Well, the IPL auction is the bidding of players to choose them in a particular team before the IPL matches.
How does the IPL auction work?
Each team is assigned a specific budget to make their bids on players. Kings XI Punjab has the highest purse of Rs. 23. 35 crore, These teams make bids on the player they wish to choose in their team and the highest bidder wins . The players who are going under the bidding process have to set a base price which will be the beginning price for the auctioneers.
Overseas players like Ben Stokes and Eoin Morgan have some of the highest base prices. Ishant Sharma has the highest base price in Indian players of Rs 2 crore.
How do teams retain players?
As per the three - year contract signed by the franchises in 2014, teams can retain up to a maximum of five players and use the “right to match”, The players who are retained by a particular team are not a part of the bidding process.
The IPL 2018 will be the 11th season of the IPL.
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