IPL Auction 2024 Live Updates: Franchises have 262.95 crore in purse to bid for 833 cricket players

IPL Auction 2024 Live Updates: The much-anticipated IPL Auction 2024 promises to be a spectacle, with 333 players registered for the event. Initially, a staggering 1,166 names were submitted. However, the 10 franchises narrowed it down, reducing the count by 833. This year, the auction includes 214 Indian and 119 international players. The list comprises 116 capped and 215 uncapped individuals, along with two players from associate nations.

The total spendable amount for the ten franchises stands at ₹262.95 crore. Each team will use its share to build what they believe to be the ideal squad. The Gujarat Titans lead in financial capacity with a budget of ₹38.15 crore, which they will allocate to fill eight slots. Following closely are the Sunrisers Hyderabad with ₹34 crore for six slots. The Kolkata Knight Riders come next with ₹32.7 crore for 12 slots.

This year’s auction might not be as expansive as the 2022 mega auction. However, the array of talent available ensures that it will be an eventful and star-studded affair. The franchises will aim to fine-tune their squads for another action-packed season of the Indian Premier League.

A total of 77 slots are available across all teams, setting the stage for intense competition and strategic bidding. The event has evolved over the years into a significant and eagerly awaited tradition, drawing viewership for its live telecast. The IPL auction has become synonymous with high stakes and excitement, attracting cricket fans and followers globally.

The 2024 edition of the IPL auction, while termed ‘mini’, holds great significance. It offers teams an opportunity to enhance their lineups with a blend of experienced and fresh talent. With the considerable financial resources at their disposal, each franchise will strategically bid to assemble a winning combination.