The seventh Indian Premier League Players Auction will take place on Wednesday and Thursday this week at the ITC Gardenia hotel in Bangalore.
514 players—219 internationally capped and 292 uncapped—will go under the hammer.
24 players have already been retained by the franchises, and a further 13 can be retained via the new "Right To Match Card" which gives franchises the option to reclaim a player previously contracted to them at the price sold to another franchise if they so wish.
The size of each franchises remaining purse is dependent on the number of players they retained. But apart from that the auction is essentially left to the powers of the market.
The nature of the player base prices, set by the players themselves, entails that many can be over-priced or under-priced before the auction has even begun which produces a climate rife for big mistakes to be made as well as great bargains found.
The list of 514 players has been broken down into sets, the first two of which are "Marquee" sets bracketing the most expensive and attractive players together; these sets will be sold first. Then the process evolves into a cycle of sets of internationally capped batsmen, all rounders, wicket keepers, fast bowlers and spin bowlers, before then doing the same for the uncapped players.
Click 'Next' to read Freddie Wilde's set-by-set auction guide for the capped players.