Updated: 17 October 2022

IPL 2023 AUCTION RULES. IPL 2023 auction is going to be held on the 16th of December in Bengaluru. This 10-team auction is one of the highly anticipated events, considering the fact that it will be a regular auction, as opposed to the mega auction. This year saw two of the most successful teams in IPL history Mumbai Indians (MI) and Chennai Super Kings (CSK), getting eliminated early. The upcoming IPL 2023 auction will be very important for these teams and a few others to iron out their shortcomings and pick the right players.

The 15th edition of the IPL was won by the new team Gujarat Titans (GT) under the captaincy of Hardik Pandya. They defeated Rajasthan Royals in the finals.

Also Read: T20 World Cup 2022: Full Schedule, Results, And Man Of The Match Awards

Let Us Look At A Few Key Aspects Of The IPL 2023 Auction:

Difference Between IPL 2023 Mini-Auction And Mega Auction

IPL 2023 will be a mini-auction, which happens every year, whereas IPL 2022 was a mega auction, which usually takes place every 3 years. In the IPL 2023 mini-auction, fewer players would be released compared to the IPL 2022 mega-auction, which allowed a franchise to retain a maximum of only 4 players.

Also Read: ICC T20 World Cup 2022: Groups, Teams, Squads, Full Schedule, Venues, And Time Table In IST

IPL 2023 Auction Eligibility Criteria

IPL 2023 auction will take place in Bengaluru on the 16th of December. The player should be at least 19 years old on the date of the IPL 2023 auction.

He should have at least played one match of list A or first-class cricket.

The player seeking IPL auction approval should have been registered with their respective state association.

For the uncapped player who has given up playing domestic cricket, he should seek prior written permission from the BCCI before applying for IPL 2023 auction.

Also Read: Chennai Super Kings: Brief Overview, Performance, Captains, Brand Value, Sponsors, Records, And Predicted Squad For IPL 2023

No Right To Match Card (RTM) option

It is almost certain that since IPL 2023 auction will be a normal annual auction, there won’t be any Right to Match option for the teams. To recall, the RTM facility allows any franchise to re-sign their released players by paying the amount equivalent to the money spent by their rival team who has purchased that specific player.

Purse Value For Each Team

For the upcoming IPL 2023 mini-auction, each team will have a purse value of Rs 95 crores to spend. They need to invest a minimum of 75% of this amount. If any franchise fails to spend 75%, BCCI will take the remaining amount from the respective franchise.

Also Read: IPL 2023 Auction: 4 Players Mumbai Indians (MI) Might Retain Before Auction

Minimum And Maximum Players Squad

In the IPL 2023 mini-auction, each team will be required to have a minimum of 18 players, and they can keep a maximum of 25 players on their side. Out of this, they can have a maximum of 8 foreign players, and the rest can be Indian players. This is done to give the young domestic players a fair chance to shine on the global stage.

IPL 2022 Mega Auction Key Stats:

Let us look at a few key stats of the IPL 2022 mega auction:

A total of 204 players, including 67 foreign players, were sold. (Except retention)

A total of 10 teams participated in the IPL 2022 mega auction.

Also Read: ICC T20 World Cup 2022: T20I Stats, Records Of All 16 Teams Captain

551.7 crores were spent by the 10 teams combined.

Most expensive capped player- Ishan Kishan(MI)- 15.25 crore

Most expensive foreign player- Liam Livingston(PBKS)- 11.5 crore

Most expensive uncapped Indian player- Avesh Khan(LSG)- 10 crore