The preparations for the 18th season of the Indian Premier League (IPL) are in full swing, with the last date for submitting the player retention list set for October 31. Fans are eager to see which players will be retained by the ten franchises and which ones will be released. After the retention process, the registration for the IPL Mega Auction will begin.
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Changes in Mega Auction Rules
This year, there are some important changes in the IPL Mega Auction that will benefit players. The base price for players has increased from βΉ20 lakhs to βΉ30 lakhs. This means that franchises must bid at least βΉ30 lakhs for players during the auction. Additionally, the maximum base price has been set at βΉ2 crores, giving players a better chance to earn more.
Each franchise has a total budget of βΉ120 crores for players. Out of this, βΉ75 crores can be used for retaining five players. The payment structure is as follows: βΉ18 crores for the first retained player, βΉ14 crores for the second, and βΉ11 crores for the third player. The fourth and fifth players will have adjustable prices, meaning the payment for the top player may reduce the budget for others.