IPL: The Great auction thread

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A total of 89 players will go under the hammer on Wednesday when 8 franchises bid to get their hands from the contracted pool of players, reports Anand Vasu. More... A total of 89 players will go under the hammer on Wednesday when eight franchises bid to get their hands on the cream of the talent from the contracted pool of players in the Indian Premier League. While senior officials of the IPL refused to reveal details of how the auction would be conducted, the Hindustan Times has learnt that an open bid process is being adopted. Earlier, it was proposed that the auction be held in a closed bid, but the franchises were not in favour of this. “Basically, each of the players will come up for auction one by one, with the eight franchises bidding directly against each other,” a source revealed. “The way it has been structured, the first players to come up for grabs will be a group we have identified as the marquee players.” Although the source could not reveal exactly how many players fit into this top bracket — remember that four of the biggest names, Sachin Tendulkar, Rahul Dravid, Sourav Ganguly and Yuvraj Singh are not available for auction being designated icon players in cities that have IPL teams – players like Ricky Ponting, Chris Gayle and Mahendra Singh Dhoni are expected to be high on the list. Dhoni, originally named an icon player, is now free to be auctioned off since no franchise is based in his home state of Jharkhand. The franchises who won Hyderabad and Delhi have already submitted a request to the governing council of the IPL asking that VVS Laxman and Virender Sehwag be included in the list of icon players but a decision had not yet been reached on the matter. Once the marquee players are sold off, the auction will then move category wise, split up into bowlers, batsmen, wicketkeepers and so forth. While the IPL has not officially announced which of its 89 players fit into the marquee category, it is understood that a gradation system has been developed internally wherein players will be split into categories A to F depending on their cricketing skills and achievements. Then the names of all players from one category will be placed in a bowl, and chits drawn at random. It promises to be day of big spending, with each franchisee having to shell out a minimum of US$3.3 million and a maximum of US$ 5 million for the players it will get in its roster from the auction. At this stage, however, there is no option of trading players between teams. Once a team has secured the services of a player he will not have the option of moving for at least a year. At the end of the first year, a player can be sold to another team, and the IPL will have no involvement in this. “It’s a complete free market situation,” an official revealed. “The IPL will not be involved in any way, will not receive a percentage fee or any such thing, and there will be direct dealing between the seller and buyer.” Richard Madley, a leading auctioneer from the UK and a director of Dreweatts, the UK’s largest regional auction house, will conduct the auction. UPDATED SQUADS Jaipur Shane Warne (US$ 450,000), Graeme Smith (US$ 475,000), Younis Khan (US$ 225,000), Kamran Akmal (US$ 150,000), Yusuf Pathan (US$ 475,000), Mohammad Kaif (US$ 675,000), Chennai MS Dhoni (US$ 1.5 million), Muttiah Muralitharan (US$ 600,00), Matthew Hayden (US$ 375,000), Jacob Oram (US$ 675,000), Stephen Fleming (US$ 350,000), Parthiv Patel (US$ 325,000), Joginder Sharma (US$ 225,000), Albie Morkel (US$ 675,000), Suresh Raina (US$ 650,000) Mumbai Sachin Tendulkar (icon), Sanath Jayasuriya (US$ 975,000), Harbhajan Singh (US$ 850,000), Shaun Pollock (US$ 550,000), Robin Uthappa (US$ 800,000) Bangalore Rahul Dravid (icon), Anil Kumble (US$ 500,000), Jacques Kallis (US$ 900,000), Zaheer Khan (US$ 450,000), Mark Boucher (US$ 450,000), Cameron White (US$ 500,000), Wasim Jaffer (US$ 150,000) Hyderabad Adam Gilchrist (US$ 700,000), Andrew Symonds (US$ 1.35 million), Herschelle Gibbs (US$ 575,000), Shahid Afridi (US$ 675,000), Scott Styris (US$ 175,000), VVS Laxman (US$ 375,000), Rohit Sharma (US$ 750,000), Chamara Silva (US$ 100,000) Mohali Yuvraj Singh (icon), Mahela Jayawardene (US$ 475,000), Kumar Sangakkara (US$ 700,000), Brett Lee (US$ 900,000), Sreesanth (US$ 625,000), Irfan Pathan (US$ 925,000) Kolkata Sourav Ganguly (icon), Shoaib Akhtar (US$ 425,000), Ricky Ponting (US$ 400,000), Brendon McCullum (US$ 700,000), Chris Gayle (US$ 800,000), Ajit Agarkar (US$ 330,000), David Hussey (US$ 675,000) Delhi Virender Sehwag (icon), Daniel Vettori (US$ 625,000), Shoaib Malik (US$ 500,000), Mohammad Asif (US$ 650,000), AB de Villiers (US$ 300,000), Dinesh Karthik (US$ 525,000), Farveez Maharoof (US$ 225,000), Tillakaratne Dilshan (US$ 250,000), Manoj Tiwary (US$ 675,000), Gautam Gambhir (US$ 725,000)

[King]

I hope they have a reserve price for every player otherwise some players may not get any offers at all :D

[Guest HariSampath]

How much will the following fetch ? Dhoni, Gayle, Murali, Symonds, Ponting, Warne, Lee, ( any other top tiers ? ) these will be worth 200,000 to 500,000 dollars easily I guess ...maybe Pietersen, Herschelle Gibbs, Smith , Steyn would fetch lots too..and...Sangakkara, Mahela, Lasith Malinga.. I would probably dont mind 150,000 for Gayle , Symonds, 200,000 for Dhoni, Gibbs, Ponting and maybe even 300,000 for Murali, ....( maybe Dhoni and Lee too can fetch 300,000 , star and brand value) Aggy going for $2 ...but no takers :D

[Guest Hiten.]

8 Franchises and 89 players are up for sale. 89/8 ~ 11.... So there are no reserve players in the squad ? :giggle:

[Bumper]

I thought ICL already allocated $$$ per player (IIRC, they were mostly in the $300K-$500K range. Whats with this auction ? What are the teams bidding for ?

[Guest HariSampath]

^...IPL had allotted money only for 4-5 icon players, rest either just play for their own franchisees or can be bid for in auction ( including overseas players and those without local team like Dhoni , Pathan etc

[Chandan]

IPL roundup - IPL auction: how much is too much? Anand Vasu New Delhi THE QUESTION Richard Madley will ask at the grand IPL auction in Mumbai on Wednesday is: What price will you pay for Ricky Ponting? The question each of the eight franchisees, hoping to hire the best talent for their teams, is just how little can they pay and get away with it. In setting the floor price for spending on a team at $3.3 million, and capping it at $5 million, the IPL has tried to ensure that teams are evenly matched and the big spenders don't walk away with all the goodies. At one end of the spectrum, people are contemplating whether the $500,000 mark will be breached for an individual player and at the other, it's hard to see just how such numbers are justifiable. In auction situations, traditionally, an object's value is determined by how badly someone wants it, rather than what it is intrinsically worth. For example, if Vijay Mallya (Bangalore) and Mukesh Ambani (Mumbai) both decide that they simply must have Shane Warne, there's no saying what his price tag could be. But, and there is already chatter that representatives of different teams are in informal talks about certain players to ensure that the auction doesn't overheat, if companies decide to come together, and stick to what they say, there is no reason why anyone should spend more than the floor price of $3.3 million. However, nothing about the IPL has been based on cold financial logic so far. Bidders shelled out well in excess of what was expected when they bought teams, and the television rise sold for almost double the base price. It's hard to see why the player auctions won't go the same way, but equally, it's tough to see why players should receive such a premium. Currently, the highest grade retainership in the Indian cricket team is worth Rs 60 lakh. Per Test, a player gets 3.2 lakh and each ODI earns him 2.2 lakh. Assume Sachin Tendulkar plays 30 ODIs and 10 Tests in a year This translates to a pay of 158 lakh (including the retainer but excluding bonuses, prize money etc) for 80 days of work. In essence, this means Tendulkar's pay per playing day is Rs. 1.975 lakh. The numbers floating around for the IPL start at some $400,000 for a maximum of 16 playing days. That works out to Rs 10 lakh per game, or an almost 500% increase from what he is paid to play for India. Even taking into account this is a free-market scenario, the numbers don't add up. What's more, the players stand to benefit big time in terms of personal endorsements given the viewership and advertising heat the IPL is generating. For the players, it seems like a certain jackpot at the auctions, for the franchisees, though, it will be another day when they reach for their cheque books, and buy themselves a slice of the feel-good factor and brand association that the IPL will provide, but can scarcely be justified in a balance sheet.

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Ground rules for the IPL Auction With 77 players set to go under the hammer today in the DLF IPL Auction, the league lays down its guidelines based on which the auction will be conducted. More... Hindustan Times New Delhi, February 20, 2008 First Published: 09:45 IST(20/2/2008) Last Updated: 09:51 IST(20/2/2008) The DLF Indian Premier League on Tuesday, issued a set of uniform guidelines to all its eight franchisees giving them a clear overview of the process and rules of the DLF IPL Player Auction. The Player Auction will be a private auction, conducted by an independent professional auctioneer Mr. Richard Madley who will also be the sole arbiter as to all aspects of the Auction. The auction is scheduled to take place at the Regal Ball Room of the Hilton Oberoi in Mumbai, on Wednesday February 20th 2008 and will commence at 11am. Each Franchise will have a table in the room with a computer screen provided. The auction will not be broadcast live as Sony is the exclusive broadcaster. However, Sony will release edited highlights of the auction to the media as breaking news at the end of each segment of the auction. Format of the auction: The Auction will be an open auction with each player being individually put up for bidding by the franchises. The highest bid that is accepted by the auctioneer shall be the buyer at that price. There are around 78 players in the Auction – a combination of Indian national team and foreign cricketers. Each player has an annual "base player fee". The base player fee will be the fee at which the bidding for that player starts. This base player fee assumes that the player is available for the entire season of the DLF Indian Premier League season, including if applicable the Champions Tournament. This fee will be adjusted on a pro-rata basis, depending on the players availability for the DLF IPL season in the first year. Each Franchise has a total "purse" of up to $5m that it can spend on the Auction for players for 2008. Franchises will not be able to make a bid for a player that would take them beyond this total purse. Players in the Auction will be arranged into "sets" of approximately 12 according to their base player fee, their cricketing specialism and their expected availability for the 2008 DLF IPL season. Interestingly, if a player who on the day of the Auction, is expected to be unavailable in 2008 subsequently becomes available (e.g. through retirement, non-selection by national team or tour cancellation), provided offcourse that the player is able to obtain a No Objection Certificate for the 2008 season from his home board, such player may, at the DLF IPL's discretion, could become part of the relevant Franchise's squad for that season. In advance of the Auction, Franchises will be issued a list of the players that will be auctioned, the composition of the sets and the order in which the sets will be auctioned. For each player, the following information will be included: name, nationality, specialism, base player fee, and expected "percentage availability" for the 2008 DLF IPL season. The minimum "percentage availability" for any player included in the Auction will be 25%. Thus even if a player is expected to be either completely unavailable or only available for less than four of the DLF IPL matches in 2008, 25% of the player fee bid for that player in the Auction will count against the $5m purse. For example, the purchase for $400,000 of a player, who is expected to be completely unavailable in 2008, will cause a deduction of $100,000 from the Franchise's overall $5m purse. Within the sets, the order that players will be presented for auction will be determined by a random draw that will take place in the Auction room. Each player will be the subject of an open auction with the auctioneer controlling the process. Bidders will raise a paddle to indicate a bid (only one official bidder per Franchise). Each bid will represent the player fee per season to be paid by the Franchise to the player for each of the seasons 2008, 2009 and 2010, ignoring any periods of unavailability. Once made, no bid may be withdrawn. Bidding increments will be as follows: bids up to $100,000 – increments of $5,000 bids from $100,000 to $250,000 – increments of $10,000 bids from $250,000 to $500,000 – increments of $25,000 bids in excess of $500,000 – increments at the auctioneer's discretion. As each player is sold, the Franchise will be required to sign a form confirming the terms of the agreement (name of player, player fee agreed). The player fee will be deemed to include any fee that may be payable to the player's agent. Following the conclusion of each set, there will be a break to allow Franchises time to re-evaluate their tactics. Players for whom no bids are received when they are initially presented for auction will be placed in a final set and will be re-presented for auction once all of the initial sets have been concluded. Franchises may not buy foreign players in advance of the Auction (whether such players are amongst the list of players to be auctioned or otherwise). After the Auction, Franchises are free to purchase additional foreign players subject to the franchises informing the BCCI / DLF IPL of any such additional foreign players. The BCCI/DLF IPL will approach the desired players on behalf of the Franchise in an attempt to negotiate the contracted fee up to an amount set by the Franchise, and will endeavour to obtain a No Objection Certificate from that player's home board. If more than one Franchise is interested in a particular player, the DLF IPL may hold a further Auction to determine which Franchise will sign that player. The fees paid to any such additional foreign players for 2008 (when added to the total player fees for 2008 committed by the Franchise in the Auction) must not exceed the maximum purse of $5m. Indian players who are not in the Auction can be signed at any time. The player fees of any Icon players (at the date of publication of these rules, Tendulkar, Dravid, Ganguly, Yuvraj) – being 115% of the highest player fee in that Franchise's squad – will count towards the maximum purse of $5m. The contract with the player will be for a fixed term of three years. The Franchise is obligated to sign both agreements in respect of players that it buys during the Auction. Note that the player fee is inclusive of the fee that is due to the player's agent. DLF IPL Squad rules : Each DLF IPL franchise squad must have a minimum of 16 players per squad. This will include a maximum of 8 currently available foreign players per squad (any foreign players in a Franchise's squad who are not available for any reason will not count towards the total). Each franchise can have a maximum of 4 foreign players in the playing XI for each match. The squad will additionally consist of a minimum 4 under 22 players (the catchment players and the Indian national players if so qualified can be counted for the purpose of this rule. Foreign players may not be counted for the purpose of this rule). These players must be under 22 years old on 1 April of the relevant season.

[Guest HariSampath]

The Great auction thread ! So it is about to beigin in one hour. 8 men representing their Franchises in IPL will be in the market, trying to buy the cricketers , and getting the best deal. 85 cricketers, including some of the top cricketers in the ODI world, names like Gilchrist, Lee, Ponting, Gayle, Dhoni, and a host of other Indian and international cricketers up for grabs. 8 teams backed by some of the bigger financial powerhouses in the fray to compete for them. Each man representing his team walks into the Hilton towers with $ 5 millions, with a target to meet, get the best deal for his bosses/team with that money, it is the same amount for everyone. The glamour factor is present too, with Shah Rukh Khan and Preity Zinta , 2 of the 8 players, playing out this card game...the stakes are high. The players /bidders in this game have to be smart and sharp on how they play their cards with the money on hand . Do they go all out and bid all their money for one Gilly or McGrath or Dhoni ?who do they bid for to win them games ? How much they want to spend max for one player ? How much to spend for star/brand value ? who will bring in crowds and also win games ? These are the questions the professional bidders will be seeking to answer. Is spending $ 1 million for Gilly a better deal or spending it to win 3-4 players like Pathan, Rohit Sharma , Kaif , RP Singh or Int'ls like Hayden, Langer, Bracken, Vaas, Malinga, Murali, Jayawardene ?? Who are the best picks and catches ? Top Int'l cricketers like Dravid, Kumble, Ganguly and Sachin are already advising their franchises on how to go about this, who to pick and who is worth how much. All these would be following the auction online and give expert consultancy to their respective teams like Mumbai, Kolkatta , Bangalore. Minimum bids start with base price of $ 175,000 for top players, but expected to go far higher. Each player will be picked from a group, with a name pulled out of a set of slips with names on them, one player at a time. Who will the next name be ? How much should I bid for this, or wait for next one ? How much will the other guys bid for this player, and which other franchises will be the top competitor's for my highest wanted men ? When should I outbid ? what are my best second options if I dont win my top bid ? If I wait to bid for McGrath later and let go of Bracken now, will I regret it if I lose McGrath later ? Should I take Malinga who is coimng up now for $ 500,000 or wiat and try to bid for Bret Lee at probably $700,000 ? and will I win Lee or be outbid, and will I be left with too little money for very effective players or too much money with no good bids won ? This is certainly like a game of cards !!! Dhoni at $ 800,000....that gentleman in grey suit to the left of the room ....$ 850,000 to the gentleman with a red tie to our left....Once...twice...anyone wanna beat Dhoni at 850,000 ? once ,....twice...:D Lets GO !!

[Desi Cartman]

The glamour factor is present too' date=' with Shah Rukh Khan and Preity Zinta , 2 of the 8 players, playing out this card game...the stakes are high.[/quote'] isnt it funny that Shah rukh khan swore couple of months ago about never entering a BCCI premises. I think the fav ones are McGrath, Gilly , UV , Gibbs & Gayle. :scooter:

[Guest HariSampath]

Former India captain Sourav Ganguly arrived in Mumbai on Tuesday night and headed straight to actor Shah Rukh Khan's residence to discuss issues related to Kolkata team, one of eight city-based outfits competing in the Indian Premier League (IPL) in April. Ganguly, one of the icon players at the newly launched IPL, will be playing for Kolkata, whose franchise has been bagged by Khan's production house Red Chillies Entertainment. Khan had on Monday played host to Pakistan's paceman Shoaib Akhtar and seemed keen on keeping the speedster in his team. The stylish left-hander and Khan are likely to hold discussion at the latter's residence `Mannat' in suburban Bandra regarding the team composition ahead of tomorrow' auction of players in Mumbai. IPL's Twenty20 cricket championship will be played between April 18 and June 1 among the eight city teams in various parts of the country. Around 80 to 85 international players are to go under the auctioner's hammer when team franchises - with owners ranging from top industrialists Mukesh Ambhani and Vijay Mallya to Khan and Preity Zinta - will bid for cricketers.

So, SRK wants to get Shoaib for Kolkatta, but the Pakistan star had earlier expressed a wish to stay in bandra, Mumbai...how will SRK fix this and still get Akthar ? Is this system really fair ? Many top cricketers may have wishes to play for a particular side. Warne may want to play for Mumbai, so that he can be in the same side as Sachin, ( and not get smashed probably) but also Warne may never get a chance to share a dressing room with Sachin except in IPL, and Sachin too may want him. But if Mohali outbids everyone, should Warne be compelled to go there ? What about Muralitharan ? He has Chennai connections, he is a star bowler and a Tamilian, his wife too is from Chennai..Would Chennai coax Malar Muralitharan to ask her hubby to stay with Chennai ? But if Jaipur outbids everyone ? What about resale value ? would teams pick up stars like these and hope to make a huge "profit" next year by selling them to a franchise who very badly wants them ? I do think players should be given a good enough choice to play for a team they like to .

[Desi Cartman]

why would someone want CHAkthar in his side ...

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IPL Players' Auction begins in Mumbai Representatives of the IPL teams are walking in the Auction Hall with the hope of making the best catch as the day progresses. More... G Krishnan, Hindustan Times Mumbai, February 20, 2008 First Published: 10:54 IST(20/2/2008) Last Updated: 11:43 IST(20/2/2008) 11:38 am: The IPL Player Auction has begun just now. The door of the Auction Hall has closed. Among the last 'guests' to arrive is Preity Zinta, who was part owner of the Mohali Franchise. The IPL organisers are briefing the team owners about the auction procedure for one final time. So, finally, the floor is open. Let the auction begin! 11:26 am: All is in readiness for the start of the IPL Players Auction. It is nearly half an hour past the scheduled start and still some more 'guests' have to arrive. The word from the event management group is that the members inside are discussing inside the Auction Hall as they get ready for the first-of-its-kind auction. "It will start in 10 minutes" is what one Public Relation Officer says. Meanwhile, the media centre is noisy with all the television channels going on air with their views on the IPL. The time is 11 am, the start of the first ever cricket players' auction. The door of the Auction Hall is still not closed. Still some more important people to walk in, though there is no official confirmation on the same. Former India captains Sourav Ganguly and Rahul Dravid, icon players for their respective IPL teams, Kolkata and Bangalore, arrived at the Auction Hall 45 minutes before the scheduled start. Representatives of the IPL teams are walking in with the hope of making the best catch as the day progresses. With the first of its kind in India where cricketers are put up for sale, everyone is excited about the auction. IPL chairman Lalit Modi ensures that everything is in order. And drops in at the adjacent already-busy media centre to ensure all is in place.

[Guest HariSampath]

6 marquee players to go under the hammer first, auction has started. Murali, Ponting, Jayawardene, Gayle, Akthar , Dhoni etc to go under first...

[Guest HariSampath]

Ponting and Symonds high on Bangalore, Jaipur and Chennai list... Akthar high on Kolkatta, Afridi high on Mohali, Delhi Jayasuriya and Sangakkara have been spoken to by N Srinivasan, Chennai owner more tidbits drifting in.....

[Guest HariSampath]

Chennai WINS DHONI :yay:

[Guest HariSampath]

Jaipur wins warne...Gilly goes to Hyderabad !!!!!!!!!!

[Guest HariSampath]

Chennai wins Murali too :yay: Chennai has started off with a BANG in the bidding !!!!!!!!!! GO CHENNAI !!!

[Guest Hiten.]

Any news on MUMBAI ???? come on hari bhai stop being so god damn bias :P where are you following the action bhai ?

[Guest HariSampath]

Dhoni won for 1.5 millions Jayawardene for 475,000 by Mohali Warne by Jaipur for 425,000 Muralitharan by Chennai at 600,000 Gilly by Hyderabad for 700,000 Akthar by Kolkatta for 450,000