IPL 2017 auction: Complete details of date, time and balance purse of 8 franchises

The 2017 IPL player auction will be held on February 20 in Bengaluru, stated a BCCI release. The eight franchises will go into the auction and a sum total of Rs 143.33 Crore can be spent by them for 2017 season.

Also follow: IPL 2017 Auction: Live streaming and where to watch in India

The teams can have a maximum of 27 players including 9 overseas players. A maximum of 76 players, including 28 foreigners, will be bought at the auction.
 
The details of balance purse and squad formation is as under: 

So far, more than 750 players have registered for the auction. The deadline for player registration ends on February 3. The auction will be followed by a day long IPL Franchise Workshop on February 21.

Originally proposed to be held on February 4, the auction was earlier delayed as the Board of Control for Cricket in India (BCCI) grappled with the fallout of the Supreme Court removing its president Anurag Thakur and secretary Ajay Shirke on January 2.

Earlier on Wednesday, the Committee of Administrators (COA) had confirmed that the IPL 2017, which will be the final under the existing 10-year contract, will begin as per schedule on April 5 while adding that the existing processes for availing the services and appointment of vendors will continue for this edition.

The COA had further assured the franchises and all the stakeholders that all the IPL preparations will be promptly dealt with under the supervision and directions of the COA by the BCCI and the IPL management team.

The auction will start at 9am and will be telecast live on Sony Six.