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₹ 12 crore (US$1.4 million) 28 February 2023 Sandeep Warrier India: 31 March 2023 [17] Jhye Richardson Australia ₹ 1.5 crore (US$180,000) Hamstring injury 11 March 2023 Riley Meredith Australia ₹ 1.50 crore (US$180,000) 6 April 2023 [18] Will Jacks England: Royal Challengers Bangalore: Muscle Injury 15 March 2023 Michael Bracewell New Zealand
The 2022 season of the IPL offered total prize money of ₹ 46.5 crore (equivalent to ₹ 49 crore or US$5.8 million in 2023), with the winning team netting ₹ 20 crore (equivalent to ₹ 21 crore or US$2.5 million in 2023) and the second-placed team ₹ 13 crore (equivalent to ₹ 14 crore or US$1.6 million in 2023).
In July 2024, the IPL Governing Council held a meeting with the owners of the franchises and announced that a mega auction would be conducted ahead of the 2025 season. [1] It is the sixth mega auction after 2008 , [ 2 ] 2011 , [ 3 ] 2014 , [ 4 ] 2018 [ 5 ] and 2022 [ 6 ] respectively.
With a total salary cap of INR 90 crore available at the mega auction for each team, the eight franchises were eligible to retain up to 4 players with a maximum of 3 Indians, 2 overseas players and 2 uncapped Indians.
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]
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The 2023 Indian Premier League (also known as Tata IPL 2023 for sponsorship reasons and sometimes referred to as IPL 2023 or IPL 16) was the 16th season of the Indian Premier League, a franchise Twenty20 cricket league in India. It is organised by the Board of Control for Cricket in India. [1]
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