The IPL tournament is scheduled for December 23 in Kochi

The IPL player auction for the 2023 season will be held in Kochi on December 23. It will be a small auction unlike the mega auction ahead of the 2022 edition, when the 10 franchises will rebuild their squads almost be scratched.

In addition to the money left over from their previous auction and the value of their players, each team will have an additional INR 5 crore (about US$ 607,000) to spend in this auction, which making the total education INR 95 crore (approx. US $ 11.5 million).

The Punjab royals have a small remaining pocket – INR 3.45 crore (approx. US $ 425,000) - after last year's auction when Lucknow Super Giants ran out of their purse. Chennai Super Kings have INR 2.95 crore (approx. US $ 358,000) remained, followed by Royal Challengers Bangalore (INR 1.55 crore or approx. US $ 188,000), Rajasthan Royals (INR 0.95 crore or approx. 115 000 USD) na Kolkata Knight Riders (INR 0,45 crore, soit environ 55 000 USD).

Defending champions Gujarat Titans pocketed INR 0.15 crore (about US$18,000) while three teams - Mumbai Indians, Sunrisers Hyderabad and Delhi Capitals - had INR 0.10 crore US$12,000).

The IPL is expected to finalize the pool for auctions in early December after the franchises submit the list of players to be released, which has a deadline of November 15.

While the February Mega Auction takes place over two days, the Mini Auction will end in one day. The past few markets have produced some of the most expensive purchases, especially in the foreign player category.

This year, franchises are eager to see if pacers Ben Stokes, Sam Curran and Cameron Green will clear their names for the sale. If they do, it is likely to be very demanding.

Three teams - Punjab, Delhi, and Lucknow - bought only seven international players in the 2022 auction, so they could be in the race to take the eighth and final spot. Six franchises also brought injury representatives in the past and they must decide whether to keep a substitute player or a first player, or both if the player limit allows.