IPL 2024 auction: Team purse to increase by ₹ 5 crore; each team will have ₹100 crore: Reports

The player purse for the Indian Premier League season 2024 is likely to increase by INR 5 crore, hence, each team is expected to have a player purse of INR 100 crore. The amount that one team can spend on the auction day depends on the value of players they release as well as the unspent purse of the teams from the 2023 auction. Notably, the IPL player auction of the 2024 season is expected to be held on December 19 in Dubai. 

As per the reports by ESPNcricinfo, the 10 IPL teams have to submit the list of their retained and released players by November 15. Not only this, but the reports also suggest that the player purse for the upcoming edition will see an increase of INR 5 crore and will be INR 100 crore. 

Player purse of each team in the IPL 2024 auction

Punjab Kings have the largest player purse with INR 12.20 crore (USD 1.47 million) – while Mumbai Indians have the smallest at INR 0.05 crore. If we talk about other teams, Sunrisers Hyderabad have INR 6.55 crore (USD 0.79 million) in their purse, while Gujarat Titans and Delhi Capitals have INR 4.45 crore (USD 0.54 million). 

Speaking of Lucknow Super Giants, Rajasthan Royals and Royal Challengers Bangalore, they have INR 3.55 crore (USD 0.43 million), USD 3.35 crore (USD 0.40 million) and INR 1.75 crore (USD 0.21 million), respectively. In addition, Kolkata Knight Riders have a total of INR 1.65 crore (USD 0.2 million); while the defending champions Chennai Super Kings have INR 1.5 crore (USD 0.18 million).  

List of expected overseas players to participate in the IPL 2024 auction

Some of the most prominent overseas names expected to participate in the IPL 2024 auction include Australian fast bowler Mitchell Starc, Pat Cummins, Travis Head, Chris Woakes, Alex Hales, Sam Billings, and Gerald Coetzee. 

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