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Punjab Kings entered the Mega Auction with ₹ 110.5 crore (US$13 million), the highest-ever purse in IPL history for any team. [37] During the Mega Auction, the record for the most expensive player in the Indian Premier League , which was previously held by Mitchell Starc ₹ 24.75 crore (US$2.9 million), was broken twice.
In July 2024, the IPL Governing Council announced that a mega auction would be conducted ahead of the 2025 season after a meeting with the owners of the franchises. It was the sixth mega auction of the IPL. The auction was held on 24 and 25 November 2024 in Jeddah, Saudi Arabia. A total of 1,574 players registered for the auction, of which 574 ...
Punjab Kings entered the IPL 2025 Mega Auction with a purse of INR 109.5 crore, setting the highest-ever purse in IPL history for any team. [5] During the auction, the record for the most expensive player in IPL history was broken twice.
The team name was changed to Punjab Kings in February 2021. In 2025 IPL auction, the franchise made the then highest-ever bid for a player in the IPL, paying ₹ 26.75 crore (US$3.1 million) for Shreyas Iyer. [1]
The auction purse for each franchise was set at ₹ 120 crore (US$14 million), and the franchises were deducted a specific amount from the auction purse for every retained player. [14] CSK had a purse of ₹ 55 crore (US$6.4 million) before the auction after mandatory deductions against the retained players. [ 15 ]
Top 10 Highest Paid Players in IPL 2024 Auction by Forbes India [63] Player IPL team Salary Mitchell Starc: Kolkata Knight Riders (KKR) Rs 24.75 Crore Pat Cummins: Sunrisers Hyderabad (SRH) Rs 20.50 Crore Daryl Mitchell: Chennai Super Kings (CSK) Rs 14 Crore Harshal Patel: Punjab Kings (PBKS) Rs 11.75 Crore Alzarri Joseph: Royal Challengers ...
Player auction is a significant aspect of modern sports leagues, prominently observed in cricket and baseball, [1] where teams bid to acquire the services of players for a specific tournament or season. The process involves a blend of strategy, finance, and talent assessment, making it a notable event in the sports calendar.
Mitchell Starc became the most expensive player in IPL auction's history when he was bought at 24.75 crore by Kolkata Knight Riders, surpassing Pat Cummins who was bought for 20.50 crore by Sunrisers Hyderabad in the same auction. Pat Cummins had surpassed Sam Curran's record of 18.50 crore in 2023 auction. [9]