IPL 2021: The amount of money left in the purse of each IPL franchise

The Board of Control for Cricket in India (BCCI) has released its guidelines for the auctions of the Indian Premier League 2021 (IPL). The IPL GC has also asked the franchises to submit their list for the retained players by January 21st and has revealed the amount left in the team purse.

Also, the auction is likely to take place in the mid-February after the finals of the Syed Mushtaq Ali Trophy which will take play on 31st January, so that the franchises can scout young talents from the domestic cricket.

Since the BCCI after their AGM on 24th December has approved the idea of including two new teams in the IPL from 2022, so instead of the mega-auction this edition, a mini-auction will be organized ahead of IPL 2021.

Also, the IPL GC has announced that trading window will close on February 4 for the franchises while the authorities are likely to host the auction for the 14th edition on February 11 2021, according to the reports.

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The players had signed a 3-year contract with the franchises in 2018, which already ended in 2020. Thus, before mini-auction, BCCI and franchises will have complete all contractual formalities with those players whom teams would like to retain and also those the teams want to release for the upcoming IPL 2021 season.

The teams can retain three players and can have two more players back using the  Right To March (RTM) card. The purse money must not exceed and the franchises will have to do the task with a total of INR 85 crore money only. Thus the purse left for the mini-auction will be dependent on how much money the teams are left with after deciding on the retained players.

The three-time title winners Chennai Super Kings (CSK) are left with an INR 15 lakh. It is also rumoured that the franchise might release a few capped players as they have to build a strong squad from the scratch after the disaster in IPL 2020.

The defending champions Mumbai Indians have a less amount under their belt with INR 1.95 crore, but they might not disturb with the winning playing XI combination.

Also, Royal Challengers Bangalore (RCB) has only INR 6.4 crores with them, while two-times champions Kolkata Knight Riders (KKR) have a purse of about INR 8.5 crore. The Delhi Capitals (DC) also have INR 9 crores but they also seem not to disturb their young and energetic playing XI and the Sunrisers Hyderabad also boasts of having INR 10.1 crores.

Rajasthan Royals (RR) have INR 14.75 crore purse left while Kings XI Punjab are left with INR 16.5 crore.

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