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IPL Auction 2023 News Updates

IPL Auction 2023 will be the first mini-auction after the Board of Control for Cricket in Indian (BCCI) added two new teams last year to reaffirm its status to a 10-team event. The IPL auction 2023 is reportedly said to take place on December 16 in Bengaluru. 


Ahead of the auction, the BCCI has aimed to bring back the regular home and away formats after conducting three IPL seasons in bio-secured bubble environments to contain Covid-19. 


The salary purse for the 10 franchises is likely to be INR 95 crore, which is 5 crore more than last year’s mega auction salary cap for players. Franchises can also trade players through the IPL trade window by November 15, the deadline will close at 4:30PM on the particular date. 


Here is what all you need to know about the IPL auction 2023


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What is the IPL auction 2023?


IPL Mega Auction 2022 is an event where the ten teams of the Indian Premier League will bid and purchase for their desired set of players which suits team requirements. The teams will have a big auction purse (probably INR 95 crore), and plenty of big names, including domestic and overseas stars, will go under the hammer during the auction.


The players signed by the teams at IPL Mega Auction 2023 will turn up for their respective franchises in the 16th edition of the Indian Premier League.


What is the IPL Auction 2023 date and time?


There is no official announcement from the BCCI regarding the date and time of IPL auction 2023, however, it is expected to take place on December 16 in Bengaluru. 


How to live stream IPL Auction 2023?


In the new IPL media rights from 2023-2027 cycle, Viacom18 has acquired the digital rights in India. The IPL auction 2023 will be live streaming on either Jio TV or Voot mobile application. 


What are the TV channels that telecast IPL Auction 2023?


In the new IPL media rights from 2023-2027 cycle, Star Sports network bagged the television broadcasting rights. The IPL auction 2023 will be telecasted on Star network’s prominent channels like Star Sports 1, Star Sports 1 HD, Star Sports 1 Hindi and Star Sports 1 HD. 


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IPL Auction Rules


Teams will have the option to retain and release their choice of players ahead of IPL auction 2023. A franchise’s purse is determined by deducting the total amount of released players’ salary from the total amount spent on purchasing all players in the previous season (IPL 2022 auction). The released players along with the additional ones can register themselves for the IPL auction 2023. The list of players will go under the hammer based on their categorisation. A franchise will have to bid for the base price of a player. If multiple franchises are interested in a  player’s services then they will be engaged into a bidding process until one franchise puts the final bid and the rest back off. By the end of the auction each team needs to have a minimum of 18 and maximum of 25 players in their squad. A team cannot include more than eight overseas players in their squad. 


Who is the auctioneer of IPL Auction 2023?


British auctioneer Hugh Edmeades has conducted the last three IPL auctions. However, during the two-day mega auction in 2022, Edmeades had collapsed on the stage on Day 1. Veteran Indian sports presenter Charu Sharma replaced Edmeades and took over the auction duties. 


There is no confirmation whether Edmeades will continue or Charu Sharma will replace him for this season. 


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Where will the IPL Auction 2023 be held?


The BCCI have not yet confirmed the location of IPL auction 2023, but it is expected to take place in  Bengaluru just like last year. However, some reports have also suggested that the Indian cricket board is contemplating Turkey as an overseas option to conduct the auction. 


Why are the IPL Auctions necessary before the IPL?


The IPL Auctions are necessary before an IPL season because it helps teams in forming an evenly balanced squad. As mentioned above, the BCCI decides the auction purse for every franchise before the auction begins. So, none of the team owners have an advantage.


The IPL Auctions also make sure that the process of selection of players is transparent. Each team has an equal chance of signing a player. The fans also get to know the details because the auctions are telecasted worldwide. Also, the players get to know what happens inside the auction room. 


Does the IPL Auction happen every year?


Yes, the IPL Auction occurs every year. However, the IPL mega auction does not happen every year. It takes place once every three or four years. The 2011, 2014 and 2018 auctions were mega auctions, while the others were mini auctions only.


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