IPL 2018 auction scheduled for January 27, 28

The Auction for IPL 2018 edition is scheduled to be held in Bengaluru on January 27 and 28, the Press Trust of India reported on Tuesday (December 19).


"Since most of the capped players will be back in auction, it will be a mega auction that will be held in Bengaluru on January 27 and 28. Since Bengaluru has been hosting all previous auctions, that was the choice of franchises," a senior BCCI official said on Tuesday.

IPL Auction 2018 will be a major affair, given that each franchise can retain a maximum of five players from their existing rosters through a combination of pre-auction retention and Right To Match (RTM) cards.

According to sources, Team owners have to submit their players retention list before 4th of January. On 18th of january BCCI itself will make full list of players to be auctioned public.

This year's auction will see teams having an increased budget of Rs 80 crore from previous Rs 66 crore. In all five players can be retained by a franchise, which includes two Right to Match cards.

Each team will have to spend at least 75 per cent of the salary cap (INR 60 crore) by the end of the two-day procedure. Retained players will have a more dynamic effect on the team's salary purse depending on the number of players retained by the franchise.

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