The IPL has started the process for the upcoming mini-auction by asking the ten franchises to submit their list of retained players by November 15. While a date for the auction has not yet been finalized. It is expected to be held in the third week of December.

Unlike the mega auction last year, when two new franchises were added and the old teams could retain a maximum of four players. There is no such cap for the mini-auction ahead of IPL 2023. In addition to the money left over from the previous auction. Each team will have an additional INR 5 crore to spend, making the overall auction purse INR 95 crore.

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Remaining money in a purse for each team for Mini IPL Auction

Punjab Kings had the largest purse left – INR 3.45 crore – after last year’s auction, while Lucknow Super Giants had exhausted their entire purse. Chennai Super Kings had INR 2.95 crore remaining, followed by Royal Challengers Bangalore INR 1.55 crore, or approx. Rajasthan Royals INR 0.95 crore or approx. and Kolkata Knight Riders INR 0.45 crore. Defending champions Gujarat Titans have left with INR 0.15 crore. While three teams – Mumbai Indians, Sunrisers Hyderabad, and Delhi Capitals – had INR 0.10 crore.

Despite franchises having smaller purses, mini-auctions have produced some of the most expensive buys in the past. At the 2021 auction, South Africa fast bowler Chris Morris became the most expensive player after Royals bought him for INR 16.25 crore. Which was INR 25 lakhs more than Delhi’s winning bid for India allrounder Yuvraj Singh in 2015.