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Each BPL team can spend US$ 2m for players’ auction

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Each BPL team can spend US$ 2m for players’ auction

Post  Admin on Wed Jan 18, 2012 4:27 am



The Bangladesh Premier League (BPL) governing body released the rules of players’ auction on Tuesday. The players’ auction will be held on Thursday at a local hotel in the city. The auction will be conducted by the independent professional auctioneer and he will be the sole arbiter in all aspects.

During the auction all sort of communication device are prohibited in the room.

Each Franchise can spend a maximum of US$ two million at the auction. Franchises will not be able to make a bid for a player if the price exceeds the spending limit.

Each player will have a ‘percentage availability’ based on his expected (as on the date of the auction) availability for the 2012 BPL season. The figure that is bid for the player multiplied by his ‘percentage availability’ will be the amount that is deducted from the total budget available to the Franchise for spending. If a player has fetched US$ 400,000 in the auction but is only expected to be available for 50 percent of the matches in the 2012 season, then he will receive a 2012 ‘percentage availability player fee’ of US$ 200,000. The franchise buying the player will have US$ 200,000 deducted from its US$ 2 million budget and the amount will go the BPL governing council. Each Franchise can spend a maximum of US$ two million at the auction. franchises will not be able to make a bid for a player if the price exceeds the spending limit.

The BPL governing body however warned the players sternly not to reach an agreement with any franchises before the auction in the wake of gradual complains that the auction would be compromised like the team auction.

At the same time they set a rule that a franchise can bid a maximum of US$ 5 lakh for the player. For bids in excess of US$ 5 lakh, increments will be at the auctioneer’s discretion.

For category A players, increments will be US$ 15000 and for B and C category increments will be US$ 10000 and US$ 5000.

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Post  Apurba007 on Wed Jan 18, 2012 11:54 pm

yes...................... Sad
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