IPL 2017 Auction Date, Time, Venue, Format, Rules and Team Budgets

The biggest Twenty20 competition, Indian Premier League (IPL) is just two months away from its 10th season. IPL 2017 gets under way from April 5, when defending champions Sunrisers Hyderabad will take on Royal Challengers Bangalore. However, one of the important event of the IPL 2017 takes place on Monday, 20th February 2017 with the auction, where all franchises will bid for high-profile players.

IPL 2017 Auction is scheduled to take place in Bengaluru at 9 AM. A total of 351 players will go under the hammer at the auction; of these, 226 are Indian and the rest overseas players. This includes 122 internationals players and six from the Associate Nations – five from Afghanistan and one from UAE.

IPL 2017 Auction

2017 IPL Teams and Franchise Budgets

Team Auction Budget (Approx)
Delhi Daredevils $3.16 million
Kings XI Punjab $3.44 million
Kolkata Knight Riders $2.91 million
Mumbai Indians $1.70 million
Rising Pune Supergiants $2.81 million
Royal Challengers Bangalore $1.89 million
Sunrisers Hyderabad $3.10 million
Gujarat Lions $2.11 million

Players with highest base price (INR 2 crore)

Angelo Mathews
Ben Stokes
Chris Woakes
Eoin Morgan
Ishant Sharma
Mitchell Johnson
Pat Cummins

IPL 2017 Auction Rules

The players for the IPL auction will be divided into groups based on their respective roles and further into pots.

Bidding for each player will start from the base price. The raising of the paddle by a team signals intent on their part to make the bid. The team that bids the highest amount will sign the player!

The bidding will go on until the teams in contention step aside and the auctioneer deeming the player ‘sold’.
If none of the teams raise their paddle, the player goes unsold.

These unsold players will return to the auction after all the other players have received their chance for the first time. The auctioneer offers the teams the opportunity to list the players that they’re interested in to start the bidding war.