Close Menu
  • CRICKET
    • TRENDING
    • OPINION
    • News
  • IPL
    • Royal Challengers Bangalore (RCB)
    • Chennai Super Kings (CSK)
    • Mumbai Indians (MI)
    • Kolkata Knight Riders (KKR)
Facebook X (Twitter) Instagram
The Cricket Lounge
  • CRICKET
    • TRENDING
    • OPINION
    • News
  • IPL
    • Royal Challengers Bangalore (RCB)
    • Chennai Super Kings (CSK)
    • Mumbai Indians (MI)
    • Kolkata Knight Riders (KKR)
The Cricket Lounge
IPL

IPL 2023 Auction: Which Team Has The Biggest Purse Value?

Jatin KhandelwalBy Jatin Khandelwal14/11/2022Updated:08/02/2023No Comments3 Mins Read

The deadline for the submitting the list of the released and retained players for all 10 IPL franchises is 5 PM on November 15. The BCCI has decided to hold the IPL 2023 mini-auction on December 23 in Kochi.

This time it will be a mini-auction and a one-day event, as opposed to a mega-auction and a two-day event the IPL 2022 auction was. Then the 8 original squads were revamped and 2 new franchises were added to the tournament. Now, however, teams don’t have to release and buy a lot of players; just need to improve their squads and fill up the holes.

Since this is a mini-auction, all 10 franchises will have the opportunity to retain as many players as they wish, of course, adhering to the maximum limit of 25 players in the squad and a maximum of 8 overseas players.

The trading window is open at the moment which will also close on November 15. A few franchises have made trades with KKR being the most active.

KKR have traded in Lockie Ferguson, Rahmanullah Gurbaz from Gujarat Titans, and Shardul Thakur from Delhi Capitals. Mumbai Indians have traded in Australian left-arm pacer Jason Behrendorff from Royal Challengers Bangalore.

Right market price' as BCCI eyes IPL media rights bonanza | Cricket -  Hindustan Times

What is the total purse value and purse remaining of each franchise?

For the forthcoming IPL 2023 auction, all the teams have been allotted an extra 5 crores to their purses to spend in the mini-auction. This makes the overall value of the purse to 95 crore from 90 crore to build their squads. This is, of course, in extension to the remaining money from the last mega-auction. And, further, each franchise can increase its purse value by releasing and trading players out.

Here is the list of money remaining from the previous auction for each franchise:

Punjab Kings had the largest purse leftover of INR 3.45 crore (US $425,000) after the last mega-auction

Chennai Super Kings – INR 2.95 crore (US $358,000)

Royal Challengers Bangalore – INR 1.55 crore (US $188,000)

Rajasthan Royals – INR 0.95 crore (US $115,000)

Kolkata Knight Riders – INR 0.45 crore (US $55,000)

Gujarat Titans – INR 0.15 crore (US $18,000)

Mumbai Indians, Sunrisers Hyderabad, and Delhi Capitals – all three franchises had INR 0.10 crore (approx. US $12,000) each left.

Lucknow Super Giants were the only franchise which had used up their entire purse in buying players last time.

The purse of all the franchises will increase after they release and/or trade players away.

 

Follow on Google News Follow on Flipboard
Previous ArticleIPL 2023 Auction: 5 Players Who Will Be In High Demand In The Auction
Next Article IPL 2023: Fans React After Shardul Thakur Joined Kolkata Knight Riders
Jatin Khandelwal
  • X (Twitter)
  • Instagram

Jatin Khandelwal is a prominent cricket writer known for his insightful analysis, in-depth research, and engaging writing style. He has an experience of more than 5 years in cricket writing. Jatin has worked with some of the top cricket websites in India and he has been heading The Cricket Lounge's editorial wing from past one and a half years.

Related Posts

RCB Becomes Richest IPL Team, Beats CSK and MI

08/07/2025

After a Quiet IPL, Sanju Samson Heads to Kerala Cricket League

24/06/2025

Sanju Samson to CSK? Unpacking the IPL 2026 Transfer Talk

17/06/2025

Top Uncapped Players with 500+ Runs in an IPL Season

30/05/2025

MS Dhoni Fuels IPL 2026 Speculation with Cryptic Retirement Comment

26/05/2025

Zaheer Khan Takes Charge of Lucknow Super Giants as Head Coach After IPL 2025 Shake Up

21/05/2025
Add A Comment
Leave A Reply Cancel Reply

Important Pages
  • Terms and Conditions
  • Contact Us
  • About Us
  • Information About The Publication
Important Links
  • Rss Feed
  • Sitemap
  • Google News
Important Links
  • Rss Feed
  • Sitemap
  • Google News

Type above and press Enter to search. Press Esc to cancel.