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IPL players' auctions to be held in Bangalore on Jan 8 & 9

The much-awaited IPL players' auction will be held in Bangalore on January 8 and 9 and will see over 400 players going under the mallet, according to sources.

"The auction is to be held in Bangalore and a total of 416 playes would go under the auctioner's hammer," IPL sources said.

Under the Indian Premier Leaque Player Regulations, each of the founding franchises could retain up to four players in advance of the player auction - against fixed deductions from the USD 9 million salary cap.

Only Chennai Super Kings, the 2010 champions, and runners-up Mumbai Indians have retained the full complement of players.

CSK have retained skipper Mahendra Singh Dhoni, Suresh Raina, Murali Vijay and Albie Morkel. MI held on to batting legend Sachin Tendulkar, Harbhajan Singh, Lasith Malinga and Kieron Pollard.

By retains four players, MI and CSK are each left with only USD 4.5m to spend either in the auction or in buying Ranji players outside the auction.

Delhi Daredevils retained blustering opener Virender Sehwag, Virat Kohli was retained by Royal Challengers Bangalore and Rajasthan Royals decided to keep their two Australian stars Shane Warne and Shane Watson.

Rajasthan Royals will have USD 5.9 mn available to spend while Delhi Daredevils and Royal Challengers Bangalore will each have a balance of USD 7.2mn available. The remaining franchises have the full USD 9mn available to spend.

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