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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.
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$940,000) ₹ 6 crore (US$700,000) ₹ 42 crore (US$4.9 million) 3
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$8,700) in addition to the auctioned price. [35] The auction was scheduled on 24 and 25 November 2024 in Jeddah, Saudi Arabia. [36]
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]
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.
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Prior to the auction, teams could release players and retain those that they wanted for the next season. The salaries of the released players would be added to the salary purse of the teams which was increased to Rs. 63 crores for the 2015 edition. The salaries of the retained players was deducted from this purse. [2]
IPL authority increased the number of players in each squad to 33 from the previous limit of 30 and also increased the salary cap by $2 million. [20] Each team can have a maximum of 11 overseas players in their squad and they can spend up to $2 million at auction.