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Chennai Super Kings (CSK)Cricket ArticlesDelhi Capitals (DC)Gujarat Titans (GT)Indian Premier League (IPL)IPL 2024IPL TeamsKolkata Knight Riders (KKR)Lucknow Super Giants (LSG)Mumbai Indians (MI)Punjab Kings (PBKS)Rajasthan Royals (RR)Royal Challengers Bangalore (RCB)Sunrisers Hyderabad (SRH)

How much money did each franchise spend at the IPL 2024 auction?

This year’s Indian Premier League auction was historic, as we witnessed two players bagging a deal over Rs. 20 crore. While Pat Cummins was sold to SunRisers Hyderabad for INR 20.50 crore, Mitchell Starc became the most expensive player in the tournament’s history after Kolkata Knight Riders purchased him for INR 24.75 crore.

Apart from the Australian pacers, many other Indian and overseas players prompted the franchises to empty their pockets and go all out. A cumulative amount of Rs. 230.45 crore was spent by the 10 teams this year. On that note, let’s have a look at the amount of money spent by each franchise at the auction this year.

How much money did each franchise spend at the IPL 2024 auction?
How much money did each franchise spend at the IPL 2024 auction?

Chennai Super Kings (CSK): Rs. 30.4 crore

Five-time champions CSK went into the auction with a purse of Rs. 31.4 crore, and ended up spending Rs. 30.4 crore behind six players. They spent the highest amount of money on Daryl Mitchell, getting him for Rs. 14 crore, followed by Indian domestic cricketer Sameer Rizvi who bagged Rs. 8.4 crore deal.

Delhi Capitals (DC): Rs. 19.05 crore

With a purse of Rs. 28.95 crore before the auction, Delhi Capitals spent Rs. 19.05 crore in purchasing nine players. Of the total number of players roped in by Delhi, four were overseas cricketers. They spent the highest amount behind Kumar Kushagra, getting him for Rs. 7.20 crore. After the auction, they had a purse of Rs. 9.90 crore remaining.

Gujarat Titans (GT): Rs. 30.3 crore

The IPL 2022 champions entered the auction with a purse of Rs. 38.15 crore, the highest among all the teams. But they couldn’t have much of an impact and lost some crucial bidding wars. They added eight players to the side, with Australian pacer Spencer Johnson, with a tag of Rs. 10 crore, being the costliest of them all. They spent Rs. 30.3 crore and have a remaining purse of Rs. 7.85 crore.

Kolkata Knight Riders (KKR): Rs. 31.35 crore

Having entered the auction with Rs. 32.7 crore in hand, KKR spent almost all of their money and were left with Rs. 1.35 crore at the end. Of the total amount, they spent Rs. 24.75 crore on one player- Mitchell Starc, and bought nine other players, taking the new additions for this season to 10.

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Lucknow Super Giants (LSG): Rs. 12.20 crore

Lucknow did not have a big purse for this year’s auction, as they entered the business with Rs. 13.15 crore in hand. They added six players to their side, with Shivam Mavi, who bagged a Rs. 6.40 crore deal, being their most expensive buy. They spent Rs. 12.20 crore at the auction and have Rs. 95 lakh remaining in the purse.

Mumbai Indians (MI): Rs. 16.7 crore

With a total purse of Rs. 17.75 crore, MI purchased four overseas and four Indian cricketers at the auction this time. Their biggest buys were overseas bowlers Gerald Coetzee and Nuwan Thushara, who were roped in for Rs. 5 crore and Rs. 4.8 crore respectively. They spend Rs. 16.7 crore behind eight players to be left with Rs. 1.05 crore in their purse at the end.

Punjab Kings (PBKS): Rs. 24.95 crore

Like Mumbai, PBKS also roped in eight players after entering the auction with a purse of Rs. 29.1 crore. Their most expensive buy was Indian pacer Harshal Patel as they spent Rs. 11.75 crore to get his services. Another player who got big bucks from PBKS was South Africa’s Rilee Rossouw, who received Rs. 8 crore deal.

Royal Challengers Bangalore (RCB): Rs. 20.4 crore

Having entered the auction with a total of Rs. 23.25 crore in their bank, RCB spent Rs. 20.4 crore in buying six cricketers. Of all the 10 teams, RCB had the worst outing at the auction this year as they couldn’t manage to build a stable squad, with their bowling attack still being their weak point. West Indies cricketer Alzarri Joseph was their most expensive buy as they spent Rs. 11.50 crore to get their services.

Rajasthan Royals (RR): Rs. 14.3 crore

Having a purse of Rs. 14.5 crore at the beginning, inaugural champions RR spent Rs. 14.3 crore during the auction and purchased five cricketers. West Indies all-rounder Rovman Powell was their biggest buy at Rs. 7.4 crore. In the end, they only had Rs. 20 lakh remaining in their purse.

Sunrisers Hyderabad (SRH): Rs. 30.80 crore

SRH bought six players at the auction and spent Rs. 30.80 crore out of their total purse of Rs. 34 crore. Their biggest buy was Australian captain Pat Cummins, having spent Rs. 20.50 crore on him. Their next biggest buy was Australian batter Travis Head, who got Rs. 6.4 crore deal. Eventually, SRH had Rs. 3.2 crore of funds remaining in their bank.

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