IPL hikes minimum auction reserve price for players
The IPL Governing Council has increased minimum auction reserve price for players ahead of the 2018 season. The reserve price for uncapped players was escalated from ₹10 lakh, ₹20 lakh, and ₹30 lakh to ₹20 lakh, ₹30 lakh, and ₹40 lakh respectively. For the capped, new reserve prices are ₹50 lakh (previously ₹30 lakh) and ₹75 lakh (previously ₹50 lakh).