Press Esc to close

IPL auction to be held Feb 12

New Delhi, Dec 24, 2013 (IANS): 18:19 IST
Rajasthan Royals owner Shilpa Shetty with the then IPL chief Rajiv Shukla after the last year's IPL auction. PTI File Photo
The auction for the 2014 Indian Premier League (IPL) will be held Feb 12, the Board of Control for Cricket in India (BCCI) announced Tuesday.

"The auction will be held on Feb 12 and if necessary on Feb 13. The venue of the auction will be announced soon," said the BCCI said in a statement.

The teams can retain up to five players and can't have more than 27 players in the squad, of which nine may be overseas players, according to the regulations laid down by the IPL Governing Council. They need to have at least 16 players to form the squad.

Players whether capped, uncapped, domestic or overseas must enter the auction if they were not part of the 2013 edition.

A franchise can spend up to Rs.60 crore on the players' fees with the cap increasing by five percent for 2015 and 2016. The minimum a team will have to shell out is Rs.36 crore in each of the next three IPL editions.

From now on, all players will be paid in Indian rupees and overseas players can be paid in the currency of their choice "at the prevailing exchange rate on either the actual date of payment or contract due date, whichever is beneficial to the player."

Teams will have to pay Rs.39 crore for retaining their five players, leaving them with Rs.21 crore to buy the rest of the 22 players. A retained player can earn a maximum of Rs.12.5 crore.

Under-19 cricketers must have played a First Class or List A game before signing the the IPL contract, the BCCI said.

Go to Top

More from this section
Most trending stories
Photo Gallery
People celebrate Latthmaar Holi in Barsana near Mathura on Saturday...

People celebrate Latthmaar Holi in Barsana near Mathura on Saturday...

An olive ridley turtle makes nest to lay eggs during mass nesting at Rushikulya of Ganjam...

An olive ridley turtle makes nest to lay eggs during mass nesting at Rushikulya of Ganjam...

A girl with umbrella sells vegetables during light rains, at the banks of Dal Lake in Srinagar...

A girl with umbrella sells vegetables during light rains, at the banks of Dal Lake in Srinagar...

Actor Rani Mukherji poses with differently-abled children during Hichki Teachers Award...

Actor Rani Mukherji poses with differently-abled children during Hichki Teachers Award...

Artists perform on the ocassion of 'Fag Mahotsav' ahead of Holi festival at Govind Dev Ji Temple...

Artists perform on the ocassion of 'Fag Mahotsav' ahead of Holi festival at Govind Dev Ji Temple...

People celebrate Latthmaar Holi during the Latthmaar Holi celebrations, in Barsana near...

People celebrate Latthmaar Holi during the Latthmaar Holi celebrations, in Barsana near...

Policemen are surrounded by teargas during an anti-facism demonstration in Milan, Italy. Reuters

Policemen are surrounded by teargas during an anti-facism demonstration in Milan, Italy. Reuters

A teakwood display team of Army Service Corps displays their skills during a horse show at...

A teakwood display team of Army Service Corps displays their skills during a horse show at...

A teakwood display team of Army Service Corps displays their skills during a horse show at ...

A teakwood display team of Army Service Corps displays their skills during a horse show at ...

Congress President Rahul Gandhi, Karnataka Chief Minister M Siddaramaiah, Senior leader...

Congress President Rahul Gandhi, Karnataka Chief Minister M Siddaramaiah, Senior leader...

Like us on Facebook

Copyright 2017, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523
Powered by Yodasoft Technologies Pvt. Ltd.