The players’ auction for the next Indian Premier League (IPL) will be held on December 19 in Kolkata, the event’s Governing Council decided in a meeting here on Tuesday.
“The IPL auction will be in Kolkata on December 19. It’s a departure from the traditional venue of Bengaluru,” an IPL Governing Council member said on conditions of anonymity after the meeting here.
While the franchises were allotted Rs 82 crore each for IPL 2019, Rs 85 crore per team has been earmarked for the 2020 season.
Every franchise will also have an additional purse of Rs three crore in addition to the balance in their kitties from the last auction.
Delhi Capitals has the biggest balance -- Rs 8.2 crore, followed by Rajasthan Royals at Rs 7.15 crore. This year’s auction is the last one before the franchises disband and prepare to assemble fresh squads from 2021 at a mega auction.
Funds left with franchises ahead of IPL 2020 auction:
Chennai Super Kings – Rs 3.2 crore, Delhi Capitals – Rs 7.7 crore, Kings XI Punjab – Rs 3.7 crore, Kolkata Knight Riders – Rs 6.05 crore, Mumbai Indians – Rs 3.55 crore, Rajasthan Royals – Rs 7.15 crore, Royal Challengers Bangalore – Rs 1.80 crore, Sunrisers Hyderabad – Rs 5.30 crore