The most anticipated two-day Indian Premier League (IPL) 2022 auction event begins today in Bengaluru. A total of 590 players (370 Indians and 220 overseas) attended the mega auction – which returned after 4 years. The last time such an extensive auction took place was in 2018.
Prior to the bidding event, 30 players were retained in eight current franchises. With the arrival of two newly added teams – Lucknow Super Giants and Gujarat Titans – each built three players. Specifically, each franchise is allocated a total wallet balance of INR 90 million. After retaining and drafting players, the Punjabi Kings (PBKS) have the highest amount of INR 72 million, while the Chennai Super Kings (CSK) have the lowest amount of INR 42 million. crores.
There is no doubt that all teams will give their best shots in the auction to get the players they planned. In addition, according to the rules of the franchise, which offers the highest, the player receives services.
But what happens when a team spends all the money available to win players? Such a situation has not yet closed in the league, but the IPL management has a detailed rule to address this problem, known as the ‘Silent Tiebreaker’.
The rule has existed since 2010 and has been used several times. Previously, the highest bid ceilings were allowed for players. With this rule, teams bought the likes Kieron Pollard and Ravindra Jadeja.
However, now this rule can only apply if the entire balance in the franchise wallet has been used up. This will only be used in a scenario where the final bid of one team “for one player” is combined with another franchise, but they have no money in their wallet.
In this case, franchisees will be given the chance to sign players with a “Silent Tiebreaker” offer. Both parties must submit a written bid with the price they will pay for players outside the “final bid” they have previously submitted. The amount offered by the franchise will be deposited mainly with the Cricket Control Board of India (BCCI) in addition to the balance in the wallet.