Ahead of a new, exciting IPL season, all teams are doing their best to complete their squads. The IPL auction for the 2021 season will take place on the 18th of February in Chennai. And as if this event wasn’t exciting enough, it takes place immediately after the second Test played by India vs England taking place in Chennai as well.
Before we get into the details about the auction, a quick word for our readers that also support their favorite teams through sports betting. 1xBet is close to cricket fans all across the globe to provides a complete experience. If you’re not convinced cricket betting is the right move for you, 1xBet offers you the opportunity to bet without losing. The risk-free bets frequently offered at the bookmaker allow players to try their luck and get the stake back if the initial prediction is wrong.
Getting back to the auction that will take place in Chennai, here are the most important details. If you’re planning to place bets on the 2021 IPL season, it’s a good idea to follow this auction closely and get important info about each team’s squad as that can help you predict a winner.
How Does the Auction Work?
The aim for each team is to strengthen their squad for the new season. To be able to participate, the teams need to have at least 18 signed players when the season begins. 25 is the maximum number of players in an IPL cricket squad, out of which eight can be foreigners.
Right after the 2020 edition, the teams revealed the released and retained lists for the next campaign. In total, there are 61 berths across the eight teams involved in the 2021 IPL season. First of all, the teams will have to match the reserve price of each player. Once this phase is complete, the bidding process starts and the player can choose the team with the highest unchallenged offer.
Budgets and player needs for the next season
Even though the 2020 edition finally took place with a big delay, the next season’s auction is expected to be less-flashy compared to other editions. The lack of spectators and the fast-forward format the IPL had to use in the UAE means the franchises don’t have additional funds for squad strengthening. So, it’s all about balancing the funds made available through departures the complete the line-up for 2021.
● The Kings XI Punjab have the biggest budget for the auction – 53,2 crore. The team needs nine players in total and five spots available for overseas cricketers, making them follow this auction.
● Sunrisers Hyderabad displays the lowest budget for the upcoming auction with only 10,75 crore. However, the Sunrisers only need three players to complete their line-up.
● The team with the biggest need of fresh signings for the upcoming auction is the Royal Challengers Bangalore. They need to fill no less than 13 slots with a budget of 35,7 crore
Star players like Glenn Maxwell, Steve Smith, Lasith Malinga, or already confirmed to be part of the auction. However, the full list is not available just yet due to the short time between the end of the previous tournament. Even so, you have plenty of reasons to look forward to the auction and get ready for an exciting new season.
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