In addition to the money still in the franchises’ budgets, each team will now receive an additional INR 5 crore (about US $607,000) to spend, as Sports News reported on Wednesday. The entire spending per franchise is expected to rise from Rs 90 crore to Rs 95 crore. By November 15, the date set by the Board of Control for Cricket in India, all 10 Indian Premier League clubs must decide which players to maintain and who to release (BCCI).
Punjab Kings had INR 3.45 crore left over after the auction last year, whereas Lucknow Super Giants had used it all. The Rajasthan Royals have INR 0.95 crore left, followed by Kolkata Knight Riders with INR 0.45 crore, Chennai Super Kings with INR 2.95 crore, and Royal Challengers Bangalore with INR 1.55 crore. Gujarat Titans, the previous year’s champions, received INR 0.15 crore, while Mumbai Indians, Sunrisers Hyderabad, and Delhi Capitals each received INR 0.10 crore.
The IPL held a significant auction earlier in February, in which 204 players were bought (out of a maximum possible 217 slots that were open). There were 107 players with caps and 97 without caps. Rs 551.7 crores in total were invested. The following is a distribution of the sold players: 67 international players and 137 Indians.