The IPL 2024 player auction – is organized to commence on December 19, 2023, at the Coca-Cola Arena in Dubai. It is conducted outside the country for the first time due to its rising status worldwide. The allocated budget for the auction has been raised to INR 5 crore, with the batting for any team being INR 100 crore.
Only the retained and released player lists from franchises must be submitted by November 26, 2023; the final player list will be released in early December. Counted upon to join the squad this year are Mitchell Starc, Pat Cummins, Travis Head, and other potential untapped gems established from domestic cricket. It will begin at 1 PM IST to build up the possible signing of prominent celebrities and vigorous bidding.
The number of players is estimated at 333, so this year’s auction wants to recruit 70 players who fit the ten teams needed. A sponsor for the event often comprises the technology brand, sportswear brand, and banking or finance sectors; nevertheless, the sponsors for 2024 have not yet been fully revealed.
Players in Demand
This roundup of some big names in international players and all-rounders is predicted to go for big money. In the past years, significant buying has been all-rounders; a perfect example includes Ben Stokes, Cameron Green, and Hardik Pandya. The target generally involves big names – frequently experienced internationals and relatively unknown unheralded players with the ability for IPL kind.
Auction Process
The auction that IPL adopts is also structured; it is conducted for several days. This means that there is precedence to having marquee players and then having other specialized categories such as batsmen, bowlers, and all-rounders. The “accelerated bidding” system means franchises can bid for players likely to be signed very soon. Relations also have instruments similar to the “Right-to-Match” (RTM) card that helps teams keep the players they used to have by matching the highest bid of another team.
The IPL 2024 auction has affiliation opportunities that entail several sponsors, all of whom are famous firms. The Aditya Birla Group has posed the biggest threat to becoming the title sponsor, probably garnering massive promotion for their brand if they can land the rights for the 2024-28 period. Tata Sons, the previous IPL title sponsors for the last two seasons, would succeed.
Regarding player demand, famous players such as Mitchell Starc, Wanindu Hasaranga, Harry Brook, and Shardul Thakur seem likely to earn giant bids because they are in their prime playing conditions. At home, others such as Urvil Patel and Ravi Teja might get big money up for grabs as teams aim to acquire a balanced squad.
This auction will be with a mixture of capped and uncapped players, and Mallika Sagar will also conduct the auction. She is the first woman auctioneer of the IPL. Cricket buffs can watch the action unfold in the match on Star Sports or Jio Cinema. Live bidding commentary and over-the-top bid-by-bid descriptions will be available on Cricket.com.