The Royal Challengers Bangalore (RCB) led by Virat Kohli have only 6.4 crore to their credit.
The Cricket Control Board of India (BCCI) has issued guidelines for organizing the auction for the 14th edition of the Indian Premier League (IPL). Since the Indian board has approved the idea of including two new teams in the T20 championship from IPL 2022, instead of the mega-auction, a mini-auction will be held before the ‘IPL 2021.
So, the IPL Board of Directors has officially told the eight franchises to submit the final roster of players they want to keep for this edition of the Indian League by January 21. Additionally, the trading window will close on February 4 for franchises as authorities are expected to host the 14th edition auction on February 11, 2021.
The players had signed a 3-year contract with the franchises in 2018, which ended in 2020. Thus, before the mini-auction, BCCI and the franchises will complete the contractual formalities with the players that the teams would like to retain for the IPL season 2021.
Teams can retain three players and can have two other players using the Right to correspond Card (RTM). The purse money will not be exceeded and the franchises will have to do the job with a total of INR 85 crores only. Thus, the purse left for the mini-auction will depend on how much money the teams have left after choosing the successful players.
The handbag left with the eight franchises for IPL 2021
As of now, three-time champion Chennai Super Kings (CSK) is left with a purse of INR 0.15 crore. Therefore, it is assumed that the franchise will release a few big names as they have to build their squad from scratch after a scorching race in IPL 2020. The defending champions Mumbai Indians also have a lower amount under their belt, 1, 95 crore INR, but they will hardly interfere with their winning combination when playing XI.
The Royal Challengers Bangalore (RCB) led by Virat Kohli only have 6.4 crore to their name, while Kolkata Knight Riders (KKR) has a remaining purse of around 8.5 crore INR. The Delhi Capitals (DC) finalists also have INR 9 crore and the Sunrisers Hyderabad led by David Warner boast of INR 10.1 crore.
The Royals of Rajasthan (RR) have a purse of INR 14.75 crore Kings XI Punjab (KXIP) have INR 16.5 crore in their prize pool.