IPL auction 2018 rules, date and time, venue: Here is all you need to know

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New Delhi | Updated: Jan 28, 2018 10:40 AM

IPL auction 2018: The 11th edition IPL auction started with a bang with Shikhar Dhawan who started a bidding war was although won by Kings XI Punjab however, through Right-to-match card Sunrisers Hyderabad retained him.

IPL auction 2018 will take place in Bengaluru. (Source: IPL)

IPL auction 2018: The day 1 of Indian Premier League auction 11th season was concluded some of the most shocking biddings was done for players. The auction started with marquee players and Shikhar Dhawan was the first player to go under the hammer. However, the man of the moment was Ben Stokes who started a massive bidding war and was bought by Rajasthan Royals for Rs 12.5 crore. Other players who started the similar battle was KL Rahul, Manish Pandey, Mitchell Starc and Rashid Khan. However, there were some who went unsold. The run-machine Chris Gayle was not bought by any team. Interestingly, this year the IPL Governing body has increased the budget of the wallet to 80 crore.

WATCH | IPL Auction 2018 LIVE Updates

WATCH |IPL Auction 2018 LIVE Streaming Online

Here is all you need to know about IPL auction 2018:

IPL auction 2018 Date: The event will take place on January 27 and 28. Since there are a lot of players up for the grabs, IPL auction 2018 will go on for two days.

IPL auction 2018 time: The event is likely to start at 9 am on both the days and will go on till evening.

IPL auction 2018 venue: Bengaluru.

Here are IPL auction 2018 rules:

Criteria which have to be adhered by the teams to retain five players:

1. Capped Indian players: maximum of three.

2. Overseas: maximum of two

3. Uncapped Indian players: maximum

Player retention price guidelines:

Players that will be retained will have more effect on franchises salary distribution. With this, the league will now move away from the existing price tags which saw the first retained player receive Rs 12.5 crores with the other retainees earning Rs 9.5, 7.5, 5.5 and 4 crores respectively.

1. If a team chooses to retain three players, a total of Rs 33 crores will be deducted from the base auction wallet (Rs 15, 11 and 7 for the three players respectively).

2. If a team chooses to retain two players, a total of Rs 21 crores will be deducted (Rs 12.5 and 8.5 respectively.

3. If a team retains just one player, Rs 12.5 crore will be deduced from the wallet of the franchise.

IPL auction 2018 reserve price:

Uncapped players will receive more at the IPL auction 2018 with the base price in each segment receiving a Rs 10 lakh boost. The player in the lowest category will be valued at Rs 20 lakhs, rising up to Rs 30 and Rs 40 lakh for the upper categories. For the capped players, the categories at the higher end of the spectrum remain at INR 2 crore, INR 1.5 crores and INR 1 crore while the those at the lower end have been plumped up to INR 50 and INR 75 lakhs (earlier Rs 30 and Rs 50 lakhs).

IPL 2018 squad size:

Teams will be permitted to have a maximum of 25 players (up to 8 overseas) and a minimum of 18 players.

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