IPL AUCTION 2024

AUCTION RULES! 1 The player list will be shared with participants one day prior to the auction day. 2 Each team will have a total wallet share of INR 100 CR to build their team of minimum 16 players and maximum 25 players and max 8 overseas players. BIDDING RULES! 1 The auction will start with the Marquee Batch first followed by Batches 1-5 sequentially. The auction will move onto the next batch when all players of the previous batch are completed. 2 Every player has been assigned a Serial Number based on which they will be selected at random by the auctioneer for the auction. 3 The first 2 teams to bid for the auctioned player will be allowed to continue bidding until 1 team stops and then a new team can enter the bidding process. 4 Bidding will continue until there are no bids for more than 15 seconds (Kindly avoid bidding at the last second). The player will be sold to the team with the highest bid. 5 Every bid can be increased in the following manner - a. by 5 Lakhs upto 100 Lakhs (1 CR) b. by 10 Lakhs upto 200 Lakhs (2 CR) c. by 20 Lakhs upto 500 Lakhs (5 CR) d. by 25 Lakhs upto 1000 Lakhs (10 CR) e. by 50 Lakhs above 1000 Lakhs (10 CR) 6 The team owner has to keep a check on the minimum requirements for the team and players. The team falling under the below circumstances will not be allowed to bid further - a. if they do not have the sufficient funds as per the bid b. if they have completed the maximum criteria of 8 Overseas players and 25 players in the team c. if they spend all funds on a particular player and have not met the minimum criteria of 16 players in their team 7 An accelerated auction will be conducted in the end for unsold players 8 For the accelerated auction, the teams have to provide a list of players from unsold category to the auctioneer and the bid will then continue further as per Bidding Rules 3-6 mentioned above. 9 In case of any disputes, Auctioneer's decision will be final.