The cricketing world is still recovering from the exhilarating showdown of the ICC Cricket World Cup 2023, where Australia left a mark by inflicting a heartbreaking defeat on India. As the dust settles on the international stage, cricket fans now turn their attention to the upcoming extravaganza – the IPL 2024 Auction. Brace yourselves, for the cricketing drama is set to unfold as teams gear up for the bidding war that promises to be nothing short of spectacular.
IPL 2024 Auction: Here Is The Amount Of Money Each Team Has In The Purse

Punjab Kings:
Punjab Kings, armed with a purse of INR 12.20 crore, are in a formidable position to make strategic acquisitions. With the prowess to strengthen their lineup, the Kings are undoubtedly a team to watch as they aim to strike the right balance between experience and emerging talent.
Sunrisers Hyderabad
Sunrisers Hyderabad, with a calculated INR 6.55 crore left in their purse, are poised to make shrewd moves in the auction. The team’s management is undoubtedly working tirelessly to identify gaps in their squad and fill them with precision.
Gujarat Titans
Gujarat Titans, armed with INR 4.45 crore, are not just participating; they are strategically building for the future. The Titans’ approach indicates a focus on long-term success, aiming to secure players who can contribute significantly in the seasons to come.
Delhi Capitals
Delhi Capitals, with the same purse amount of INR 4.45 crore as the Titans, are likely to make strategic investments. The Capitals, known for their analytical approach, will be looking to reinforce their squad with players who can complement their existing strengths.
Lucknow Super Giants
Lucknow Super Giants, with INR 3.55 crore at their disposal, are in a position to make precision spending. The team’s management is undoubtedly analyzing every potential addition to ensure they maximize the value of every rupee spent.
Rajasthan Royals
Rajasthan Royals, approaching the auction with INR 3.35 crore, are likely to adopt a prudent approach. The Royals have a history of nurturing young talent, and this auction may present them with opportunities to unearth hidden gems.
Royal Challengers Bangalore
Royal Challengers Bangalore, facing a relatively tighter purse of INR 1.75 crore, will need to make tactical moves. The team’s management is surely engaged in meticulous planning to extract maximum value within their budget constraints.
Kolkata Knight Riders
Kolkata Knight Riders, armed with INR 1.65 crore, are expected to make strategic maneuvers. The Knight Riders, known for their astute decision-making, will be aiming to strengthen key areas while ensuring a well-rounded squad.
Chennai Super Kings
Chennai Super Kings, with a purse of INR 1.50 crore, are poised to make calculated choices. The Super Kings, under the astute leadership of MS Dhoni, will be eyeing players who can seamlessly fit into their well-established team culture.
Mumbai Indians
Mumbai Indians, with a relatively modest purse of INR 50 lakh, will be looking for strategic bargains. The defending champions understand the value of smart acquisitions, and they will be hunting for players who can make an impact without breaking the bank.
As the IPL 2024 auction approaches, there’s a significant shift in the financial dynamics. Teams, compared to last season’s INR 95 crore, now have a whopping INR 100 crore spending limit at their disposal. This increased budget opens up new avenues for teams to pursue top-tier talent and build squads that can withstand the rigours of a demanding tournament.