The salary purse of the franchises is expected to be increased as well from INR 90 crs to 95 crs.
The auction for the 16th edition of the Indian Premier League or the IPL 2023 will reportedly be held in Bengaluru on December 16, a report in Times of India stated. Also, this auction will be a mini-auction, unlike the last auction which was a big one.
The salary purse at the IPL 2022 mega auction was INR 90 crore, but for IPL-2023 it could be Rs 95 crore, INR 5 crore more. The purse can further swell if a franchise releases its players or trades them.
The IPL 2023 will feature 10 teams and the league stage matches will go back to a home-and-away format after three years, which is likely to start from the last week of March.