IPL franchises will reportedly get a salary cap of Rs. 100 crores during LPI 2024 mini-auction. This is a Rs. Rs 5 crore increase from last season. In last season’s mega auction, IPL teams had a salary cap of Rs. 95 crores.
The IPL 2024 mini-auction is expected to take place in December this year. BCCI will decide the dates for the IPL 2024 auction after ICC World Cup 2023 in October-November. There are 4 potential venues that can host the event.
IPL 2024: “There were no misunderstandings” – Ambati Rayudu on MS Dhoni and Ravindra Jadeja breakup rumors
IPL 2024 auction will take place in the third or fourth week of December: reports
During a conversation with InsideSport, I was informed by a BCCI official that the IPL 2024 mini-auction will take place in the third or fourth week of December. He also added that it won’t happen on Christmas night.
“The focus is now on the World Cup and once all the details are taken care of, we will move towards the IPL. We will decide the date after the World Cup. Most likely it will be in the third or fourth week of December.
But it will only be discussed at the IPL GC meeting later. It sure won’t be on Christmas Eve. We will try to find a comfortable date for everyone,” the BCCI official told InsideSport.
IPL 2024: “Like older brother and younger brother” – Ambati Rayudu on link between MS Dhoni and Deepak Chahar
The official also revealed that this time, the salary cap will be increased by Rs 5 crore. He also informed us that Mumbai, Jaipur, Ahmedabad, Kochi and Kolkata are the potential locations for the IPL 2024 mini auction. Last season, the auction took place in Kochi, Kerala.
Since the Indian Premier League 2024 mini-auction is expected to take place in December 2023, the IPL franchise may be asked to submit the retainer list around November. In the last auction, franchises were allowed to keep a maximum of 15 players on their roster.
Also read: Not Ben Stokes! Ambati Rayudu reveals who will be the next CSK captain after MS Dhoni
In the last auction, a total of 80 players were sold to different franchises. The 10 franchises spent a total of Rs. 167 crores to grab your favorite players. Sam Curran emerged as the most expensive player in the IPL auctions, fetching Rs. 18.50 crores for Punjab Kings.
cameron green and Ben Stokes they were the next most expensive players. While Green was elected for Rs. 17.25 crore by Mumbai Indians, Ben Stokes was picked by CSK for Rs. 16.25 crores.