List of players sold so far click here
Dashing wicketkeeper-batsman Brendon McCullum was the first to be auctioned as he was bought for $900,000 by Kolkata Knight Riders followed by the Indian all-rounder Ravindra Jadeja, who was clinched by Chennai Super Kings for whopping $2 million in the tie-breaker.
Chennai Super Kings buy Ravindra Jadeja for whopping $2 million in tie-breaker Results
Rajasthan Royal bought Bradley Hodge for $ 475,000. Sri Lankan master batsman Mahela Jayawardene has been bought by Delhi Daredevils for $1.4 million.
Muttiah Muralitharan was bought by Royal Challengers Bangalore for $200,000 while England's paceman James Anderson was the first to go unsold in the IPL 5 auction.
Darren Bravo, Ian Bell, Upul Tharanga, Adrian Barath, Tamim Iqbal and VVS Laxman went unsold at the IPL 5 auction.
A total of 146 players will be auctioned for the available 29 slots as the auction for the fifth edition of the Indian Premier League got underway in Bangalore.
The auction got a big twist just hours before the players' auction after Sahara India pulled out from the ownership of IPL franchise Pune Warriors.
Sahara India has been denied replacement for injured Yuvraj Singh for the upcoming fifth edition of Indian Premier League.
"It was an emotional decision for us to start this sponsorship but our emotions were never appreciated and many genuine situations were not given due consideration at all," Sahara said.
Sahara India also requested BCCI to pass on Pune Warriors team to some other interested party immediately.
The franchises have a maximum of $2 million to spend at the auction as they bid to strengthen their line-ups ahead of the tournament which will be played between April 4 and May 27.
The exceptions are Bangalore and Pune, which have already spent some money retaining their respective 'replacements', Chris Gayle and Sourav Ganguly.
The auction will be conducted by Richard Madley, a professional auctioneer from England who has conducted each of the previous IPL player auctions.
The 2012 auction happens to be the cheapest of the five so far. The purse has been tightened keeping the cricketers and vacancies in mind.
A total of just 37 slots are available with all the teams put together and not more than eight Indian cricketers are in the fray.
Muttiah Muralitharan was bought by Royal Challengers Bangalore for $200,000 while England's paceman James Anderson was the first to go unsold in the IPL 5 auction.
Darren Bravo, Ian Bell, Upul Tharanga, Adrian Barath, Tamim Iqbal and VVS Laxman went unsold at the IPL 5 auction.
A total of 146 players will be auctioned for the available 29 slots as the auction for the fifth edition of the Indian Premier League got underway in Bangalore.
The auction got a big twist just hours before the players' auction after Sahara India pulled out from the ownership of IPL franchise Pune Warriors.
Sahara India has been denied replacement for injured Yuvraj Singh for the upcoming fifth edition of Indian Premier League.
"It was an emotional decision for us to start this sponsorship but our emotions were never appreciated and many genuine situations were not given due consideration at all," Sahara said.
Sahara India also requested BCCI to pass on Pune Warriors team to some other interested party immediately.
The franchises have a maximum of $2 million to spend at the auction as they bid to strengthen their line-ups ahead of the tournament which will be played between April 4 and May 27.
The exceptions are Bangalore and Pune, which have already spent some money retaining their respective 'replacements', Chris Gayle and Sourav Ganguly.
The auction will be conducted by Richard Madley, a professional auctioneer from England who has conducted each of the previous IPL player auctions.
The 2012 auction happens to be the cheapest of the five so far. The purse has been tightened keeping the cricketers and vacancies in mind.
A total of just 37 slots are available with all the teams put together and not more than eight Indian cricketers are in the fray.
# The fifth lot of players auctioned were the spinners with West Indian Sunil Narine getting the best price. Kolkata Knight Riders acquired him for USD 700,000. Ramesh Pawar (160,000) and Brad Hogg (180,000) went to Kings XI Punjab and Rajasthan Royals respectively while Mumbai Indians got Robin Peterson for USD 100,000. The likes of Graeme Swann, Ajantha Mendis and Rangana Herath went unsold.
# The fourth lot was for fast bowlers and R Vinay Kumar was the player who teams bid furiously for. Eventually, Royal Challengers Bangalore got him for USD 1 million while the next preferred bowler was RP Singh who was acquired by Mumbai Indians for USD 600,000. S Sreesanth went to Rajasthan Royals for his base price of USD 400,000. Players like Vernon Philander, Peter Siddle, Tim Southee, Ravi Rampaul, Fidel Edwards and Lonwabo Tsotsobe went unsold.
# In the second, third and fourth lots, which were for batsmen, wicket-keepers and all-rounders, there were a few value buys while there were plenty of players who went unsold. Some of the best buys were Andre Russell, Herschelle Gibbs and Dinesh Chandimal. There were also a big surprise with Kevin O'Brien going unsold. Players like Mark Boucher, Doug Bracewell, Matt Prior, Ravi Bopara, Marlon Samuels and a few more did not find any bidders.
# Jadeja, however, will not receive the entire 2 million and instead will only be paid 950,000, the price he was signed for by the Kochi Tuskers. According to a new IPL rule, the remaining 1.05 million as well as the tie-breaker amount will go to the BCCI.
# The first lot of players in the auction were the marquee players and as expected Ravindra Jadeja was the priced item on the list. Chennai Super Kings and Deccan Chargers were tied after both bid USD 2 million for the all-rounder and eventually Chennai bagged him via the tie-breaker. Mahela Jayawardene was the other player who went in excess of 1 million with Delhi Daredevils acquiring him for 1.4 million.
