IPL 2024 Auction set to take place in Dubai for the first time in IPL history

The IPL player auction ahead of the 2024 season will be held on December 19 in Gqeberha in Dubai. It is the first time the auction will be held overseas. The 2024 IPL player auction will coincide with the second One Day International (ODI) of India's tour of South Africa scheduled for December.

The ten IPL teams have until November 15 to submit the lists of players they are retaining and releasing. This crucial step will pave the way for the finalization of the auction pool by early December. The suspense is palpable as teams strategize and reshape their line-ups for the upcoming season.

A Bigger Purse

This year’s IPL auction will be more exciting than before as each team will have a purse of INR 100 crore (USD 12.02 million approximately) to build their squad for the 2024 season. This marks a significant INR 5 crore increase from the previous season's purse of INR 95 crore. The larger purse means that each franchise can now bid for the best players from around the world and we could see utility players being sold for record prices.

The current purse standings add another layer of intrigue. As of now, Punjab Kings hold the crown for the largest purse, boasting INR 12.20 crore (USD 1.47 million). On the other end of the spectrum, the Mumbai Indians have the smallest purse at INR 0.05 crore (USD 0.006 million).

 Punjab Kings: INR 12.20 crore (USD 1.47 million)

Mumbai Indians: INR 0.05 crore (USD 0.006 million)

Sunrisers Hyderabad: INR 6.55 crore (USD 0.79 million)

Gujarat Titans: INR 4.45 crore (USD 0.54 million)

Delhi Capitals: INR 4.45 crore (USD 0.54 million)

Lucknow Super Giants: INR 3.55 crore (USD 0.43 million)

Rajasthan Royals: INR 3.35 crore (USD 0.40 million)

Royal Challengers Bangalore: INR 1.75 crore (USD 0.21 million)

Kolkata Knight Riders: INR 1.65 crore (USD 0.2 million)

Chennai Super Kings: INR 1.5 crore (USD 0.18 million)

Mini Auction, Mega Impact

Despite being a day-long event, compared to the two-day mega auction held once every four years, mini-auctions have their own charm and create a big impact on a franchise’s performance in the upcoming season.

The 2024 IPL player auction promises to be a star-studded affair. Several prominent overseas players are likely to enter the bidding war, including Australian fast bowler Mitchell Starc, who recently confirmed his return to the IPL after an eight-year hiatus. The anticipation doesn't end there, as Pat Cummins is also expected to put his name up for bidding, having skipped the IPL last year.

Franchises are eagerly waiting to see some of the other key players in action at the auction, such as Travis Head, Chris Woakes, Alex Hales, Sam Billings, and Gerald Coetzee. These players are not just cricketers; they are marquee attractions, and their presence at the auction elevates the excitement.