The top ten players from the first IPL auction featured two England players, four from India, one from the West Indies and three from Australia.
Here's the list of the top 10 money earners in this year's tournament.
England Test captain Joe Root went unsold at the IPL Player Auction but Ben Stokes’ pending court case did little to affect his market value as the Rajasthan Royals forked out almost £1.4million (Dh7.2m) for the all-rounder.
Stokes last year made history as the most expensive overseas player in the competition’s history when he signed a £1.7million (Dh8.86m) deal with Rising Pune Supergiant before going on to claim the competition’s most valuable player award.
Again listed as one of the 16 marquee players this time around despite being due to appear at Bristol Magistrates’ Court on February 13 having been charged with affray, the IPL had guaranteed he can be replaced but only if he is ruled out for the whole tournament.
Rajasthan chief executive Ranjit Barthakur said on the Royals’ official Facebook page: “Ben Stokes is just our kind of guy.
“(He is) a fantastic performer, a cricketer of today and a cricketer of the future.”
However, Root – whose decision to sit out England’s Twenty20 Tri-Series against Australia and New Zealand and enter the auction had caused some consternation – was one of three big names to go unsold during the early rounds of bidding, alongside West Indies opener Chris Gayle and South Africa’s Hashim Amla.
Other unsold players were Australia’s James Faulkner, India’s Murali Vijay and perhaps most surprisingly New Zealand’s Martin Guptill who was in superb form in the recent five-match ODI series against Pakistan scoring 310 runs at an average of 77.50.
The top ten players from the auction featured just two England players (Stokes and Chris Woakes), four from India (KL Rahul, Manish Pandey, Kedar Jadhav and Ravi Ashwin), one from the West Indies (Dwayne Bravo) and three from Australia (Chris Lynn, Mitchell Starc and Glenn Maxwell).
Maxwell, who had the sixth highest bid of Rs 9 crore (Dh5.19m), has been on the outer recently with Australian selectors but clearly is still in demand in India,
There were 24 English players listed in the auction, and all-rounder Woakes who saw his value increase from last year’s competition as the Royal Challengers Bangalore forked out over £800,000 (Dh4.17m) for his services, no doubt helped by his timely 78 off 82 balls for England in the fourth ODI against Australia in Adelaide yesterday.
England opener Jason Roy joined the Delhi Daredevils for his £166,630 (Dh868,000) base price, while Moeen Ali will join Woakes in Bangalore after selling for almost £190,000 (Dh990,000).
Moeen, who struggled for form during England’s Ashes defeat, had said prior to the auction: “I’ve put my name in but at the moment I’m thinking I’m not going to get in.”
Top ten players in IPL Auction
1. Ben Stokes (ENG) – Sold to Rajasthan Royals at Rs 12.50 crore (Dh7.21m)
2. KL Rahul (IND) – Sold to Kings XI Punjab at Rs 11 crore (Dh6.35m)
3. Manish Pandey (IND) – Sold to Sunrisers Hyderabad at Rs 11 crore (Dh6.35m)
4. Chris Lynn (AUS) – Sold to Kolkata Knight Riders at Rs 9.6 crore (Dh5.54m)
5. Mitchell Starc (AUS) – Sold to Kolkata Knight Riders at Rs. 9.4 crore (Dh5.42m)
6. Glenn Maxwell (AUS)– Sold to Delhi Daredevils at Rs 9 crore (Dh5.19m)
7. Kedar Jadhav (IND) – Sold to Chennai Super Kings at Rs 7.8 crore (Dh4.5m)
8. Ravichandran Ashwin (IND) – Sold to Kings XI Punjab at Rs 7.6 crore (Dh4.39m)
9. Chris Woakes (ENG) – Sold to Royal Challengers Bangalore at Rs 7.4 crore (Dh4.2m)
10. Dwayne Bravo (WI) – Retained via RTM at Rs 6.4 crore (Dh3.69m)
Here is the full list of players sold in the first round of the IPL 2018 Auction and where they’re headed
Allrounder Set 1:
Chris Woakes – Sold to Royal Challengers Bangalore at Rs 7.4 crore (Dh4.2m)
Carlos Brathwaite – Sold to Sunrisers Hyderabad at Rs 2 crore (Dh1.15m)
Shane Watson – Sold to Chennai Super Kings at Rs 4 crore (Dh2.3m)
Kedar Jadhav – Sold to Chennai Super Kings at Rs 7.8 crore (Dh4.5m)
Colin de Grandhomme – Sold to Royal Challengers Bangalore at Rs 2.2 crore (Dh1.27m)
James Faulkner – UNSOLD
Yusuf Pathan – Sold to Sunrisers Hyderabad at Rs 1.9 crore (Dh1.09m)
Colin Munro – Sold to Delhi Daredevils at Rs 1.9 crore (Dh1.09m)
Stuart Binny – Sold to Rajasthan Royals at Rs 50 lakh (Dh288,000)
Marcus Stoinis – Retained via RTM by Kings XI Punjab at Rs 6.2 crore (Dh3.58m)
Moeen Ali – Sold to Royal Challengers Bangalore at Rs 1.7 crore (Dh981,000)
Batsman Set 1:
Karun Nair – Sold to Kings XI Punjab at Rs 5.6 crore (Dh3.23m)
KL Rahul – Sold to Kings XI Punjab at Rs 11 crore (Dh6.35m)
Murali Vijay – UNSOLD
David Miller – Retained via RTM by Kings XI Punjab at Rs 3 crore (Dh1.73)
Aaron Finch – Sold to Kings XI Punjab at Rs 6.2 crore (Dh3.58m)
Brendon McCullum – Sold to Royal Challengers Bangalore at Rs 3.6 crore (Dh2.07m)
Jason Roy – Sold to Delhi Daredevils at Rs 1.5 crore (Dh866,000)
Chris Lynn – Sold to Kolkata Knight Riders at Rs 9.6 crore (Dh5.54m)
Hashim Amla – UNSOLD
Manish Pandey – Sold to Sunrisers Hyderabad at Rs 11 crore (Dh6.35m)
Martin Guptill – UNSOLD
Marquee Players set 2:
Harbhajan Singh – Sold to Chennai Super Kings at Rs 2 crore (Dh1.15m)
Shakib Al Hasan – Sold to Sunrisers Hyderabad at Rs 2 crore (Dh1.15m)
Glenn Maxwell – Sold to Delhi Daredevils at Rs 9 crore (Dh5.19m)
Gautam Gambhir – Sold to Delhi Daredevils at Rs 2.8 crore (Dh1.61m)
Dwayne Bravo – Retained via RTM at Rs Rs 6.4 crore (Dh3.69m)
Kane Williamson – Sold to Sunrisers Hyderabad at Rs 3 crore (Dh1.73m)
Joe Root – UNSOLD
Yuvraj Singh – Sold to Kings XI Punjab at Rs 2 crore (Dh1.15m)
Marquee Players Set 1:
Shikhar Dhawan – Retained via RTM by Sunrisers Hyderabad at Rs 5.2 crore (Dh3.0m)
Ravichandran Ashwin – Sold to Kings XI Punjab at Rs 7.6 crore (Dh4.39m)
Kieron Pollard – Retained via RTM by Mumbai Indians at Rs 5.4 crore (Dh3.11m)
Chris Gayle – UNSOLD
Ben Stokes – Sold to Rajasthan Royals at Rs 12.50 crore (Dh7.21m)
Faf du Plessis – Sold to Chennai Super Kings at Rs 1.6 crore (Dh924,000)
Ajinkya Rahane – Retained via RTM by Rajasthan Royals at Rs 4 crore (Dh2.3m)
Mitchell Starc – Sold to Kolkata Knight Riders at Rs. 9.4 crore (Dh5.42m)
All eyes will be on Bengaluru, India when the auction for the 2018 edition of the IPL gets underway.
A total of 578 domestic and international stars will go under the hammer as the eight franchises loosen their purse strings to find the perfect combinations ahead of the 11th edition of the IPL.
Over the course of a decade, these auctions have become a big event, generating plenty of excitement and interest while throwing up quite a few surprises and curveballs.
This year’s auction promises to be no different with a host of star names all vying for a piece of the huge pie.
WHEN: January 27 and 28
TIME: From 07:30 GST till evening on both days
WHERE: Ritz-Carlton, Bengaluru, India
RETENTION AND RIGHT TO MATCH (RTM)
The 2018 edition of the IPL sees each franchise allowed to build a squad of maximum 25 players and a minimum of 18 players. Each of the eight franchises will be allowed a maximum of eight overseas players in their final squad.
Before the auction, each team was allowed to retain a maximum of five players. The retention policy also allowed for a maximum of two overseas players and three domestic capped players.
No team has retained more than three players ahead of the auction. Apart from the retention, each team will also get some Right to Match (RTM) cards for the players who played for them in the previous season. The RTM cards work in conjunction with the retention. This means that if a team has retained three players, they will have two RTMs left with them for auction day.
The parameters for player retention also apply for the RTMs. This means that if a team retains two overseas players, they cannot use the RTM card for another foreign player during the auction.
Criteria which have to be adhered to by the teams to retain five players (also applies to RTM):
TEAM PURSES AND RETAINED PLAYERS
Each team was given a fixed budget of 80 crore rupees or about £9 million before the start of the retention. After being deducted a certain fee for the players retained, these are the budgets available to the franchises for the final auctions.
Chennai Super Kings: 47 crore rupees (£5.2 million)
Retained: MS Dhoni, Suresh Raina, Ravindra Jadeja.
Delhi Daredevils: 47 crore rupees (£5.2 million)
Retained: Shreyas Iyer, Rishabh Pant, Chris Morris.
Kolkata Knight Riders: 59 crore rupees (£6.5 million)
Retained: Andre Russell, Sunil Narine.
Kings XI Punjab: 67.5 crore rupees (£7.4 million)
Retained: Axar Patel.
Mumbai Indians: 47 crore rupees (£5.2 million)
Retained: Rohit Sharma, Hardik Pandya, Jasprit Bumrah.
Rajasthan Royals: 67.5 crore rupees (£7.4 million)
Retained: Steve Smith.
Royal Challengers Bangalore: 49 crore rupees (£5.4 million)
Retained: Virat Kohli, Sarfaraz Khan, AB de Villiers.
Sunrisers Hyderabad: 59 crore rupees (£6.5 million)
Retained: David Warner, Bhuvneshwar Kumar.
HOW THE AUCTION WORKS
The various franchises will have their respective teams comprising of owners, coaches and analysts. Each team will be assigned a table from where they will bid for the respective players with a paddle to indicate whether they are interested.
The 578 players have been divided into various groups based on their roles and split into different pots. They have all been assigned a base price ranging from £21,000 for uncapped Indian players to £221,000 for the biggest stars.
Tier 1 – £221,000
Tier 2 – £166,000
Tier 3 – £110,000
Tier 4 – £82,000
Tier 5 – £55,000
Tier 6 – £43,500
Tier 7 – £21,000
At the start, auctioneer Richard Madley will announce the name of the player available for bidding along with his base price. The bidding will start with the base price and representatives of the teams will raise the paddle to indicate their interest.
The bidding will continue until all but one team backs out and the team with the highest bid will get the player.
If the sold player is eligible for RTM, the auctioneer will enquire with the team for which he played in the previous season. If that team is willing to use their RTM card for the player, Richard Madley will sell the player to them for the same price which the player fetched in the auction.
If no team raises a paddle, the player will go unsold. After all 578 players have gone under the hammer, the teams will be asked to list any unsold players they might be interested in. A list of all these players will be combined and a fresh auction will start for them with their base prices slashed in half this time.
This process will be repeated until the teams have their desired kitty of players.