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The IPL 2024 auction was conducted on 19 December 2023 in Dubai. A total of 333 players were available for auction including 214 Indian and 119 foreign players. [8] 77 places were available to be filled across the ten teams including 30 overseas slots.
Based on a 2024 report by Forbes India, the average IPL salary among the top 10 highest-paid players is ₹12.37 crore, [58] the second-highest of sports leagues in the world.
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$8,800) in addition to the auctioned price. [35] The auction was scheduled on 24 and 25 November 2024 in Jeddah, Saudi Arabia. [36]
Salary Cap of Retained Players (For Existing Franchises) And Picks (For New Franchises) [6] [7] No. of players retained Salary Cap for retentions Total amount to be spent Player 1 Player 2 Player 3 Player 4 4 ₹ 16 crore (US$1.9 million) ₹ 12 crore (US$1.4 million) ₹ 8 crore (US$960,000) ₹ 6 crore (US$720,000) ₹ 42 crore (US$5.0 million) 3
This is a list of professional sports leagues by revenue.Individual sports are not included. The "Season" column refers to the sports league season for which financial data is available and referenced, which is usually not the most recently completed season of competition.
The salary deduction for every retained player from the franchise's salary purse was stipulated to be ₹ 15 crore, ₹ 11 crore and ₹ 7 crore if three players were retained; ₹ 12.5 crore and ₹ 8.5 crore if two players were retained; and ₹ 12.5 crore if only one player was retained.
The IPL 2023 auction was conducted on 23 December 2022 in Kochi. [11] A total of 405 players were available for auction including 273 Indian and 132 foreign players. [11] 87 places were available to be filled across the ten teams. [12]
Dimitri Mascarenhas became the first English player to sign up for IPL. Mohammed Yousuf again remained unsold in 2nd auction due to continuing dispute with Indian Cricket League. [12] [13] IPL allowed teams to cross 8 foreign players limit. Players sold lower than their signed up price were paid the remaining amount by IPL. [14] [15] [16]