The mini-auction for the Indian Premier League 2023 will take place on December 23 in Kochi, Kerala.
Earlier, the speculations of the auction to be taking place overseas in Istanbul, Turkey took rounds on social media. Furthermore, Bangalore was expected to be the second choice for the BCCI and IPL governing council.
However, all the speculations can now rest on the latest developments pertaining to the auction. According to the apex board, Kochi is the finalized venue due to logistic reasons and the dates of the auction.
Last year, all 10 franchises rebuilt their squad from the scratch. Gujarat Titans, who featured in their maiden season went on to lift the IPL 2022 title under the captaincy of Hardik Pandya.
This time, the franchises have the time until November 15 to send their list of players retained and released. The trading window is currently active, wherein the franchises can trade players with other teams.
READ MORE: IPL 2023: IPL Retention List To Be Announced On November 15
IPL 2023 mini-auction: Punjab Kings have the largest purse left
All the franchises can use their leftover money from the last auction, plus the players they release and an additional INR 5 Crore for the auction. With this development, the total amount adds up to INR 95 Crore for each team.
Punjab Kings had INR 3.45 crore left after the 2022 auction, which is the most for any team in the tournament. Chennai Super Kings saved INR 2.95 crore, followed by Royal Challengers Bangalore with INR 1.55 crore.
Rajasthan Royals had 0.95 Crore and Kolkata Knight Riders had INR 0.45 crore. The defending champions Gujarat Titans managed to save INR 0.15 Crores.
Mumbai Indians, Sunrisers Hyderabad and Delhi Capitals had the least amount of INR 0.10 crore each from the 2022 auction.
It will be interesting to witness the players released and traded in the coming months, which can certainly affect the team’s combinations and prospects.
READ MORE: IPL 2023: 4 Players Royal Challengers Bangalore Might Release Before Auction