New Delhi, Oct 1: Indian Premier League (IPL) players' auction for the IPL 2020 season will be held in Kolkata for the first time on December 19.
The West Bengal capital is home to the Kolkata Knight Riders, co-owned by Bollywood star Shah Rukh Khan. The auctions have mostly been held in Bengaluru so far.
"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 in Mumbai.
While the franchises were allotted Rs 82 crore each for IPL 2019, Rs 85 crore per team has been earmarked for the 2020 season.
Every franchise will also have an additional purse of Rs three crore in addition to the balance in their kitties from the last auction.
The franchises were originally allotted Rs 85 crore to build their teams for 2020. Every franchise will also have an additional purse of Rs three crore in addition to the balance in their kitties from the last auction.
Delhi Capitals have the biggest balance -- Rs 8.2 crore, followed by Rajasthan Royals at Rs 7.15 crore and Kolkata Knight Riders at Rs 6.05 crore. This year's auction is the last one before the franchises disband next year and prepare to assemble fresh squads from 2021 at a mega auction.
The cash-rich domestic league will begin in April next year event usually runs between April and May every year.
Timings: The auction proceedings begin around 3 pm in the evening until the franchises are done with their purchases.
Here are the funds left with franchises ahead of IPL 2020 auction:
Chennai Super Kings - Rs 3.2 crore
Delhi Capitals - Rs 7.7 crore
Kings XI Punjab - Rs 3.7 crore
Kolkata Knight Riders - Rs 6.05 crore
Mumbai Indians - Rs 3.55 crore
Rajasthan Royals - Rs 7.15 crore
Royal Challengers Bangalore - Rs 1.80 crore
Sunrisers Hyderabad - Rs 5.30 crore.
(With PTI inputs)