Unsold IPL players to be auctioned online
The Indian Premier League will facilitate auctioning of unsold players online to the franchises through open trading from Monday. "Franchisees which have slots to fill in the foreign quota of 11 players can bid online for the unsold ones from Monday through the open trading session," IPL chief executive Sundar Raman told reporters here Saturday after the IPL 2012 auction.
Of the 144 players, including eight Indians and 136 foreigners that were put for sale at the mini-auction Saturday, only 25 of them, including six Indians were bought for a collective sum of $11 million by the eight franchisees that participated in the auction.
"Of the 119 unsold players, only two are Indians - star batsman VVS Laxman and pacer VRV Singh and the remaining are foreign. Franchisees can inform us which player they want to bid for with due intimation to their counterparts and at what price so that they can fill up the vacancies," Rajan said.
According to revised rules, each franchise is entitled to have 11 foreign players out of the 33 they can buy though only four of them are eligible to play in the T20 match. Of the eight franchisees, Mumbai and Delhi have completed their quota of 11 foreign players, while CSK, Kings XI Punjab, RCB, Rajasthan Royals, Kolkata Knight Riders and Deccan Chargers have one or two slots to fill with foreign players.