IPL 2017 auction to be held in Bangalore

The auction of the tenth edition of the Indian Premier League (IPL) is scheduled to kick start on April 5. Ahead of the season the players released by franchises and those freshly in contention have been placed in the list of players who will go under the hammer. After speculations, the IPL governing council issued press release on IPLT20.com stating, “The IPL 2017 Player Auction will be held on Monday, 20 February 2017, at the Ritz-Carlton, Bengaluru.”

As many as 750 players have been registered for the auction thus far and the teams will have an option to pick maximum 27 players with a cap of 9 on the overseas recruits. The total monetary capacity the auction will start with is INR 143.33 crores.

“The IPL franchises will go into the player auction with a maximum of INR 143.33 Crs purse for 2017 season. The teams can have a maximum of 27 players including 9 overseas players. A maximum of 76 players, including 28 overseas, can be bought at the auction.”

The date for the IPL 2017 auction is 20 February which was the same date on which it was held for the very first time almost a decade ago in 2008. “So far, more than 750 players have registered for the Player Auction 2017. The deadline for player registration ends today, February 3, 2017. Interestingly, the first IPL Player auction in the year 2008 was also held on February 20, 2008.”

After the conclusion of the player auction, a workshop has been organised for the franchises on February 21 in Bengaluru.

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Here is detail of the balance purse and squad formation: 

Team	Purse Spent	Balance Purse	Purse Spent (Rs. In Crs)	Balance Purse (Rs. In Crs)	Total Players in the squad	Overseas Players
DD	429,000,000	231,000,000	42.9	23.1	17	5
KXIP	426,500,000	233,500,000	42.65	23.35	19	5
KKR	462,500,000	197,500,000	46.25	19.75	14	4
MI	544,450,000	115,550,000	54.445	11.555	20	6
RCB	531,750,000	128,250,000	53.175	12.825	20	8
SRH	451,000,000	209,000,000	45.1	20.9	17	5
RPS	485,000,000	175,000,000	48.5	17.5	17	5
GL	516,500,000	143,500,000	51.65	14.35	16	6
Total	3,846,700,000	1,433,300,000	384.67	143.33	140	44