The focus of the cricketing world has now shifted from the conclusion of the World Cup in November to the upcoming Indian Premier League (IPL). The tournament is scheduled for March-April 2024, but the hot topic currently is the player auction set to take place on December 19. Franchises have released lists of retained and released players, and the players set to go under the hammer in Dubai have been announced by the league.
The Sporting News has compiled an explainer on the auction dynamics and the concept of base price.
Base price is the minimum value that a team must bid to secure a player’s services and is set by the player themselves. Many established Indian and overseas international players set their base price at the maximum amount of Rs 2 crores, while the minimum base price for Indian domestic players is Rs 10 lakhs.
Reports have revealed that several of Australia’s 2023 World Cup winners, including Pat Cummins, Josh Hazlewood, and Travis Head, have set their base price at Rs 2 crore. Additionally, World Cup breakout star Rachin Ravindra has entered the auction with a base price of Rs 50 lakhs.
The complete list of registered players and their base price has been released, with notable names like Steve Smith, Mitchell Starc, and Chris Woakes all setting their base price at Rs 2 crore.
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