Remaining Purse of Franchises

IPL 2021 Auction: 85 Cr purse limit set for IPL franchises

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The Indian Premier League (IPL) 2021 auction is scheduled to take place on February 11 and the board has set January 20 as the deadline for sending the list of retained and released players to the eight franchises. It is now final, however, that no mega auction will be conducted for the 14th edition of IPL (IPL 2021), rather the mini-auction will be conducted by BCCI.
IPL Teams Player Purse Size limited to 85 Cr: IPL GC has agreed not to raise player purse size, franchises will have to shop with the same 85 Crores purse limit as was the case in IPL 2019-20.

“We are not increasing the purse size for the franchises. 85 Crore will be the limit for IPL franchises to make their teams for IPL 2021′, confirmed IPL GC Chairman Brijesh Patel

How Auction 2021 will work?

  • By January 20, each franchise will send a list of released and retained players.
  • The purse for the mini-auction would depend on the fact that the teams are left with how much money after deciding on the retained players.
  • BCCI has agreed to keep the purse for players limited to 85Cr per team to purchase the players.

Remaining Purse of Franchises:

Chennai Super Kings (Remaining Purse- Rs 0.15 crore)

As previously reported by MS Dhoni, CSK wants to revamp their squad. The only alternative that CSK has at its disposal is to release existing players in order to maximize their wallet size. Only CSK will then be able to purchase the players at the auction. Of all the franchises, they have the lowest remaining purse, i.e. just 15 Lacs.

Mumbai Indians (Remaining Purse; 1.95 crores)

Mumbai Indians are sitting very pretty at this point with a very well-settled squad 5 times champions. No big chopping, no adjustment is expected, so there is no stress on the current wallet size, i.e. 1.95 Cr.

Royal Channel Bangalore (Remaining Purse: Rs 6.4 crores)

Some players such as Dale Steyn, Parthiv Patel have already withdrawn from IPL 2021, so RCB will have a larger wallet for the IPL auctions available with them. In order to increase the money in the pocket, they may further release a few names like Umesh Yadav.

Kolkata Knight Riders have some major salaried players in their squad (Remaining Purse: Rs. 8.5 crores)

Cummins, Russell, Narine, Karthik, Kuldeep Yadav all have big salaries, some of which KKR may drop to increase the size of the purse. The possibility of losing Dinesh Karthik and Kuldeep Yadav on IPL contracts has already been recorded by InsideSport.

Kings XI Punjab (Remaining Purse: Rs. 16.5 crores)

KXIP also has some major international salaried hires like Glenn Maxwell, just like KKR. Maxwell and a few others are likely to be released by KXIP to put more money into their wallet so that they can buy favourite players during the auctions.

 Sunrisers Hyderabad (Remaining Purse: Rs. 10.1 crores)-

SRH must also raise their squad from a few angles. They currently have 10.1 Cr left in the player purse and can release a few large weapons to increase the wallet to at least 20-25 Cr.

Rajasthan Royals (Remaining Purse: 14.75 crores)

RR finished in No.8th position after a promising start to IPL 2020. By ending the partnership with a few major names like Steve Smith, RR’s new investors are likely to take some hard calls. To do the fresh purchasing, RR is eyeing wallet-size 25Cr.

Delhi Capitals (Remaining Purse: 9 crores)

Like Mumbai Indians, there is no urgent need for the Delhi Capitals to chop and change the team. The runners up of IPL 2020 will sit easy and are unlikely to be very active in IPL Mini Auctions.

How will players be kept or released by franchises before the IPL 2021 mini-auction?

At present, the current group of players have a contract with the franchises until IPL 2020. Before the BCCI mini-auction and franchises, contractual formalities for those players that teams would like to retain for the IPL 2021 season will be completed.

  • The deadline for doing the same is 20 January.
  • Franchises are also permitted to trade players with other IPL franchises.

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