IPL 2022 Auction: The Indian Premier League (IPL) franchises are all geared up for the forthcoming mega auction ahead of the 2022 season.
After the existing eight franchises had retained a maximum of 4 players each, the two new franchises – Ahmedabad and Lucknow – have also signed 3 players each before heading into the auction which is to be held in the middle of February.
It took time for Ahmedabad and Lucknow to get the Letter of Intent (LoI) from the Board of Control for Cricket in India (BCCI), and there were doubts that the Ahmedabad franchise could even slip out of CVC Capitals’ hands over their investments into betting businesses.
However, the BCCI found no conflict after completing their due diligence and issued the LoI to both the new franchise owners.
Between Lucknow and Ahmedabad, the latter put in the most money to sign the three players it wanted to.
The situation, hence, will see Ahmedabad going into the bidding-war with a smaller purse than Lucknow.
IPL 2022: KL Rahul set to lead Lucknow franchise
IPL 2022 mega auction – Purse balance of all 10 franchises:
Chennai Super Kings (CSK): Ravindra Jadeja (16 crore), MS Dhoni (12 crore), Moeen Ali (8 crore), Ruturaj Gaikwad (6 crore) | Balance purse: Rs 48 crore
Mumbai Indians (MI): Rohit Sharma (16 crore), Jasprit Bumrah (12 crore), Suryakumar Yadav(8 crore), Kieron Pollard (6 crore) | Balance purse: Rs 48 crore
Royal Challengers Bangalore (RCB): Virat Kohli (15 crore), Glenn Maxwell (11 crore), Mohammed Siraj (7 crore) | Balance purse: Rs. 57 crore
Kolkata Knight Riders (KKR): Andre Russell (12 crore, 16 crore to be deducted from purse), Varun Chakravarthy (8 crore, 12 crore to be deducted from purse), Venkatesh Iyer (8 crore), Sunil Narine (6 crore) | Balance purse: Rs 48 crore
Sunrisers Hyderabad (SRH): Kane Williamson (14 crore), Abdul Samad (4 crore), Umran Malik (4 crore) | Balance purse:Rs 68 crore
Rajasthan Royals (RR): Sanju Samson (14 crore), Jos Buttler (10 crore), Yashasvi Jaiswal (4 crore) | Balance purse: Rs 62 crore
The two new franchises Lucknow and Ahmedabad were also given deadlines to choose their draft picks before heading into the mega auction.
Ahmedabad opted for Hardik Pandya, Rashid Khan and Shubman Gill as options.
Pandya will also lead the franchise in IPL 2022. Lucknow acquired KL Rahul, Ravi Bishnoi and Marcus Stoinis as their three picks with Rahul assigned captaincy duties as well.