Sri Lanka Cricket announced that 420 players will go under the hammer during the much-awaited Player Auction of the Lanka Premier League (LPL 2024 Auction) which will take place on Tuesday, May 21, in Colombo.
Out of the 420 players, 154 are Sri Lankans, while the remaining players are overseas.
Auction Rounds
The auction, which will start at 12 pm., will have 18 initial rounds, focusing on multiple talent options, such as batters, all-rounders, fast and spin bowlers, and wicketkeepers, with different segments for each criterion, such as capped batters, uncapped batters, etc.
Following the 18 rounds, the auction will move into the acceleration round(s).
Also Read: LPL 2024 to take place from July 1 to July 21
Auction Purse
In total, the auction will have a collective purse of US$2.5 million from all five franchise teams, while each franchise will bring in a sum of US$500,000.
The teams will have to ensure that they invest a minimum of 85 percent of the purse they bring into the auction to form their respective squads.
Auctioneer
Charu Sharma, who was the auctioneer of the inaugural LPL player auction held last year, will be the auctioneer of this edition as well.
The auction will be held at the Hilton Colombo.
The fifth of the Lanka Premier League (LPL 2024) will be held from July 1 to 21, starting in Kandy, then in Dambulla, before heading to Colombo for the business end of the tournament.
