Kochi to Host IPL Mini-Auction on December 23

Not Turkey, not any other city; it will be Kochi to Host IPL Mini-Auction on December 23. The IPL 2023 players auction will take place on December 23 in Kochi Kerala’s Port City. It will be a Mini-auction where franchises will use their remaining pot; Unlike the mega auction before the 2022 edition, ten franchises had to rebuild their squads from scratch.

The teams will also have an additional INR 5 crore (approx. US $607,000) to spend at this auction, bringing the total purse to INR 95 crore (approx. US $11.5 million). The Mini Auction will be one day compared to the Mega Auction 2022, which took 2 days to wrap.

Last year’s auction left Punjab Kings with the largest surplus – INR 3.45 crore (approx. $425,000), while Lucknow SuperGiants used up their entire pot. Now Kochi to Host IPL Mini-Auction on December 23, and teams will utilize their purse on the released players.

  • Chennai Super Kings had INR 2.95 crore (approx. US $358,000)
  • Royal Challengers Bangalore (INR 1.55 crore, or approx. US $188,000)
  • Rajasthan Royals (INR 0.95 crore or approx. US $115,000)
  • Kolkata Knight Riders (INR 0.45 crore, or approx. US $55,000).

Regarding remaining funds, Gujarat Titans have INR 0.15 crore (about US $18,000), Mumbai Indians, Sunrisers Hyderabad, and Delhi Capitals have INR 0.10 crore (about US $12,000).

After the franchises submit the list of players released by November 15, the IPL is expected to finalize the player pool for the auction by early December.

Spread the love

Leave a Comment