IPL Auction 2024: What will the franchise do if the bid ends on equal terms?

The Indian Premier League (IPL) 2024 player auction is all set to take place on December 19 in Dubai. A total of 333 cricketers will go under the hammer. Out of these, around 214 players are Indians and 119 are overseas players. Furthermore, there are 2 players from the associate nations. The list has 116 capped players, 215 uncapped players and 2 players from associate nations. Gujarat Titans will enter the auction with the highest remaining purse while Lucknow Super Giants have the lowest money left for the event.

How does the silent tie-breaker bid work?

With the franchises having small purses remaining, chances are high that two or more sides could end up on a tied bid for a player and fail to go further due to a lack of funds. In this case, the tie-breaker bid will be brought into action to decide the side that will bag the services of the player.

The franchises, who put in a joint final bid for a certain player, will have to submit a silent written bid on a form. The side that promises to pay a higher amount in it will acquire the services of the player. The money promised by the franchise on the form would be paid by them to the Board of Control for Cricket in India (BCCI). This amount will be in addition to the final bid made by the franchise for the player. However, the amount paid by the franchise to the BCCI would not affect its salary cap.

If the tie-breaker bids from the franchises are equal, the process will be repeated until a winner is decided. This is not the first time this has happened. Earlier, during the auction of the 2010 IPL, Kieron Pollard and Shane Bond were sold to Mumbai Indians and Kolkata Knight Riders.

Purse of the various franchises

Let us look at the current remaining purse with the various franchises who will battle it out in the auction.

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