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Format of The Auction

The document summarizes the auction format for players in the Indian Premier League (IPL) cricket tournament. It states that each of the 78 players will be individually auctioned to franchises, with the highest bid accepted determining the buyer. Franchises have a $5 million purse to spend on players. Players are arranged into sets of about 12 based on their base salary and expected availability. Within each set, players will be auctioned in random order. The winning bid for each player determines their salary for 2008, 2009 and 2010, regardless of availability. Each franchise squad must have a minimum of 16 players including a maximum of 8 foreign players and 4 under 22 players.

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719 views2 pages

Format of The Auction

The document summarizes the auction format for players in the Indian Premier League (IPL) cricket tournament. It states that each of the 78 players will be individually auctioned to franchises, with the highest bid accepted determining the buyer. Franchises have a $5 million purse to spend on players. Players are arranged into sets of about 12 based on their base salary and expected availability. Within each set, players will be auctioned in random order. The winning bid for each player determines their salary for 2008, 2009 and 2010, regardless of availability. Each franchise squad must have a minimum of 16 players including a maximum of 8 foreign players and 4 under 22 players.

Uploaded by

Sakul Kumar Singh
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Format of the auction: The Auction will be an open auction with each player being individually put up for

bidding by the franchises. The highest bid that is accepted by the auctioneer shall be the buyer at that price. There are around 78 players in the Auction a combination of Indian national team and foreign cricketers. Each player has an annual "base player fee". The base player fee will be the fee at which the bidding for that player starts. This base player fee assumes that the player is available for the entire season of the DLF Indian Premier League season, including if applicable the Champions Tournament. This fee will be adjusted on a pro-rata basis, depending on the players availability for the DLF IPL season in the first year. Each Franchise has a total "purse" of up to $5m that it can spend on the Auction for players for 2008. Franchises will not be able to make a bid for a player that would take them beyond this total purse. Players in the Auction will be arranged into "sets" of approximately 12 according to their base player fee, their cricketing specialism and their expected availability for the 2008 DLF IPL season. Interestingly, if a player who on the day of the Auction, is expected to be unavailable in 2008 subsequently becomes available (e.g. through retirement, nonselection by national team or tour cancellation), provided offcourse that the player is able to obtain a No Objection Certificate for the 2008 season from his home board, such player may, at the DLF IPL's discretion, could become part of the relevant Franchise's squad for that season. In advance of the Auction, Franchises will be issued a list of the players that will be auctioned, the composition of the sets and the order in which the sets will be auctioned. For each player, the following information will be included: name, nationality, specialism, base player fee, and expected "percentage availability" for the 2008 DLF IPL season. The minimum "percentage availability" for any player included in the Auction will be 25%. Thus even if a player is expected to be either completely unavailable or only available for less than four of the DLF IPL matches in 2008, 25% of the player fee bid for that player in the Auction will count against the $5m purse. For example, the purchase for $400,000 of a player, who is expected to be completely unavailable in 2008, will cause a deduction of $100,000 from the Franchise's overall $5m purse. Within the sets, the order that players will be presented for auction will be determined by a random draw that will take place in the Auction room. Each player will be the subject of an open auction with the auctioneer controlling the process. Bidders will raise a paddle to indicate a bid (only one official bidder per Franchise). Each bid will represent the player fee per season to be paid by the

Franchise to the player for each of the seasons 2008, 2009 and 2010, ignoring any periods of unavailability. Once made, no bid may be withdrawn. DLF IPL Squad rules : Each DLF IPL franchise squad must have a minimum of 16 players per squad. This will include a maximum of 8 currently available foreign players per squad (any foreign players in a Franchise's squad who are not available for any reason will not count towards the total). Each franchise can have a maximum of 4 foreign players in the playing XI for each match. The squad will additionally consist of a minimum 4 under 22 players (the catchment players and the Indian national players if so qualified can be counted for the purpose of this rule. Foreign players may not be counted for the purpose of this rule). These players must be under 22 years old on 1 April of the relevant season.

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