The IPL 2023 Auction Date, Rules and Trading Window

One of the most watched sporting events, the Indian Premier League, has become a huge brand. In the 2022 edition of the IPL, two new franchises were added – Lucknow Super Giants (LSG) and Gujarat Titans (GT) with the latter winning the trophy on debut.

After a thrilling season earlier this year, the teams are setting up for the IPL 2023 auction. The players are already in the news for their retentions or releases. Auctions and trading make the IPL even more exciting. The Right to Match (RTM) card is also applicable this time, which is simply a cherry on the cake. Let’s take a brief look at all the IPL 2023 teams.

IPL 2023 – Teams & Captains

Below is the complete list of all the teams participating in IPL 2023, along with their title wins, final appearances and the name of the current captain.

*Sunrisers Hyderabad has released Kane Williamson, and as of now, their new captain is yet to be announced.

IPL 2023 Auction – Players Retained and Release by each team

Following the 15-November deadline to finalize the list of both, retained and released players for IPL 2023, all 10 franchises have retained 163 players and at least 85 players are released and up for grabs by other franchises. In the section below, we provide a brief list of key players who are retained or released:

Mumbai Indians (MI)

Mumbai Indians seek up to 9 purchases during the auctions, including up to 3 foreign players with a spending capacity of INR 20.55 Crores.

MI Players Retained

Rohit Sharma (c), Suryakumar Yadav, Tim David, ), Jasprit Bumrah, Jofra Archer, Ishan Kishan, Jason Behrendorff (Traded), Kumar Kartikeya Singh, Mohd. Arshad Khan, N. Tilak Varma, Ramandeep Singh, Tristan Stubbs, Akash Madhwal, Arjun Tendulkar, Dewald Brevis, Hrithik Shokeen.

MI Players Released

Kieron Pollard, Murugan Ashwin, Rahul Buddhi, Riley Meredith, Sanjay Yadav, Tymal Mills, Daniel Sams, Fabian Allen, Jaydev Unadkat, Mayank Markande, Anmolpreet Singh, Aryan Juyal, Basil Thampi.

Chennai Super Kings (CSK)

CSK have 18 players as of now, including 6 overseas players. So they have 7 slots available including 2 overseas slots. Their spending capacity is INR 20.45 Crores.

CSK Players Retained

MS Dhoni(c), Ravindra Jadeja, Ruturaj Gaikwad, Ambati Rayudu, Deepak Chahar, Devon Conway, Shivam Dube, Dwaine Pretorius, Maheesh Theekshana, Matheesha Pathirana, Mitchell Santner, Moeen Ali, Mukesh Choudhary, Prashant Solanki, Rajvardhan HangargekarSimarjeet Singh, Subhranshu Senapati, Tushar Deshpande.

CSK Players Released

N. Jagadeesan, Robin Uthappa, Dwayne Bravo, Chris Jordan, Adam Milne, C.Hari Nishaanth, K.Bhagath Varma, K.M Asif.

Kolkata Knight Riders (KKR)

KKR have 11 available slots including 3 for the overseas players, however, they can spend only up to INR 7.05 Crores, the lowest among all the franchises, during the auctions.

Retained Players

Shreyas Iyer(c), Sunil Narine, Tim Southee, Umesh Yadav, Varun Chakaravarthy, Venkatesh Iyer, Andre Russell, Anukul Roy, Harshit Rana, Lockie Ferguson (Traded), Nitish Rana, Rahmanullah Gurbaz (Traded), Rinku Singh, Shardul Thakur (Traded).

Released Players

Aaron Finch, Abhijeet Tomar, Ajinkya Rahane, Alex Hales, Sam Billings, Mohammad Nabi, Pat Cummins, Pratham Singh, Ramesh Kumar, Rasikh Dar, Sheldon Jackson, Shivam Mavi, Ashok Sharma, Baba Indrajith, Chamika Karunaratne.

Rajasthan Royals (RR)

The Royals have got INR 13.2 Crores for the auctions, with which they can fill up to 9 slots including 4 foreign players.

Retained Players

Sanju Samson (c), Shimron Hetmyer, Trent Boult, Yashasvi Jaiswal, Yuzvendra Chahal, Devdutt Padikkal, Dhruv Jurel, Jos Buttler, K.C Cariappa, Kuldeep Sen, Kuldip Yadav, Navdeep Saini, Obed Mccoy, Prasidh Krishna, R. Ashwin, Riyan Parag.

Released Players

Karun Nair, Nathan Coulter-Nile, Rassie Van Der Dussen, Corbin Bosch, Daryl Mitchell, James Neesham, Shubham Garhwal, Tejas Baroka, Anunay Singh.

Sunrisers Hyderabad (SRH)

SRH have the best spending capacity of INR 42.25 Crores, with which they can purchase up to 13 players including 4 foreign players.

Retained Players

Bhuvneshwar Kumar, Abdul Samad, Abhishek Sharma, Rahul Tripathi, T. Natarajan, Umran Malik, Washington Sundar, Aiden Markram, Fazalhaq Farooqi, Glenn Phillips, Kartik Tyagi, Marco Jansen.

Released Players

Kane Williamson, Nicholas Pooran, Priyam Garg, Jagadeesha Suchith, R Samarth, Romario Shepherd, Saurabh Dubey, Sean Abbott, Shashank Singh, Shreyas Gopal, Sushant Mishra, Vishnu Vinod.

Gujarat Titans

The defending champions had spent INR 75.75 Crores in their inaugural auctions. This means now they can spend up to INR 19.25 Crores. They have 7 available slots including 3 for overseas players.

Also read -> Gujarat Titans owner 2022 

Retained Players

Hardik Pandya (c), Alzarri Joseph, Shubman Gill, Vijay Shankar, David Miller, Jayant Yadav, Matthew Wade, Mohammad Shami, Abhinav Sadarangani, B. Sai Sudharsan, Darshan Nalkande, Noor Ahmad, Pradeep Sangwan, R. Sai Kishore, Rahul Tewatia, Rashid Khan, Wriddhiman Saha, Yash Dayal.

Released Players

Jason Roy, Varun Aaron, Dominic Drakes, Gurkeerat Singh.

Royal Challengers Bangalore (RCB)

RCB have spent most of their funds during the previous auctions. They are now left with only INR 8.75 Crores to go for up to 7 players. They have just 2 overseas players slots available.

Retained Players

Faf Du Plessis(c), Virat Kohli, Wanindu Hasaranga, Dinesh Karthik, Finn Allen, Glenn Maxwell, Harshal Patel, Josh Hazlewood, Karn Sharma, Mahipal Lomror, Mohammed Siraj, Rajat Patidar, Akash Deep, Anuj Rawat, David Willey, Shahbaz Ahamad, Siddharth Kaul, Suyash Prabhudessai.

Released Players

Sherfane Rutherford, Aneeshwar Gautam, Chama Milind, Luvnith Sisodia.

Punjab Kings (PBKS)

PBKS have a spending capacity of INR 32.2 Crores. The Kings need to fill in up to 9 slots including 3 slots for the foreign players.

Retained Players

Shikhar Dhawan (c), Shahrukh Khan, Rahul Chahar, Arshdeep Singh, Harpreet Brar, Raj Angad Bawa, Prabhsimran Singh, Rishi Dhawan, Jitesh Sharma, Baltej Singh Dhanda, Atharva Taide, Liam Livingstone, Kagiso Rabada, Jonny Bairstow, Nathan Ellis, Bhanuka Rajapakse.

Released Players

Mayank Agarwal, Benny Howell, Ishan Porel, Ansh Patel, Prerak Mankad, Sandeep Sharma, Writtick Chatterjee, Odean Smith, Vaibhav Arora.

Delhi Capitals (DC)

DC have an available salary cap of INR 19.45 Crores, which they can use to purchase up to 5 players, including 2 overseas players.

Retained Players

Rishabh Pant, (c), David Warner, Aman Khan (Traded), Anrich Nortje, Axar Patel, Rovman Powell, Sarfaraz Khan, Syed Khaleel Ahmed, Chetan Sakariya, Kamlesh Nagarkoti, Kuldeep Yadav, Lalit Yadav, Lungisani Ngidi, Mitchell Marsh, Mustafizur Rahman, Pravin Dubey, Prithvi Shaw, Ripal PatelVicky Ostwal, Yash Dhull.

Released Players

Tim Seifert, Ashwin Hebbar, K.S. Bharat, Mandeep Singh.

Lucknow Super Giants (LSG)

There are 10 available slots in the LSG squad, which includes 4 slots for foreign players. They can spend up to INR 23.35 Crores.

Also read -> LSG Owner 2022

Retained Players

KL Rahul (c), Krunal Pandya, Kyle Mayers, Manan Vohra, Marcus Stoinis, Mark Wood, Avesh Khan, Ayush Badoni, Deepak Hooda, K. Gowtham, Karan Sharma, Mayank Yadav, Mohsin Khan, Quinton De Kock, Ravi Bishnoi.

Released Players

Andrew Tye, Dushmanta Chameera, Evin Lewis, Jason Holder, Manish Pandey, Ankit Singh Rajpoot, Shahbaz Nadeem.

Key Players to target for in IPL 2023 Auctions

Foreign players like Kane Williamson, Ben Stokes, Cameron Green, Jason Roy, Evin Lewis and Sam Curran can be targeted by most if not all the franchises during the auctions. Among the domestic players – Mayank Agarwal, Narayan Jagadeesan and Hari Nishaanth could be on the radar this time.

Auction Dates & Trading Window

The auctions for IPL 2023 are tentatively scheduled on 23 December in Bengaluru. However, some franchises have suggested preponing the auctions due to the holiday season around that period. BCCI might prepone the auctions if all franchises agree.

This will be a mini-auction, as the previous auction was a big event due to the introduction of 2 new teams – GT and LSG. Mostly a week prior to the auctions, i.e. around mid-December, BCCI will open a Trading Window where franchises can trade or exchange players with each other.

IPL 2023 Auction Rules

IPL committee has set some rules for the franchises for the upcoming auctions to be held for December 2022. Let’s briefly examine some of the new or revised rules as the IPL auction 2023 date approaches closer.

1. In the previous mega auction, the addition of two new teams forced 8 pre-existing franchises to retain up to four players only. In contrast, there is no such restriction on the number of players all ten franchises can retain or release in the upcoming auction. Of course, they need to take their budget into consideration.
2. Another change is in the overall purse amount. IPL has increased the overall purse amount by INR 5 crore (INR 50 million). Franchises can use this amount on top of whatever money was left after the end of the previous auction. For example, Punjab Kings saved INR 3.45 crore (INR 34.5 million) from the previous round of auction. So they have got a purse of INR 8.45 crore (INR 84.5 million) this time to spend. On the other hand, Lucknow Super Giants had exhausted all their money in their maiden auction, so they have only INR 5 crore (INR 50 million) to spend unless they release one or more players.
3. Franchises have to submit their list of retained and released players to the BCCI by November 15. So, they have to take a call not only on the regular players to be retained but also on the replacement players who were roped in for injured players during IPL 2022.
4. A franchise can have up to 25 players, which includes 8 foreign players. The maximum number of players in the final squad can be 18.
5. All 10 IPL franchises will be given a Right to Match (RTM) card, which can be used during the auction to retain key players. The RTM card will be explained in the upcoming article.

Right To Match

With the Right To Match (RTM) card introduced in 2018, BCCI has tried to raise the level of fun and excitement among the fans and followers. With this card, a franchise buy-back (retain) a player by matching the highest bid placed for him during the auctions. RTM was skipped during the previous auctions, but it is very much available for the franchises now for the upcoming auctions.

The “purse” of each team

Let’s take a look at the remaining purse amount or, in other words, the spending capacity of the teams. Out of all the IPL teams, Punjab Kings have the heftiest purse (INR 3.45 crore or INR 34.5 million) and INR 5 crore (INR 50 million) of an additional amount approved for the upcoming auction. Chennai Super Kings are next, with a spending capacity of INR 7.95 crore (INR 79.5 million). Royal Challengers Bangalore had saved 15.5 million from the last round, so they now have INR 65.5 million to spend. Rajasthan Royals can spend up to INR 59.5 million as they had saved INR 9.5 million last time. Kolkata Knight Riders have INR 54.5 million, while Gujarat Titans can spend up to INR 65 million this time.

Sunrisers Hyderabad, Mumbai Indians, and Delhi Capitals have got INR 51 million to spend as they had saved just INR 1 million from the previous auction, while Lucknow Super Giants have no previous savings, and hence all they have got is INR 50 million.

IPL auction 2023 date – Summary

While IPL is full of fun and excitement for the viewers, a lot happens behind the scene. The auction is an important part of it; thus, cricket fans have been on the lookout for the IPL 2023 auction date. Well, the wait is over as the IPL auction 2023 date is announced to be 16th December. The franchises have to make the right decisions during auctions – be it purchasing valuable players or releasing the underperformers or over-expensive ones. Sometimes, they cannot help but bid heavily if a player is in demand. It’s a double-sided sword, but if played well, it can lead to glory.

Article Updated on: 07/12/23