IPL 7 Auction LIVE

Welcome to the LIVE coverage of the two-day player auctions for the seventh edition of the Indian Premier League(IPL) from ITC Gardenia in Bengaluru.

And, Brendon McCullum sold to Chennai Super Kings for Rs.3.25 crores.

It's a TUSSLE between Mumbai Indians and Chennai Super Kings.

Here comes New Zealand's swashbuckling skipper Brendon McCullum. 

Finally, Dinesh Karthik has been sold to Delhi Daredevils for Rs.12.5 crores.

Gosh, THIS IS INSANE. Both Delhi and Hyderabad are going bonkers for Karthik here. The bid reaches 11.5 crore. 

Former Mumbai Indians' star Dinesh Karthik is up next.

Wait a minute, Chennai Super Kings have used their 'Right to Match' card here. Faf du Plessis sold to Chennai Super Kings for Rs.4.75 crore. CRUCIAL BUY for CSK!!

Mumbai Indians and Delhi Daredevils are in for this one. I reckon, Delhi's new coach Gary Kirsten will be the key here!!

It's time for South African batsman Faf du Plessis to go under the hammer.

Sunrisers Hyderabad have used their 'Right to Match' card to steal Darren Sammy from Delhi. Hyderabad secure the services of Darren Sammy for Rs.3.5 crore. 

Over to the Windies all-rounder, Darren Sammy is in the spotlight now. 

Delhi Daredevils and Kings XI Punjab enter the bidding. SOLD!! Punjab buys Geroge Bailey for Rs.3.25 crore. Punjab is ADDING CRUCIAL GEMS to its brigade here!!

And, we're back. It's time for Australian all-rounder George Bailey with a base price of Rs.2 cr. 

Also, the Royal Challengers Bangalore(RCB) boasts of a LETHAL BATTING LINE-UP comprised of Chris Gayle, Virat Kohli, Ab de Villiers and now Yuvraj Singh. Some serious T20 BATSMEN right there!! 

With Virender Sehwag and Mitchell Johnson in their kitty, Kings XI Punjab are turning out to be a team to WATCH OUT FOR this season!! 

It's a TEN MINUTE BREAK at the auction here. Phew, that was some serious action!!

Mitchell Johnson sold to Kings XI Punjab for Rs.6.5 crores. Mumbai Indians have decided against using their 'Right to Match' card to buy Johnson back. This has gotta be a GREAT BUY for Punjab!! 

Chennai, Delhi and Punjab are all gunning for the former Mumbai star.

It's now time for Ashes hero Mitchell Johnson.

David Warner has been sold to Sunrisers Hyderabad for Rs.5.5 crores. Can't wait to see him open the innings alongside Shikhar Dhawan!! 

Mumbai and Sunrisers Hyderabad are in a fierce bidding here.

Australian hot-shot David Warner is up next.

Well, Virender Sehwag has been sold to Kings XI Punjab for Rs.3.2 crores. Delhi will not use their 'Right to Match' card to buy the right-hander back.

Kings XI Punjab and Mumbai Indians are in the bidding. Both the teams appear hesitant in their bidding.

It's time for out of form Virender Sehwag now.

KKR, Delhi and CSK are in the bidding for the Proteas bastman. But, the veteran all-rounder will sport CSK jersey this season after being sold for rs 5.5 crores.

The South African veteran Jacques Kallis is up next.

KKR and RCB are in the bidding here. And, Yuvi has been sold to RCB for a whopping Rs.14 crore!! 

Now comes, Yuvraj Singh with a base price of Rs.2 crore.

There it is, Delhi Daredevils have used one of their three 'Right to Match' cards to STEAL Kevin Pietersen from Hyderabad. Delhi have shelled out Rs.9 crore for the batting maestro. KP HEADS BACK TO DELHI!!

Sunrisers Hyderabad have furnished a whopping Rs.9 crore bid for KP. Delhi have the 'Right to Match' card. 

It's time for Kevin Pietersen now. His base price is Rs.2 crore. The 8 franchises will be EAGER to him here!!

NO TAKERS for the Sri Lankan. That's just SAD!!

Next up is Sri Lanka's veteran star Mahela Jayawardene with a base price of Rs.2 crore.

Murali Vijay SOLD to Delhi Daredevils for Rs.5 crore. Hyderabad also looked interested but pulled out at last. 

First player to be auctioned today is India's opening batsman and former CSK star Murali Vijay with a base price of Rs.2 cr. Here we go! ! ! 

Oh well! There's Bollywood actor Ranbir Kapoor in the auction hall.

The new IPL commissioner is at the podium with Gaurav Kapur. Meanwhile, Rahul Dravid is at the Rajasthan Royals table. Anil Kumble looks excited with the Mumbai Indians management. 

The team representatives and managements are making their way towards their respective tables. Sports anchor Gaurav Kapur is at the dias now!! 

Everything is in place and it's time to get the HAMMER IN MOTION. The excitement is PALPABLE!! 

After all the hullabaloo over the past few weeks, the eight franchises are finally up in arms against each other to snatch the hottest properties in the business as they gear up for the highly-awaited auctions for the seventh edition of the Indian Premier League(IPL).

A total of 514 players, including 219 capped players(169 Indians and 50 overseas players) and 292 uncapped players(255 Indians and 37 overseas players) are in the ring for the multi-crore bidding process that will shape up the eight IPL teams this season. There are also three players from Associate Nations, namely Niall and Kevin O'Brien from Ireland and Ryan Ten Doeschate from the Netherlands.

COMPLETE PLAYERS' LIST 

Though players of strong and proven credentials like Jacques Kallis, Mahela Jayawardene, Virender Sehwag, Kevin Pietersen and Yuvraj Singh are in the fray, indications are that the teams might be more tempted to opt for the young and talented rather those in the twilight of their careers.

Among the most talked about players is 23-year-old New Zealand all-rounder Corey Anderson whose recent exploits, notably a world record 36-ball ODI century against the West Indies, have projected him as a "hot buy". Chances are that he might end up becoming a millionaire in the next few hours.

The auction process will be conducted by Richard Madley, who has been associated with the auction since the tournament's inaugural season in 2008.

Marquee Players:

(Rs.2 crore): Virender Sehwag, Yuvraj Singh, Yusuf Pathan, Dinesh Karthik, Praveen Kumar, Ashish Nehra, Pragyan Ojha, Robin Uthappa, Amit Mishra, Murali Vijay, Manoj Tiwary, Mahela Jayawardena, Mitchell Johnson, Jacques Kallis, Kevin Pietersen, Michael Hussey, Brendon McCullum

(Rs.1.5 crore): Zaheer Khan, Bhuvneshwar Kumar, Cheteshwar Pujara, Irfan Pathan, Ishant Sharma, David Warner, Geroge Bailey, Faf du Plessis

(Rs.1 crore): Parthiv Patel, Mohit Sharma, Ashoke Dinda, Wriddhiman Saha, Darren Sammy

New Rules:

According to the IPL rules, every franchise is allowed to retain five players(not more than 4 capped Indians) with a specific amount deducted from their auction purse of Rs.600 million ($9.67 million). Franchises can spend a maximum of Rs.390 million on retaining the five.

The new player retention regulations also offer the 'right-to-match' card to each of the eight franchises at the player auction. The 'right-to-match' card allows the franchise to buy back a specific number of the players they have released for the auction.

The franchises can buy back those players by matching the highest bid those players attract at the auction. However, the number of 'right-to-match' cards available to a franchise will depend on the number of players that the franchise retained in advance.

Chennai Super Kings

The two-time IPL champions, Chennai Super Kings, have retained skipper MS Dhoni, Suresh Raina, Ravichandran Ashwin, Ravindra Jadeja and Dwayne Bravo ahead of the 2014 player auction. Surprisingly, there's no sign of Albie Morkel or Michael Hussey in the retention list. But, the Super Kings will have the option to buy back one of them at the auction.

Right-to-match Cards remaining: 1

Auction Purse(Rs.600 million): Super Kings have lost Rs.390 million including Rs.125 million for player one, Rs.95 million for player two, Rs.75 million for player three, Rs.55 million for player four and Rs.40 million for player five. They are now left with Rs.210 million to spend at the auction.

Mumbai Indians

The defending champions, Mumbai Indians, have retained skipper Rohit Sharma, Lasith Malinga, Kieron Pollard, Harbhajan Singh and Ambati Rayudu ahead of the 2014 player auction. But, what seems to be a shocking move, Mumbai chose to retain Lasith Malinga over the in-form Aussie seamer Mitchell Johnson. It will be interesting to see whether Mumbai will use their 'right-to-match' card to buy Johnson back during the auction.

Right-to-match Cards remaining: 1

Auction Purse(Rs.600 million): Mumbai Indians have lost Rs.390 million including Rs.125 million for player one, Rs.95 million for player two, Rs.75 million for player three, Rs.55 million for player four and Rs.40 million for player five. They are now left with Rs.210 million to spend at the auction.

Rajasthan Royals

The 2008 IPL champions, Rajasthan Royals, have retained Sanju Samson, Ajinkya Rahane, Shane Watson, James Faulkner and Stuart Binny ahead of the 2014 player auction. The five players were expected to be retained considering their performance in the 2013 Champions League for Royals.

Right-to-match Cards remaining: 1

Auction Purse(Rs.600 million): The Royals have lost Rs.390 million including Rs.125 million for player one, Rs.95 million for player two, Rs.75 million for player three, Rs.55 million for player four and Rs.40 million for player five. They are now left with Rs.210 million to spend at the auction.

Royal Challengers Bangalore

The RCB, also known as the Liverpool of IPL, have retained only three players including their skipper Virat Kohli, Chris Gayle and AB de Villiers ahead of the 2014 player auction. The franchise has also appointed former player Daniel Vettori as the head coach alongside Allan Donald as their bowling coach. Despite retaining just three players, RCB will have only one 'right-to-match' card at their disposal at the auction. However, the Vijay Mallya-owned franchise will have adequate amount of money to spend at the auction.

Right-to-match Cards remaining: 1

Auction Purse(Rs.600 million): The RCB have lost Rs.295 million including Rs.125 million for player one, Rs.95 million for player two and Rs.75 million for player three. They are now left with Rs.305 million to spend at the auction.

Kolkata Knight Riders

The 2012 IPL champions, Kolkata Knight Riders, have retained only two players including skipper Gautam Gambhir and mystery spinner Sunil Narine ahead of the 2014 player auction. There's no sign of Brendon McCullum, Jacques Kallis, Ryan McLaren, Eoin Morgan or even Manoj Tiwary in their retention list. With only two players retained, KKR will enjoy two 'right-to-match' cards alongside a hefty purse at the auction. Expect the SRK-owned franchise to spend big at the auction.

Right-to-match Cards remaining: 2

Auction Purse(Rs.600 million): KKR have lost Rs.220 million including Rs.125 million for player one and Rs.95 million for player two. They are now left with Rs.380 million to spend at the auction.

Delhi Daredevils

After witnessing a shambolic 2013 season in IPL, the Delhi Daredevils is the only team who have released its entire squad in a bid to rebuild the team this season. And as expected, Delhi's poster boy Virender Sehwag has not been retained following his struggling form. Sehwag will go into the auction pool for the first time in his six-year-old career with Delhi. With none of the players retained, Delhi will have three 'right-to-match' cards alongside a hefty purse at their disposal in the upcoming auction.

Right-to-match Cards remaining: 3

Auction Purse(Rs.600 million): Delhi is the only team to have the biggest purse in the auctions this season. They will not shy away from splurging especially the kind of money they have at their disposal.

Sunrisers Hyderabad

After the surprisingly-good run last season, Sunrisers Hyderabad have retained two players with the likes of skipper Shikhar Dhawan and fiery South African seamer Dale Steyn ahead of the 2014 auction. But, despite his blazing innings against India, South Africa's explosive batsman Quinton de Kock has not been retained. Also, there is no sign of their effective all-rounders Darren Sammy and Thisara Perera. Sunrisers will also have two 'right-to-match' cards at their disposal during the auction. Not to forget, they too will have adequate auction purse to buy back some of its players.

Right-to-match Cards remaining: 2

Auction Purse(Rs.600 million): Sunrisers have lost Rs.220 million including Rs.125 million for player one and Rs.95 million for player two. They are now left with Rs.380 million to spend at the auction.

Kings XI Punjab

The 2008 IPL semifinalists, Kings XI Punjab, have retained two players - South Africa's explosive batsman David Miller and all-rounder Manan Vohra. Surprisingly, there is no sign of Aussie veteran David Hussey and South African seamer Ryan Harris. Kings XI Punjab will also have two 'right-to-match' cards at their disposal during the auction. But, they will have the biggest purse at the auction.

Right-to-match Cards remaining: 2

Auction Purse(Rs.600 million): Punjab have lost Rs.220 million including Rs.125 million for player one and Rs.95 million for player two. They are now left with Rs.380 million to spend at the auction.

Read more at: http://indiatoday.intoday.in/story/ipl-2014-7-auction-live-itc-gardenia-bengaluru-bangalore-franchises-indian-premier-league/1/343047.html