IPL 2018 auctions set to take place in January

Pune: In a recent development, it has been announced by the Board of Control for Cricket in India (BCCI) that the auctions for the upcoming edition of the Indian Premier League (IPL) would take place on  January 27 and 28 in Bengaluru.

"Since most of the capped players will be back in auction, it will be a mega auction that will be held in Bengaluru on January 27 and 28. Since Bengaluru has been hosting all previous auctions, that was the choice of franchises," a senior BCCI official told PTI on Tuesday.

This year's auction will see teams having an increased budget of Rs 80 crore from previous Rs 66 crore.

In all, five players can be retained by a franchise, which includes two Right to Match cards.