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The IPL show moves on.
The IPL player auctions are scheduled for January 8 and 9 in Bangalore. Over 400 players will go under the hammer.
Each team has a cap of $9 million to be played with.
Only two teams have opted to retain their full complement of four players—Mumbai Indians and Chennai SuperKings. Their kitty is whittled down to $4.5 million.
The cricketers have been classified into six brackets—ranging from $20,000 to $400,000.
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Pay packets in IPL4 will be much leaner than in the past three editions.
The simple reason is that supply now exceeds demand.
With the reduction in the no. of IPL teams to eight and Kochi showing no signs of having their house in order for the 6 pm deadline on Wednesday, 20th October 2010, IPL4 will be a much leaner, much meaner tournament.