The Indian Premier League 2023 Auction will start on December 23rd, 2022. The Auction will take place in Kochi, Kerala, all in one day. Since this is not a large-scale auction, BCCI chose to complete it in a single day. This auction will now feature the players that weren’t signed by any teams or kept by their previous franchises. Because it is a mini-auction, the teams have a much smaller budget than in seasons past. India will host the 2023 IPL (as per reports).
According to the reports, 991 players have signed up for the mini-auction IPL 2023. Everyone wants to take part in the IPL and give it their best because it is a platform that puts the younger generation of cricket players in the spotlight, as well as provides chance to the senior players to get a comeback call.
The auction will include all 10 franchises. In the IPL 2023 auction, each franchise has a total salary cap of Rs. 95 crores. Every team has used some of their salary caps, though, by keeping some players on their roster.
The IPL 2023 auction is scheduled for December 23, 2022. (Friday). The event will take place in Kerala’s Kochi city. At 11 AM IST, the auction will start.
There are 10 teams who will participate in IPL 2023 auction –
- Chennai Super Kings
- Mumbai Indians
- Kolkata Knight Riders
- Royal Challengers Bangalore
- Gujarat Titans
- Lucknow Super Giants
- Punjab Kings
- Sunrisers Hyderabaad
- Rajasthan Royals
- Delhi Capitals
The Right to Match (RTM) option will not be available in the IPL auction of 2023. Each team may select a squad of no more than 25 players. The team can only select a maximum of 8 foreign players from among these. 75% of each franchise’s total salary cap must be used. Beyond the salary cap, there can be no purchases made. In the IPL auction 2023, each team is subject to a total salary cap of Rs. 95 crores. 5 crores more than the previous auction, to be exact.
