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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 ...
The salary cap of the entire squad have been allotted a purse of ₹120 crore each. [58] ... From 2008 to 2012, the IPL title sponsor was DLF, ...
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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10 years (2008–2017) $275,000,000 $27,500,000 $169,753 [30] 30 ... Salary cap; Gaius Appuleius Diocles; List of most expensive association football transfers;
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]