IPL 2021: Purse limit for auction set at Rs. 85 crores; franchises have options to increase wallet size

IPL 2021: Purse limit for auction set at Rs. 85 crores; franchises have options to increase wallet size

WhatsApp Image 2020 09 06 at 1.09.37 PM

The IPL trophy

With the 14th edition of the Indian Premier League (IPL) set to take place in April and May in 2021, all the focus for the franchises is now on the auctions which will be conducted in mid-February. The 2020 IPL had to be postponed to September and was played in the UAE unlike usual editions of the tournament. However, with the 2021 edition, normalcy is set to return.

The IPL franchises are now required to name their list of retained players. The deadline for the same has been fixed at January 20. Further, the BCCI made it clear to all Indian players that with regard to the auction, only the respective state associations can communicate with the board.

‘No increase in purse size’ – Brijesh Patel

Defending champions Mumbai Indians

“We are not increasing the purse size for the franchises. 85 Crore will be the limit for IPL franchises to make their teams for IPL 2021”, confirmed IPL GC Chairman Brijesh Patel on Friday while also confirming the decisions regarding player retentions and communication between BCCI and players.

With the purse size fixed at 85 crores, IPL franchises will however have an option of releasing players into the auction pool to increase their purse. Teams looking to rebuild would eye this opportunity to do the same and release some higher-paid players to free up funds for other buys.

Also Read: IPL 2021: Bengal’s Vivek Singh on IPL franchise’s radar after smashing 100 in Syed Mushtaq Ali Trophy