the traditional auction format. The eight franchises take turns nominating players, who will then be auctioned off to the highest bidder. The auction process consists of three rounds: Pre-Bidding Round, Main-Bidding Round, and Post-Bidding Round.

In the Pre-Bidding Round, franchises can bid on players that have already been nominated. This round sets the base price for each player and sets a minimum starting point for the bidding in the Main Bidding Round.

The Main Bidding Round is the actual auction where the franchises compete against each other to acquire the services of the players they are interested in. The franchise with the highest bid wins the rights to the player. If a team is not able to meet the winning bid price, they will have the option to nominate another player from the pool.

The Post Bidding Round is when franchises can fill out their squads. In this round, they can acquire any unsold player at their base price, as long as they have enough funds available in their purse.
At the end of the auction, all teams must have a minimum of 18 players and a maximum of 25 players in their squad.

What are the player categories?

The IPL2023 Mini Auction will involve a total of eight-player categories. These are as follows:

• Capped Players: These are players who have played in the Indian Premier League (IPL) in the past, and are aged between 18 and 28.
• Uncapped Players: These are players who have never played in the IPL before, and are aged between 18 and 28.
• Overseas Players: This category consists of players from other countries, excluding India, who have not yet participated in the IPL.
• Associate Countries Players: This category consists of players from any associate country (member of the ICC), who have not yet participated in the IPL.
• Right To Match (RTM) Players: These are players who were part of a franchise’s squad in the previous season but were not part of the auction. They can be repurchased by their original franchise for the same price that was paid for them in the last auction.
• Youngsters: This category consists of uncapped players aged between 18 and 25.
• Veterans: This category consists of players who have represented their respective countries at least once in international cricket.
• Local Indian Players: This category consists of local Indian players who have not yet participated in the IPL.
All these categories have different criteria that the players must meet in order to be eligible to participate in the auction. In addition to these criteria, there is also a salary cap that each franchise must adhere to when selecting players.

QnA:

Q1: Is there a limit to how many players a franchise can buy?

Ans: Yes, each franchise is limited to three overseas players and eight Indian players for the IPL2023 Mini Auction.

Q2: How long does the auction usually last?

Ans: The IPL2023 Mini Auction will typically last around 2-3 hours.

Q3: Are there any restrictions on which players can be bought?

Ans: Yes, each franchise is limited to buying players who have a base price of no more than INR 5 crore (approx $700,000).

Q4: Is the auction open to all teams?

Ans: No, only teams that participated in the IPL2022 season are eligible to participate in the IPL2023 Mini Auction.

Q5: What is the deadline for registering players?

Ans: Teams must submit their list of players they wish to register for the auction at least one week before the auction date.