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IPL auctions to be held on February 12, 2014

Indian Premier League auctions will be held on February 12th  and 13th  if necessary. The venue of the auction will be announced soon.

 

All capped and uncapped players who were not part of IPL 2013 must enter the auction.The teams participating should spend 36 crore rupees in the next three editions and are allowed to have 27 players in their respective squads.Nine foreign players are permitted as per the rules.

 

A new rule called ‘Right to Match has been included in this year’s auction. The rules are:

  • Once the bidding for any player who was in a franchise’s 2013 squad is complete and the auctioneer is satisfied that no more bids will be forthcoming, the auctioneer will bring down the hammer, declare the player “sold” and then ask the relevant franchise if it wishes to exercise one of its remaining “rights to match”.
  • If the franchise chooses to exercise the “right to match”, the franchise will take the player for the amount of the final bid that had been made in the Player Auction. No further bidding by any other franchises is possible.
  • Franchises may take no more than 4 capped Indian players via a combination of retention prior to the auction and the “right to match”.

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