IPL 2023 Auction: IPL Auction Tie-breaker Rule: BCCI has reintroduced a rule for mini-auction 2023. With many franchises running on low funds, BCCI has brought back the tie-breaker rule. If two or more franchises are running out of funds and their final bid is tied, there will be a tie-breaker. In this, the player will be sold at the final bid amount. But the tied teams will have to submit a written silent bid. The bidder with a higher price will get the player. The IPL Auction 2023 is on Friday in Kochi. Follow IPL 2023 LIVE Updates on InsideSport.IN.
What is Tie-Breaker Rule in IPL Auction?
- If a franchisee makes a final bid and can no longer make any further for the player and are tied with other franchises, the auctioneer will sell the player at the last bid price.
- In such a scenario, BCCI will invoke a tie-breaker rule to determine which franchise will sign the player.
- BCCI will invite each franchisee who are tied to submit a silent written bid on a form.
- The highest bidder in silent bid wins.
- However, it is BCCI who will receive the money of the silent bid.
- The silent bid will not be deducted from the salary cap.
“The Tiebreak Bid will indicate the amount, payable in one instalment that the franchisee is prepared to pay to BCCI. The amount of the Tiebreak Bid is separate from and in addition to the amount of the Last Bid. The Tiebreak Bid is the separate amount, which the Franchisee is prepared to pay to BCCI and is not deducted from the relevant Franchisee’s Salary Cap. There is no limit on the amount of the Tiebreak Bid,” BCCI told franchises in the auction brief.
IPL 2023 Auction LIVE: Less than 12 hours to go for IPL Auction…
In case, two or more teams have the silent bids also matching, BCCI will invite the two to repeat the auction process until there is a winner. But BCCI will not announce the amount for the silent bid.
𝐆𝐞𝐭𝐭𝐢𝐧𝐠 𝐀𝐮𝐜𝐭𝐢𝐨𝐧 𝐑𝐞𝐚𝐝𝐲 👌💰
Less than 24 hours to go for #TATAIPLAuction 2023 ⏳ pic.twitter.com/LHFPaUbxoR
— IndianPremierLeague (@IPL) December 22, 2022
BCCI has booked two floors of the Grand Hyatt in Bolgatty island in Kochi for IPL Auction 2023. The mini-auction will be a 7-hour affair with an hour of break in between on December 23.
The IPL will feature two broadcasters for the first time. JioCinema will have IPL 2023 LIVE Streaming while Star Sports Network will broadcast the IPL Auction LIVE on TV. Consequently, the course of events might vary. On December 20–21, the team owners and a small number of helpers will arrive in Kochi.
IPL 2023 Auction: All you need to know
- Unlike last time, this will be a mini-auction and will last only a day.
- For the first time, IPL will have two separate broadcasters.
- Star Sports Network will have IPL 2023 Auction LIVE Broadcast.
- JioCinema will have IPL 2023 Auction LIVE Streaming.
- IPL Auction will start at 2:30 PM IST in Kochi’s Grand Hyatt hotel.
- For the first time, BCCI has allowed video-conferencing with support staff.
- The purse value of all teams has been increased by 5 crores, making a total of INR 95 crores for each team.
- Out of their total purse value, the franchises need to spend a minimum of 75% during the auction event.
- From a list of 991 players, a total of 369 players from 10 teams were shortlisted.
- However, 36 additional players were added to the final list on request of the teams, making a total of 405 players shortlist.
- Out of 405 players, 273 are Indian cricketers, and 132 are overseas, including four from associate nations.
- The total capped players are 119, uncapped players are 282 and 4 from associate nations.
- A maximum of 87 slots are now available, with up to 30 being allocated for overseas players.
IPL 2023 Auction: BIG rule change in IPL Auction 2023, BCCI reintroduces Tie-breaker rule in case of final bid tied, Check OUT
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