The players’ auction for the next Indian Premier League (IPL) will be held on December 19 in Kolkata, the event’s Governing Council decided in a meeting here on Tuesday.
The glitzy league is usually held in April-May every year and players’ auction is being conducted in Kolkata for the first time. The city is the home ground of the Shah Rukh Khan co-owned Kolkata Knight Riders franchise.
“The IPL auction will be in Kolkata on December 19. It’s a departure from the traditional venue of Bengaluru,” an IPL Governing Council member said on conditions of anonymity after the meeting here.
While the franchises were allotted ₹ 82 crore each for IPL 2019, ₹ 85 crore per team has been earmarked for the 2020 season.
Every franchise will also have an additional purse of ₹ 3 crore to the balance in their kitties from the last auction.
Delhi Capitals have the biggest balance -- ₹ 8.2 crore, followed by Rajasthan Royals at ₹ 7.15 crore and Kolkata Knight Riders at ₹ 6.05 crore.
This year’s auction is the last one before the franchises disband and prepare to assemble fresh squads from 2021 at a mega auction.
Funds left with franchises ahead of IPL 2020 auction:
Chennai Super Kings - ₹ 3.2 crore, Delhi Capitals - ₹ 7.7 crore, Kings XI Punjab - ₹ 3.7 crore, Kolkata Knight Riders - ₹ 6.05 crore, Mumbai Indians - ₹ 3.55 crore, Rajasthan Royals - ₹ 7.15 crore, Royal Challengers Bangalore - ₹ 1.80 crore, Sunrisers Hyderabad - ₹ 5.30 crore.