IPL 2023 auction to take place on December 16, retentions to be submitted in November

The Indian Premier League (IPL) has asked the ten franchises to submit their list of retained players by November 15 with the upcoming mini-auction likely to be held in the third week of December.

Unlike the mega auction last year, when two new franchises were added and the old teams could retain a maximum of four players, there is no such cap for the mini-auction ahead of IPL 2023.

During the upcoming mini-auction, the teams will get extra Rs 5 crore, in addition to the money left over from the previous auction, to spend which will make the overall auction



purse Rs 95 crore, an ESPNcricinfo report said.

Notably, Punjab Kings had the largest purse left - Rs 3.45 crore - after last year's auction, while Lucknow Super Giants had exhausted their entire purse. Chennai Super Kings had Rs 2.95 crore remaining, followed by Royal Challengers Bangalore (Rs 1.55 crore), Rajasthan Royals (Rs 0.95 crore) and Kolkata Knight Riders (Rs 0.45 crore).

On the other hand, defending champions Gujarat Titans were left with Rs 0.15 crore while three teams - Mumbai Indians, Sunrisers Hyderabad and Delhi Capitals - had Rs 0.10 crore.