The auction process

The auction will be a private auction and will be conducted by Richard Madley. Each player will be presented individually for auction.

The bidding will commence at the reserve price for that player contained the in player register.

The maker of the highest bid for each player will secure the player at that price.

The price will bid will be the player's fee for each IPL season, including the Champions League T20 tournament if the team qualifies.

The franchises cannot make bids which would take them beyond the remaining balance of their salary cap.

The players will be grouped into sets with the marquee players being auctioned first.

A random draw will take place to determine the order in which players are auctioned within set.

Any player who is not bid for when presented for auction may be re-presented at the discretion of IPL once the initial sets have been concluded.

This procedure may be varied by IPL when the auction reaches the stage at which the number of franchises with resources left to bid has significantly reduced.