The attention of the cricketing world has shifted from the World Cup to the Indian Premier League following its conclusion in November. While the tournament is scheduled for March-April 2024, the focus is currently on the player auction set to take place on December 19. The franchise’s lists of retained and released players were announced last week, and the league released the list of players set to be auctioned in Dubai just yesterday.
The Sporting News brings an explainer on the dynamics of the auction and the concept of the base price.
At the auction, players from around the world can register themselves, and the minimum amount that a team can bid to secure a player’s services is known as the base price. The players themselves set the base price, usually based on their expectations of the demand for their services.
For example, established Indian and overseas international players set their base price at the maximum allowed amount of Rs 2 crores, while Indian domestic players often set their base price at Rs 10 lakhs.
Reports revealed that several of Australia’s 2023 World Cup winners, including Pat Cummins, Josh Hazlewood, and Travis Head, have set their base price as Rs 2 crore, while breakout star Rachin Ravindra has entered the auction with a base price of Rs 50 lakhs.
Additionally, a complete list of registered players and their base prices has been released. The list includes players with base prices ranging from INR 2 crore to 50 lakh.
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