The franchises were required to submit their retention lists before 31 October 2024, and a total of 46 players were retained ahead of the auction. The auction was held on 24 and 25 November 2024 in Jeddah, Saudi Arabia with the auction purse for each franchise set at ₹120 crore (US$14million), highest in the history of IPL. A total of 1,574 players registered for the auction, of which 574 players were shortlisted to feature in the auction and 182 were sold in the auction.
The ten franchises were allowed to retain a maximum of six players from their squad, the highest number allowed before any of the mega auctions. The six players could consist of a maximum of five capped players (including Indian and overseas players) and two uncapped players.[11] The auction purse for each franchise was set at ₹120 crore (US$14million), the highest in the history of the IPL.[12] Franchises were deducted a specific amount from the auction purse for every retained player. Franchises who did not retain the maximum number of players, were allowed Right-to-Match (RTM) cards at the auction.[13]
Retained players
The franchises were required to submit their retention lists before 31 October 2024.[14][15]
Any player willing to play in the IPL were required to register for the auction. Players who do not register for the mega auction would become ineligible to participate in the mini-auctions held in the subsequent years.[26] Any auctioned player withdrawing before the season without legitimate reason or injury, would be banned from the IPL for a period of two years.[27] Any Indian capped player who wasn't named in the starting XI in international cricket (Test, ODI, T20I) in the preceding five calendar years or did not have a central contract with the BCCI was considered as an uncapped player for the auction.[28][29][30] The salary cap of a player would consist of auction purse, incremental performance pay and match fees. Each playing member (including the impact player) would get a match fee of ₹7.5 lakh (US$8,900) in addition to the auctioned price.[31]
The auction was held on 24 and 25 November 2024 in Jeddah, Saudi Arabia.[32]Mallika Sagar was appointed as the auctioneer for the second consecutive time, after she hosted the 2024 auction.[33][34] A total of 1,574 players registered for the auction,[35] of which 574 players were shortlisted to feature in the auction.[36]
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