The Indian Premier League (IPL) auction stands as a highly anticipated event annually, where teams meticulously construct their squads for the upcoming season.
Let’s delve into the details:
Frequency: The IPL auction unfolds every year, characterized by two distinct types:
Mega Auction:
This grand event takes place every three years, granting teams the opportunity for a comprehensive overhaul of their squads.
Mini Auction:
Held in the interim years between mega auctions, this more concise affair enables teams to address specific needs and compensate for player departures.
Duration:
Mega Auction:
Spanning two days, owing to the extensive player pool and the need for thorough deliberation. Mini Auction: Typically wraps up within a single day, given its narrower scope and focused objectives.
Recent Example:
The most recent instance, occurring in December 2023, was a mini auction. Anticipate the next mega auction in 2025, promising significant squad alterations. In summary:
Expect an IPL auction on an annual basis. Mega auctions, facilitating major squad transformations, transpire every three years. Mini auctions, catering to targeted player acquisitions, fill the gaps between mega events.