The ten franchises spent a total of INR 167 crore to sign 80 players for the 87 open slots for IPL 2023. The total amount spent in an IPL mini-auction was INR 167 crore, exceeding the INR 145.3 crore in 2021. The fact that there were ten teams in this mini-auction for the first time added to the total.
The most active team was Sunrisers Hyderabad, which entered the auction with the largest bid of INR 42.25 crore. 13 players cost them 35.7 crore INR. On the other end of the spectrum, Kolkata Knight Riders spent 5.4 crore rupees of their 7.05 crore rupee budget on eight players.
Only three teams failed to fill their 25-player squad cap. Punjab Kings and Knight Riders each had 22, while Mumbai Indians finished with 24. Kings were the only team to only sign seven foreign players, falling short of the maximum of eight.
Chris Morris, who received a bid of INR 16.25 crore from Rajasthan Royals in 2021, held the record for being the most expensive player ever in IPL auction history. But on Friday afternoon in Kochi, the number was exceeded twice in a matter of fifteen minutes.
Sam Curran cost Kings INR 18.5 crore, breaking the previous high. The unsuccessful bidders for Curran, Mumbai Indians, paid INR 17.5 crore for Cameron Green. Shortly after, Ben Stokes was acquired by Chennai Super Kings for INR 16.25 crore, matching Morris’ price from the 2021 auction.
The teams made significant investments in the young players, giving the impression that they intended to develop them into long-term options. Curran (INR 18.5 cr), Green (INR 17.5 cr), and Harry Brook, three of the top five picks in the auction, were all 25 or younger (INR 13.25 cr). Green and Brook have never before appeared in the league.
Ishan Kishan (INR 15.25 crore in 2022 at age 23) and Jhye Richardson were the only two of the ten INR 13-plus crore buys at prior auctions who were 25 or younger (INR 14 crore in 2021 at 24). In this auction, 27 players with an average age under 25 were purchased for a total of INR 71.1 crore.
For his first IPL contract, Brook received a whopping INR 13.25 crore from Sunrisers. The England International is currently the most expensive foreign batter in IPL auction history. Chris Lynn, who was signed by the Knight Riders for INR 9.6 crore in 2018, set the previous record before he did. In the IPL auction, Brook’s price was second only to Yuvraj Singh’s INR 16 crore for a specialist batter.
When Delhi Daredevils made the highest bid for Yuvraj in the 2015 auction, he was listed as a batter on the registration form. Brook is also the most expensive player for Sunrisers. In reality, only two players had previously cost Sunrisers more than INR 10 crore: Manish Pandey in 2018 and Nicholas Pooran in 2022, who each cost INR 11.75 crore.
Gujarat Titans paid INR 4.4 crore for Josh Little, 8.8 times his base price of INR 50 lakh. He was the first player from Ireland to sign an IPL contract. David Wiese made history by becoming the first player from Namibia to be selected at the IPL auction.
Wiese previously played in the IPL for South Africa, but the 2023 season will mark his first in the competition since moving to Namibia. He now joins a select group of IPL players from Associate countries, including Ryan ten Doeschate of the Netherlands (Knight Riders in 2011 and 2014), Chirag Suri of the UAE (Gujarat Lions in 2017), Rashid Khan and Mohammad Nabi of Afghanistan (Sunrisers in 2017), and Sandeep Lamichhane of Nepal (Daredevils, 2018).
Sikandar Raza, who won seven player-of-the-match awards in T20I matches this year, was signed by Kings for his base price of INR 50 lakh. He joins Tatenda Taibu and Brendan Taylor as the only other players from Zimbabwe to receive a bid at an IPL auction.