The IPL auction: what you should know, and what you can expect
A look at how the IPL teams stack up before the IPL auction, what their purses look like, and how they could spend the money available to them
The fact file
Squad composition: The squad size has been fixed to a minimum of 16 and a maximum of 27. Franchises may have a maximum of nine overseas players. There is no requirement that an IPL squad must contain players from the franchise's catchment area.
Cost and contract: Teams cannot spend more than INR 66 crore each on their squad. This purse has been reduced by players retained and already traded, and by the way of the player draft for the two new teams. Every player bought at the 2016 auction will be on a one-year contract with the franchise having the option to extend the term for one more year.
Player retention: The window of player retention and trading closed on December 31. Daredevils and Sunrisers let go off the most players, and so now have the biggest chunk of their purse available: Daredevils INR 37.15 crore, Sunrisers INR 30.15 crore. As the two new teams didn't have any players to begin with, they were allowed to pick five players each for a fixed price at the draft; they now have INR 27 crore each remaining in their purse.
Composition of the pool: Of the 351 players up for auction, 230 are Indian. Two are from ICC associate nations: Irish allrounder Kevin O'Brien base-priced at Rs 30 lakh and Canadian allrounder Nikhil Dutta at Rs 10 lakh. Of the 351 players, 219 are uncapped; 204 of these uncapped players are Indian. Among the 130 players who have been capped by ICC Full Members, Australians outnumber Indians by 29 to 26. As expected West Indies follow closely with 20, followed by South Africa and Sri Lanka's 18 and 16.
Big Picture
Marquee players
How the teams stack up
Delhi Daredevils
Players retained: 13; five foreigners Auction purse remaining: Rs 37.15 crore
Can buy a maximum 14 players including four non-Indians. Can make do with as few as three players. If Zaheer Khan and Mohammed Shami are both fit by the time the IPL starts, they already have a decent attack with Nathan Coulter-Nile, Amit Mishra, Imran Tahir and Shahbaz Nadeem also retained. It's the batsmen they will be after, to team up with Quinton de Kock, JP Duminy and Shreyas Iyer.
Players picked up at the draft: Five; three foreigners
Auction purse remaining: Rs 27 crore
Suresh Raina, Ravindra Jadeja, Brendon McCullum, James Faulkner and Dwayne Bravo can be the nucleus of a really strong T20 team, but they will need to build the rest of the squad in just Rs 27 crore. They can't be looking at more than two big-name signings, perhaps a batsman and a bowler each. Their acumen will come through in how they pick the less famous.
Players retained: 14; four foreigners
Auction purse remaining: Rs 23 crore They have the big-hitting capabilities of Glenn Maxwell, David Miller and Shaun Marsh, but they are in need of big-name bowlers to partner Axar Patel and Mitchell Johnson. Indian batsmen too will be on their agenda. They are likely to vie for Shane Watson and Dale Steyn. Not to mention they released George Bailey, which means they need a new captain.
Players retained: 15; six foreigners
Auction purse remaining: Rs 17.95 crore
Ever since they spent big in 2010, Knight Riders have been a settled unit. Ten of the 11 players that played their last match remain in the squad. Their big loss is Jacques Kallis. They have one allrounder in Andre Russell, but they could go after Shane Watson in a big way if that's the only player they can buy. And they need just one more to constitute an IPL squad.
Players retained: 19; six foreigners
Auction purse remaining: Rs 14.40 crore
The defending champions have retained the XI that won the final. Jasprit Bumrah, another retainee, didn't even play that final. They will be the kids at school who have finished their homework with the potential of disrupting others or putting their heads down and studying extra. They might want to look at a possible back-up for Lasith Malinga, whose fitness cannot always be relied upon.
Players picked up at the draft: Five; two foreigners
Auction purse remaining: Rs 27 crore
Fast bowlers. Bowlers with long run-ups. Yet another MS Dhoni team will go to the selection table looking for fast bowlers. Dale Steyn and Mustafizur Rahman are some of the bigger names they might be interested in, but mostly they will be the ones looking for smart buys just like Lions.
Players retained: 14; five foreigners
Auction purse remaining: Rs 21.62 crore
What Royal Challengers have: dazzling stroke-makers in AB de Villiers, Chris Gayle and Virat Kohli; the best white-ball quick in the world, Mitchell Starc; tearaways Adam Milne and Varun Aaron. What Royal Challengers don't have: A title, and a balanced squad. They have a decent amount left in their purse to go in for allrounders and bowlers, and we know money available with Royal Challengers makes for a fun auction. How far will they go for Yuvraj Singh?
Players retained: 15; five foreigners
Auction purse remaining: Rs 30.15 crore
They have always been short on Indian hitters; the money saved by letting Dale Steyn go could come in handy. They could even just go for a big hitter from outside India. Kevin Pietersen might be high on their list.
- *INR 1 crore = INR 100 lakh = INR 10000000 = USD 148 thousand approx
INR 1 lakh = INR 100 thousand = INR 100000 = USD 1480 approx
Sidharth Monga is an assistant editor at ESPNcricinfo