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The second IPL auction for foreign players took place in Mumbai on 11 March 2008. 26 players including unsold players from auction-1 signed up for the auction. The base price was set at US$ 50,000. [ 10 ] [ 11 ] 14 players were sold in the auction.
The auctions for team ownership was held on January 24, 2008. Mumbai was the most expensive team, costing over US$ 111.9 million. [5] For the inaugural IPL season, each team had a salary cap of US$5 million (Rs. 20 crore approx.). Sachin Tendulkar, Sourav Ganguly, Rahul Dravid, Yuvraj Singh and Virender Sehwag were classified as icon players ...
IPL was established in 2008 [6] and currently consists of ten teams in ten cities across India. The inaugural IPL season was won by Rajasthan Royals. [10] As of 2024, there have been seventeen seasons of the IPL tournament. [11] [12]
The auction price represents the player's salary. ... India cricket officials decided to launch a home T20 league in 2008. IPL teams are based on states or cities. What is the IPL auction?
The cap was set at A$1.25 million for 1987–1989 as per VFL agreement, with the salary floor set at 90% of the cap or $1.125 million; the salary floor was increased to 92.5% of the cap in 2001, and to 95% of the cap for 2013 onwards due to increased revenues.
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They were not a part of the first IPL players auction, which was held in 2008. They played for the team they were assigned to. The icon players received 15% percent more money than the highest-paid player of the team bought in the auction. [ 1 ]
Royal Challengers Bangalore (RCB) is a franchise cricket team based in Bangalore, India, which plays in the Indian Premier League (IPL). They were one of the eight teams that competed in the 2008 Indian Premier League. They were captained by Rahul Dravid. Royal Challengers Bangalore finished seventh in the IPL and did not qualify for the ...