IPL 2020 auction on Dec 19 in Kolkata

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Kolkata: The IPL auction for the 2020 season will be held on December 19 this year in Kolkata instead of Bengaluru.

The report adds that the franchises were informed on Monday that the window for trading players will close on November 14.

For the upcoming edition, all the franchises were originally allotted Rs 85 crore to form their teams. However, every franchise will also have an additional budget of Rs 3 crore in addition to the balance in their kitties from the last auction.

The team with the biggest balance is the Delhi Capitals, who have Rs. 8.2 crore. They are followed by Rajasthan Royals, whose balance is Rs. 7.15 crore.

Two-time champions Kolkata Knight Riders have Rs. 6.05 crore to spend, whereas 2016 champions Sunrisers Hyderabad have Rs. 5.3 crore.

Kings XI Punjab have only 3.7 crore but the teams with the lowest remaining balances are Chennai Super Kings (Rs. 3.2 crore), defending champions Mumbai Indians (Rs. 3.05 crore) and Royal Challengers Bangalore (Rs. 1.8 crore).

This year’s auction is the last small one before franchises disband next year and prepare to assemble fresh squads from 2021.

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