Internet Desk: The much awaited Indian Premier League auction for the 2017 season will be held on February 20 in Bengaluru, the Board of Control for Cricket in India (BCCI) said in a statement on Friday. As many as 750 players will go under the hammer at the Ritz-Carlton hotel ahead of the tenth season of the cash rich T20 league.
BCCI also announced that the auctions will be held on a single day. There will be a workshop for the IPL franchises on the following day after the auction. With each team allowed to field 27 players in their squad (including nine overseas), a maximum of 76 players (including 28 overseas) can be bought at the auction to fill up the quota.
Kings XI Punjab hold the largest purse (INR 23.35 Crs) followed by Delhi Daredevils (INR 23.1 Crs) whereas Mumbai Indians have the least (INR 11.55 Crs) to spend. BCCI had already released the list of retained players on December 19, 2016. The tournament will begin on April 5 with the final slated to be held on May 21.
The details of balance purse and squad formation is as under:
