Indian Premier Cricket League - IPL player auctions today

The auctions for the players to play in the different teams of the Indian Premier Legue (IPL) will be done today. It is expected to start at 11 am today (Feb 20). The auction is under the observation of many international auctioneers also, as it has an interesting format with various limitations.
· There are a total of 77 players to be auctioned off.
· Each owner has to spend a minimum of 3.3 Million USD and a maximum of 5 million USD on his/her team. This maximum cap is what that makes this auction interesting. You have to get into a lot of permutations and combinations to compose your team, much like playing fantasy cricket online.
· bids up to $100,000 – in increments of $5,000, bids from $100,000 to $250,000 – in increments of $10,000, bids from $250,000 to $500,000 – in increments of $25,000, after this, no set increments.
· Tendulkar, Dravid, Ganguly and Yuvraj will not be auctioned as they are icon players for their respective areas.
· Each squad must have a minimum of 16 players per squad. This will include a maximum of 8 currently available foreign players per squad. Each team can have a maximum of 4 foreign players in the playing XI for each match.
· The squad will also have to consist of a minimum 4 under 22 players from that area.
I shall keep updating as soon as the news come out!
The teams so far:
Anil Kumble
Bangalore
USD 500000
Jacques Kallis
Bangalore
USD 900000
Zaheer Khan
Bangalore
USD 450000
MS Dhoni
Chennai
USD 1,500,000
Muttiah Muralitharan
Chennai
USD 600,000
Jacob Oram
Chennai
USD 675000
Matthew Hayden
Chennai
USD 375000
Stephen Fleming
Chennai
USD 350000
Daniel Vettori
Delhi
USD 625000
Chris Gayle
Delhi
USD 800000
Shoaib Malik
Delhi
USD 500000
Mohammad Asif
Delhi
USD 650000
Adam Gilchrist
Hyderabad
USD 700,000
Andrew Symonds
Hyderabad
USD 1,300,000
Herschelle Gibbs
Hyderabad
USD 575000
Shahid Afridi
Hyderabad
USD 675000
Shane Warne
Jaipur
USD 450,000
Grame Smith
Jaipur
USD 455000
Younis Khan
Jaipur
USD 225000
Shoaib Akhtar
Kolkata
USD 425,000
Brendon McCullim
Kolkata
USD 700000
Ricky Ponting
Kolkata
USD 400000
Mahela Jayawardene
Mohali
USD 475,000
Kumar Sangakkara
Mohali
USD 750000
Brett Lee
Mohali
USD 900000
Sreesanth
Mohali
USD 625000
Sanath Jayasuriya
Mumbai
USD 975000
Harbhajan Singh
Mumbai
USD 850000
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