The IPL 2022 auction is upon us and the mega event will take place in Bengaluru on February 12 and 13. The mega event will see 590 players going under the hammer with the eight original and two new franchises bidding on them.

The existing eight franchises have had to release most of their players back to the auction pool while retaining a maximum of four players each. The two new franchises, on the other hand, were allowed to pick three players each from the auction pool before the event. Each of the 10 franchises was given a maximum purse balance of Rs. 90 crore.

However, the franchises will not be going into the IPL 2022 auction with that amount, having spent on retaining players ahead of the event.

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As far as the auction proceedings go, the players who will be first available to be picked would be from the 'Marquee List', consisting of 10 cricketers. The 590 players have been divided via their respective base prices.

The biggest base price is INR 2 crores, followed by INR 1.5 crores and INR 1 crore. The rest of the price brackets are INR 50 lakhs and INR 20 lakhs. A total of 17 Indian and 33 overseas players are in the Rs. 2 crore bracket.

The entire event will be held in a bio-secure bubble and all officials participating in the event would be required to clear an RT-PCR test.

When and where to watch the IPL 2022 mega auction?

The IPL 2022 mega auction will start at 12:00 PM on Feb 12. The live coverage of the event will begin at 11:00 AM, which can be seen on the Star Sports network. The whole event will also be live-streamed on the Disney-Hotstar app as well.

Full list of players retained and the teams’ balance purse:

Chennai Super Kings (CSK):
Ravindra Jadeja (INR 16 crores), MS Dhoni (INR 12 crores), Moeen Ali (INR 8 crores), Ruturaj Gaikwad (INR 6 crores)

Balance purse: INR 48 crores

Kolkata Knight Riders (KKR):
Andre Russell (INR 12 crores, INR 16 crores to be deducted from purse), Varun Chakravarthy (INR 8 crores, INR 12 crores to be deducted from purse), Venkatesh Iyer (INR 8 crores), Sunil Narine (INR 6 crores)
Balance purse: INR 48 crores

Sunrisers Hyderabad (SRH):
Kane Williamson (INR 14 crores), Abdul Samad (INR 4 crores), Umran Malik (INR 4 crores)
Balance purse: INR 68 crores

Mumbai Indians (MI):
Rohit Sharma (INR 16 crores), Jasprit Bumrah (INR 12 crores), Suryakumar Yadav (INR 8 crores), Kieron Pollard (INR 6 crores)
Balance purse: INR 48 crores

Royal Challengers Bangalore (RCB):
Virat Kohli (INR 15 crores), Glenn Maxwell (INR 11 crores), Mohammed Siraj (INR 7 crores)
Balance purse: INR 57 crores

Delhi Capitals (DC):
Rishabh Pant (INR 16 crores), Akshar Patel (INR 9 crores, INR 12 crores to be deducted from purse), Prithvi Shaw (INR 7.5 crores, INR 8 crores to be deducted from purse), Anrich Nortje (INR 6.5 crores)
Balance purse: INR 47.5 crores

Rajasthan Royals (RR):
Sanju Samson (INR 14 crores), Jos Buttler (INR 10 crores), Yashasvi Jaiswal (INR 4 crores)
Balance purse: INR 62 crores

Punjab Kings (PBKS):
Mayank Agarwal (INR 12 crores, INR 14 crores to be deducted from purse), Arshdeep Singh (INR 4 crores)
Balance purse: INR 72 crores

Gujarat Titans (GT):
Hardik Pandya (INR 15 crores), Rashid Khan (INR 15 crores), and Shubman Gill (INR 8crores).
Balance Purse: INR 52 crores

Lucknow Super Giants (LSG):
KL Rahul (INR 17 crores), Marcus Stoinis (INR 9.2 crores), and Ravi Bishnoi (INR 4 crores)
Balance purse: INR 58 crores

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Full list of key players released:

Chennai Super Kings (CSK): Faf du Plessis, Dwayne Bravo, Suresh Raina, Deepak Chahar, Shardul Thakur

Delhi Capitals (DC): Shreyas Iyer, Avesh Khan, Kagiso Rabada, R Ashwin

Mumbai Indians (MI): Hardik Pandya, Ishan Kishan, Trent Boult, Rahul Chahar

Sunrisers Hyderabad (SRH): Rashid Khan, David Warner, Jonny Bairstow, Manish Pandey

Rajasthan Royals (RR): Ben Stokes, Jofra Archer, David Miller, Chris Morris, Liam Livingstone

Kolkata Knight Riders (KKR): Eoin Morgan, Shubman Gill, Lockie Ferguson, Nitish Rana

Punjab Kings (PBKS): KL Rahul, Chris Gayle, Ravi Bishnoi, Nicholas Pooran, Shahrukh Khan

Royal Challengers Bangalore (RCB): Devdutt Padikkal, Yuzvendra Chahal, Harshal Patel, Washington Sundar