8 things you should know before IPL 2023 Auction

IPL 2023 Auction is scheduled to take place on December 23 in Kochi.

8 things you should know before IPL 2023 Auction
8 things you should know before IPL 2023 Auction
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Players auction for the 16th season of the Indian Premier League (IPL 2023) is scheduled to take place on December 23 in Kochi. Cricket viewers are excited as they are heading closer to the IPL 2023.

Here is 8 thing you should know before the IPL Auction 2023:

1. Purse Available

The salary purse for the IPL 2023 auction is increased by Rs 5 crore from last year, which means the salary purse is increased to Rs 95 crore from Rs 90 crore last year.

The ten franchises have a total available purse of Rs 206.5 crore. The breakdown of the purse value of each franchise is listed below:

TeamPurse Remaining
Chennai Super KingsRs 20.45 Crore
Delhi CapitalsRs 19.45 Crore
Gujarat TitansRs 19.25 Crore
Kolkata Knight RidersRs 7.05 Crore
Lucknow Super GiantsRs 23.35 Crore
Mumbai IndiansRs 20.55 Crore
Punjab KingsRs 32.20 Crore
Rajasthan RoyalsRs 13.20 Crore
Royal Challengers BangaloreRs 8.75 Crore
Sunrisers HyderabadRs 42.25 Crore

2. Slots Available

A total of 87 spots are available in eight franchise teams including 30 overseas slots. A total of 405 players; 273 Indian players and 132 overseas players are up for grabs. There are a total of 119 capped players, 282 uncapped and 4 players from the Associate teams.

Slots availability for each team are broken down below:

TeamSlots AvailableOverseas Slot
Chennai Super Kings72
Delhi Capitals52
Gujarat Titans73
Kolkata Knight Riders113
Lucknow Super Giants104
Mumbai Indians93
Punjab Kings93
Rajasthan Royals94
Royal Challengers Bangalore72
Sunrisers Hyderabad134

The maximum squad strength for each team is 25 players. However, every team must have a minimum of 18 players in their respective squads. Also, a team can have a maximum of 8 overseas players.

Also Check: Complete List of players in the IPL 2023 Auction

3. IPL 2023 Auctioneer

English auctioneer, Hugh Edmeades is set to return as the IPL auctioneer during the IPL Auction 2023. He took over from Richard Madley in 2018 and has been hosting the IPL auction ever since.

4. Date, Time and Venue of IPL Auction 2023

IPL 2023 Auction will take place on December 23 at 2:30 PM IST in Kochi.

Date: 23 December 2022
Venue: Kochi
Time: 2:30 am IST

5. Live Stream and Live Telecast Channel

Live Telecast Channels: Star Sports 1, Star Sports 1 HD, Star Sports 1 Hindi, Star Sports 1 Hindi HD, Star Sports 1 Telugu, Star Sports 1 Kannada, Star Sports 1 Tamil, and Star Sports 1 Bangla.

Live stream: Disney+Hotstar and Jio Cinema.

Also Check: When and where to watch IPL 2023 Auction Live

6. RTM (Right To Match)

Being a mini-auction, IPL Auction 2023 will not have the Right to Match card.

What is a Right to Match Card?

This is an option given to the franchises to buy back a player they have not managed to retain but would like to bring back into their team. The way it works is that after the highest bid amount for a player is determined at the auction, the team which previously owned the player is given the choice to match the highest bid. If they choose to use their RTM card they can then have the player. If not, the team which bid the highest for that player get to buy the player. When the RTM card is available as an option a team which owned the player previously waits for the bidding to get over before using the card to buy back the player. This is of course if the franchise wants to buy back the player.

7. Accelerated Bidding Process

Only the first 87 players will be up for bidding under the normal process. player No. 87 onwards till 405 will be processed under the Accelerated Bidding Process.

What is the accelerated process?

As the name suggests, the accelerated process is to quicken the whole auction process. After the first day of the auction, the franchises will be asked to nominate, from the remaining pool, the players they are interested in. Those players will go under the hammer on Sunday. This process could be repeated if any franchise wants to further nominate unpresented/unsold until then.

8. Silent Tie-Breaker

The silent tie-breaker has existed in the IPL auctions since 2010 but it has not been used until now.

What is the silent tie-breaker?

It comes into play when a franchise makes a “last bid” for a player wherein it would have exhausted its purse and that amount would be matched by another franchise. Both franchises would then need to submit a written bid stating an amount they would pay over the “last bid” they had made. That tie-break bid is the separate amount the franchise has to pay to the BCCI and is not deducted from their purse. There is no limit on the amount of the tie-break bid. If the silent bids are also equal, the process will be repeated.