IPL 5 Auction : Players to be auctioned online
- Indian Premier League 2013 Schedule
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The Indian Premier League (IPL) will facilitate auctioning of unsold players online to the franchises through open trading from Monday.
"Franchisees which have slots to fill in the foreign quota of 11 players can bid online for the unsold ones from Monday through the open trading session," IPL chief executive Sundar Rajan told reporters here Saturday after the IPL auction 2012.
The BCCI has guaranteed that it will honour the contracts with the Tuskers and pay the players who are not signed by other teams. If a player is signed, the board says it will also make up any difference between the value of the player's new contract and his old one. However, those players that remain unsold will miss out on playing in the IPL.
Before buying a player, a franchise must take into account his availability. The IPL season overlaps with a number of international tours featuring England, Australia and West Indies, so franchises might chose to mix and match players who are available at different times. The likes of Graeme Swann, James Anderson and Ian Bell could draw interest because the England players are available in April but not in May, while the Australia players will join the IPL only after their tour of the West Indies ends on April 27.