IPL 2024 Player Auction Set For Dubai On December 19

The 2024 Indian Premier League (IPL) player auction is set to take place in Dubai on December 19, marking a significant milestone as it’s the first time the auction will be held overseas.

Franchises participating in the IPL have until November 26 to declare their retained players.

Each franchise will receive a substantial purse of INR 100 crore (approximately USD 12.02 million) to assemble their squads for the upcoming season, an increase of INR 5 crore from the previous edition when it stood at INR 95 crore.

It’s worth noting that the purse allocated to each team will be adjusted on the auction day, taking into account the value of players released by the teams and their unutilized purse from the 2023 season.

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Currently, Punjab Kings boast the highest purse with INR 12.20 crore (USD 1.47 million), while the five-time champions, Mumbai Indians, have the smallest purse at INR 0.05 crore (USD 0.006 million).

Other franchises’ purse values include Sunrisers Hyderabad with INR 6.55 crore (USD 0.79 million), Gujarat Titans and Delhi Capitals both holding INR 4.45 crore (USD 0.54 million), and Lucknow Super Giants with INR 3.55 crore (USD 0.43 million).

Rajasthan Royals possess a purse of USD 3.35 crore (USD 0.40 million), Royal Challengers Bangalore with INR 1.75 crore (USD 0.21 million), Kolkata Knight Riders at INR 1.65 crore (USD 0.2 million), and defending champions Chennai Super Kings having INR 1.5 crore (USD 0.18 million).

The stage is set for an exciting IPL auction in Dubai as teams vie to build competitive line-ups for the upcoming season.

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