IPL 2024 Auction: Bigger, Better, and Record-breaking!

The budget for the IPL 2024 auction is going to increase. According to the BCCI, the next IPL session is all set to create a new record in terms of money.

In franchise cricket, The Indian Premier League (IPL) is the most popular tournament in the entire world. The Board of Control for Cricket in India (BCCI) has come up with fantastic news regarding the 2024 auction, which will make IPL more thrilling. The new season’s IPL auction will have a $100 crore budget, up from the 95 crore of the previous season. Cricket enthusiasts are eager to witness how the action unfolds.

In this blog post, we’ll talk about the IPL 2024 auction and how the franchise will be benefited due to the new announcement.

IPL 2024: Setting New Records with Skyrocketing Budgets:

IPL 2024 is gearing up to be an extravagant affair, as the BCCI has revealed that the budget for each franchise is soaring to new heights. Previously set at 95 crores, the budget has been increased to a whopping 100 crores! This surge in funds means that players will have the opportunity to earn even more and consequently break records in the upcoming auction.

Star Players Shattering Records:

IPL auctions have always been a platform for players to showcase their skills and attract top bids from franchises. In the previous season, names like Sam Curran, Cameron Green, Ben Stokes, and Nicholas Pooran made headlines by fetching bids exceeding 15 crores! These record-breaking deals highlight the fierce competition among franchises to acquire the best talent.

The Race to Host IPL 2024 Auction:

With IPL’s immense popularity, hosting the event is a matter of prestige for the city. The BCCI has selected five cities as the probable host of the 2024 IPL auction. The cities are Mumbai, Jaipur, Ahmedabad, Kochi, and Kolkata. Each city brings its unique charm, fanbase, and state-of-the-art facilities to the table, making the bidding process highly anticipated.

BCCI’s Priorities and Scheduling:

Despite the excitement surrounding 2024 IPL, the BCCI remains focused on the upcoming World Cup. The board has asserted that they will finalize the IPL auction date only after the World Cup concludes. So that the magnitude of the IPL remains the same.

The Anticipation for the Auction:

Cricket fans and experts are eagerly awaiting the auction for next IPL session. The franchises will be keen to invest in the right talent to strengthen their squads because of the increase in budget. The auction date is likely to fall in the third or fourth week of December, adding to the anticipation of cricket enthusiasts worldwide.

Reflecting on IPL 2023:

IPL 2023 saw Chennai Super Kings claim their fifth championship title by defeating Gujarat Titans in a nail-biting final. The thrilling encounters and scintillating performances left fans hungry for more action. Teams have been planning and redesigning their squads ever since to be ready for up coming IPL . The bigger budget will make it more exciting than a year.

Learning from the Past: Scheduling Challenges:

In the previous year, the IPL auction was originally scheduled on December 23 in Kochi. Because of the hotel booking issues, BCCI had to be rescheduled the event. To avoid any such challenges this time, the BCCI is wisely planning to host the auction in a window that is not too close to Christmas. This thoughtful approach ensures a smooth and glitch-free auction process.

Here are some other things to keep an eye on at the IPL 2024 auction:

The retention rules

Retention guidelines for the 2024 auction have not been announced by BCCI. However, franchises may not be able to retain more than four players. It will have a significant effect on some of the top players’ bids.

The new teams

According to the BCCI, two additional teams will join the IPL. Both teams might be qualified to bid in the 2024 auction. This might increase competition for the best players in the auction and open the way for some high-priced additions.

The Impact of the World Cup

The Cricket World Cup 2023 will be held in India in November and December. As a result, cricketers who perform well in the World Cup will be bid heavily by franchise teams in the 2024 IPL auction.

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Conclusion:

As IPL 2024 approaches, cricket enthusiasts are counting down the days to witness the grand auction and the spectacular tournament that follows. With a record-breaking budget, star players shattering previous records, and the race among cities to host the event, next IPL session promises to be an enthralling spectacle. The BCCI’s focus on coordinating with the World Cup and avoiding scheduling conflicts shows its commitment to ensuring a successful season. Let’s eagerly anticipate the 2024 IPL, when legendary cricket players will take the field and multitudes of fans will come together to enjoy their beloved IPL.