Press Esc to close
Wednesday 26 November 2014
News updated at 9:21 PM IST
Weather
Max: 29.1°C
Min : 17°C
In Bengaluru
Sunny day

IPL auction to be held Feb 12

New Delhi, Dec 24, 2013 (IANS):
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

Photo Gallery
It is business as usual in Leopold Cafe on the eve of the anniversary ...

It is business as usual in Leopold Cafe on the eve of the anniversary ...

England's captain Alastair Cook (R) talks with his teammate Ravi Bopara...

England's captain Alastair Cook (R) talks with his teammate Ravi Bopara...

Models pose with a car during the inauguration of the Lamborghini showroom...

Models pose with a car during the inauguration of the Lamborghini showroom...

Women from the Delhi police force, undergo martial arts training...

Women from the Delhi police force, undergo martial arts training...

Indian tennis player Sania Mirza blows whistle to joins campaign...

Indian tennis player Sania Mirza blows whistle to joins campaign...

Children rights activist Baburaj, Good Sheperd High School headmistress ...

Children rights activist Baburaj, Good Sheperd High School headmistress ...

A Sun Bird sits on a branch of Jacaranda flower tree...

A Sun Bird sits on a branch of Jacaranda flower tree...

BJP MP'S meeting in Parliament house...

BJP MP'S meeting in Parliament house...

Bipasha Basu and Milind Soman at Pinkathon announcement

Bipasha Basu and Milind Soman at Pinkathon announcement

Modi with BJP leaders at an election rally in Jharkhand

Modi with BJP leaders at an election rally in Jharkhand

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523