The 2021 IPL auction is scheduled to take place on February 18.
Kings XI Punjab (KXIP) had a scorching run in the 13th edition of the Indian Premier League (IPL) in the United Arab Emirates (UAE) finishing in sixth position on the points table with 12 points up their sleeve in 14 games . Newly appointed skipper KL Rahul has lived up to all expectations by becoming the top rider in IPL 2020 with 670 races but there were a lot of disappointments for the Punjab side.
As a result, before IPL 2021, The management of the KXIP team took tough calls releasing up to 7 players while retraining 16 cricketers. The released player roster included big names like Glenn Maxwell, Sheldon Cottrell, K Gowtham, Mujeeb Ur Rahman, Jimmy Neesham, Hardus Viljoen and Karun Nair, J Suchith, Tajinder Singh Dhillon.
With 9 spots remaining, Kings XI Punjab (KXIP) is very excited for the next IPL 2021 auction, scheduled for February 18 in Chennai. They have the biggest purse balance of all 8 franchises; a whopping INR 53.2 crore.
Punjab must spend minimum INR 31.7 crore in 2021 IPL auction
However, this can also be a source of concern for the Punjab-based franchise, as IPL’s board of directors has asked all franchises to spend at least 75% of the purse allocated to them on the sale. at auction. So far, the Punjab has invested Rs. 31.8 crore in acquiring the services of 16 players and being able to occupy a maximum of nine places in the next auction.
To spend at least 75% of the IPL handbag (85 crore INR), owners in Punjab must shell out a minimum of 31.7 crore INR on February 18 IPL auction. In the event that the franchise fails to spend the minimum amount decided by the IPL Governing Body, the Cricket Control Board in India (BCCI) will get the deficit.
“All teams must spend minimum amounts and we have kept the thresholds at 75% of the player’s wallet 85 Cr as the minimum amount that deductibles will be required to spend. This has also been the norm with IPL auctions in the past, ”a senior BCCI official told InsideSport.
Current KXIP workforce: KL Rahul, Chris Gayle, Mayank Agarwal, Nicholas Pooran, Mandeep Singh, Sarfaraz Khan, Deepak Hooda, Prabhsimran Singh, Mohammed Shami, Chris Jordan, Darshan Nalkande, Ravi Bishnoi, Murugan Ashwin, Arshdeep Singh, Harpreet Brar, Ishan Porel