Indian Premier Cricket League - IPL player auctions today

The auctions for the players to play in the different teams of the Indian Premier Legue (IPL) will be done today. It is expected to start at 11 am today (Feb 20). The auction is under the observation of many international auctioneers also, as it has an interesting format with various limitations.

• There are a total of 77 players to be auctioned off.
• Each owner has to spend a minimum of 3.3 Million USD and a maximum of 5 million USD on his/her team. This maximum cap is what that makes this auction interesting. You have to get into a lot of permutations and combinations to compose your team, much like playing fantasy cricket online.
• bids up to $100,000 – in increments of $5,000, bids from $100,000 to $250,000 – in increments of $10,000, bids from $250,000 to $500,000 – in increments of $25,000, after this, no set increments.
• Tendulkar, Dravid, Ganguly and Yuvraj will not be auctioned as they are icon players for their respective areas.
• Each squad must have a minimum of 16 players per squad. This will include a maximum of 8 currently available foreign players per squad. Each team can have a maximum of 4 foreign players in the playing XI for each match.
• The squad will also have to consist of a minimum 4 under 22 players from that area.

I shall keep updating as soon as the news come out!

The teams so far:

Anil Kumble	Bangalore	USD 500000
Jacques Kallis	Bangalore	USD 900000
Zaheer Khan	Bangalore	USD 450000
MS Dhoni	Chennai	USD 1,500,000
Muttiah Muralitharan	Chennai	USD 600,000
Jacob Oram	Chennai	USD 675000
Matthew Hayden	Chennai	USD 375000
Stephen Fleming	Chennai	USD 350000
Daniel Vettori	Delhi	USD 625000
Chris Gayle	Delhi	USD 800000
Shoaib Malik	Delhi	USD 500000
Mohammad Asif	Delhi	USD 650000
Adam Gilchrist	Hyderabad	USD 700,000
Andrew Symonds	Hyderabad	USD 1,300,000
Herschelle Gibbs	Hyderabad	USD 575000
Shahid Afridi	Hyderabad	USD 675000
Shane Warne	Jaipur	USD 450,000
Grame Smith	Jaipur	USD 455000
Younis Khan	Jaipur	USD 225000
Shoaib Akhtar	Kolkata	USD 425,000
Brendon McCullim	Kolkata	USD 700000
Ricky Ponting	Kolkata	USD 400000
Mahela Jayawardene	Mohali	USD 475,000
Kumar Sangakkara	Mohali	USD 750000
Brett Lee	Mohali	USD 900000
Sreesanth	Mohali	USD 625000
Sanath Jayasuriya	Mumbai	USD 975000
Harbhajan Singh	Mumbai	USD 850000

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