Abhinav Kumar Singh 
The IPL player auction for the 2023 Indian Premier League season is set to take place in Kochi on December 23. Unlike the 2022 mega auction, when the ten franchises had to rebuild their squads virtually from scratch, IPL 2023 Auction will be a mini auction this year. The ten IPL franchises have been asked to submit their list of retained players by November 15.
According to ESPN Cricinfo, the auction will be a one-day affair and will be conducted in Kochi. This is the first time in the history of the tournament that the auctions will be held in the state of Kerala.
According to a Cricbuzz report, the BCCI were looking for a potential venue for the auction. However, once the Istanbul plan could not materialise and the cricket board eventually opted for Kochi.
IPL 2023 Purse Value
In addition to the money left over from their previous auction purse and the value of the players they release, each team will have an additional Rs 5 crore to spend at this auction, making the overall purse Rs 95 crore.
After last year’s auction, Punjab Kings had the largest purse left (Rs 3.45 crore), while Mumbai Indians, Delhi Capitals and Sunrisers Hyderabad the lowest purse with Rs 0.10 crore. The Sanjeev Goenka-owned Lucknow Super Giants had finished off its entire purse in the mega-auction.
Chennai Super Kings had Rs 2.95 crore remaining, followed by Royal Challengers Bangalore (Rs 1.55 crore), Rajasthan Royals (Rs 0.95 crore) and Kolkata Knight Riders (Rs 0.45 crore). Defending champions Gujarat Titans were left with Rs 0.15 crore.
Teams’ purse after IPL 2023 Auction
- Punjab Kings: Rs.3.45 crore
- Lucknow Super Giants: 0
- Chennai Super Kings: Rs 2.95 crore
- Royal Challengers Bangalore: Rs 1.55 crore
- Rajasthan Royals: Rs 0.95 crore
- Kolkata Knight Riders: Rs 0.45 crore
- Gujarat Titans: Rs 0.15 crore
- Mumbai Indians: Rs 0.10 crore
- Sunrisers Hyderabad: Rs 0.10 crore
- Delhi Capitals: 0.10 crore
