IPL Auction 2018 Live Updates: Ben Stokes To Rajasthan Royals For Rs 12.5 Crore, Ashwin To Play For KXIP; Harbhajan To CSK

IPL Auction 2018 Live Updates: Ben Stokes To Rajasthan Royals For Rs 12.5 Crore, Ashwin To Play For KXIP; Harbhajan To CSK

IPL Auction 2018 will be the beginning of wiping the slate clean and starting afresh. So everything that happened in the last 10 years of the IPL, will more or less be done with. Barring the players who have been retained, every other player has gone into the auction and that has taken the pool to 578 players with 36 marquee players – 13 Indians and 23 international players – with base price of Rs 2 crore. Once again, for IPL 11, over 500 players will go under the hammer with a strategy to rebuild their squad. The two-day auction in Bengaluru will offer a prospect to the teams to build their structure for the future in an attempt at glory. A bidding war is expected to be held today so the teams can edge the other early. With the combination of players retained and Right to Match (RTM), each team enters the auction with a different purse. Chennai Super Kings and Rajasthan Royals return to the league after their two-year suspension. Catch IPL Auction 2018 Live Updates here.
IPL Auction 2018 Live Updates: 11:03 am IST: Maxwell has been a hot property at auctions and once again teams are after him. His price up to Rs 8.20 crore with Delhi. The bid continues. Maxwell’s price up to Rs 9 crore
11:00 am IST: Glenn Maxwell is the next name. SRH and RCB in a battle for him. This is the first bid from RCB. Delhi Daredevils in the bid now. His price is already up from Rs 2 crore to Rs 7 crore.
10:58 am IST: Shakib Al Hasan is the next player in the auction list. SRH and RR in a battle for the Bangladesh all-rounder. He is sold to Sunrisers for Rs 2 crore! He was with KKR before
10:57 am IST: Harbhajan Singh to play for Chennai Super Kings! He is sold to CSK for base price of Rs 2 crore. MS Dhoni and Harbhajan Singh unite. That is a some combination!
10:55 am IST: Second set of marquee players to begin now! The first name in the pool is Harbhajan Singh. He has a base price of Rs 2 crore. CSK open the bid for Harbhajan Singh
10:33 am IST: Mitchell Starc is the player next. Enters the auction with a base price of Rs 2 crore. KXIP and KKR embroiled in a bidding war for the left-handed seamer. KKR have taken the war to Rs 9.40 crore before Preity Zinta pulls out. MITCHELL STARC GOES TO KKR FOR Rs 9.40 CRORE!
10:32 am IST: Ajinkya Rahane to KXIP for Rs 4 crore before RR come in with RTM. So, India’s top order batsman Ajinkya Rahane to RR for Rs 4 crore by using the RTM.
10:30 am IST: Faf du Plessis sold to Kings XI Punjab for 1.60 crore after a base price of Rs 1.50 crore. CSK swoop in with their RTM. CSK use RTM on Faf du Plessis for Rs 1.60 crore.
10:22 am IST: Ben Stokes is the next player to enter the auction. Base price of Rs 2 crore as is the case for marquee players. CSK and KXIP in the bidding war. KXIP make it Rs 6.60 crore before Fleming says ‘no’. KKR enter the fray with Rs 6.80 crore. KXIP still in it. And in the middle of it all, champagne cork pop goes off! Laughter fills the room. KKR out of the bidding fight. The amount has reached Rs 12 crore. RR enter the bidding process with 50 lakhs more. Rs 12.50 crore. KXIP are out. STOKES SOLD TO RAJASTHAN ROYALS FOR Rs 12.50 CRORE!
10:21 am IST: Another West Indian up for grabs now. Chris Gayle at a base price of Rs 2 crore. Wasn’t retained by the RCB. Surprisingly no takers for the explosive West Indies opener. No bid. CHRIS GAYLE GOES UNSOLD!
10:17 am IST: Kieron Pollard is the third player in the auction. His starting bid is of Rs 2 crore. MI and KXIP in the bidding war for the West Indian. Pollard goes to MI for Rs 5.40 crore. And MI use the RTM for Pollard for Rs 5.40 crore.
10:12 am IST: R Ashwin is the next player under the bidding process. Rs 2 crore the base price. RR up the bid to Rs 4.80 crore. KXIP make it Rs 5.20 crore. RR and KXIP up the ante. KXIP make it Rs 6 crore. Make that Rs 6.40 crore. RR the other team in the fray. KXIP bag Ashwin for Rs 7.60 crore. 
10:07 am IST: Vivo executive head out first to help in the bidding process alongside. Shikhar Dhawan is the first player to enter the bidding process. His base price is of Rs 2 crore. Teams involved in bidding war, RR, KXIP. Kings XI have taken the lead in the war by bidding Rs 4 crore. SRH with a RTM on Dhawan. MI enter the fray with Rs 4.20 crore. And they’ve taken it up to Rs 5 crore. KXIP make it Rs 5.20 crore. MI are out. SOLD! Dhawan has been sold to KXIP for Rs 5.20 crore. But SRH retain Dhawan for Rs 5.20 crore.
10:05 am IST: The familiar face of Richard Madley to conduct the auction once again.
10:02 am IST: IPL chief Rajiv Shukla takes the stage next. Almost 290 players to go under the hammer today, he informs. Next up is a word from the RCA on their termination by the BCCI and status of Rajasthan Royals by extension. All hunky, dory and we’re set to begin!
10:00 am IST: Rahul Johri, BCCI CEO first up. Thanking various officials for being here in the morning – the sponsors, the stakeholders and BCCI CoA team.
10:00 am IST: Viru being Viru!
09:40 am IST: Team by team breakdown of their purse and RTMs remaining:
CSK – Rs 47 crore remaining – 2 (cannot use on capped Indian players)
MI – Rs 47 crore remaining – 2 (cannot use on capped Indian players)
DD – Rs 47 crore remaining – 2
SRH – Rs 59 crore remaining – 3
RCB – Rs 49 crore remaining – 2
RR – Rs 67.5 crore remaining – 3
KXIP – Rs 67.5 crore remaining  – 3
KKR – Rs 59 crore remaining – (cannot be used on capped foreign players)
0930 hrs IST: Recap of the players who were retained: 
CSK – MS Dhoni, Ravindra JadejaSuresh Raina
MI – Rohit Sharma, Hardik Pandya, Jasprit Bumrah
DD – Rishabh Pant, Chris Morris, Shreyas Iyer
SRH – David WarnerBhuvneshwar Kumar
RCB – Virat KohliAB de Villiers, Sarfraz Khan
RR – Steve Smith
KXIP – Axar Patel
KKR – Sunil Narine, Andre Russell
0920 hrs IST: For the first time, RTM will be employed by the franchises in the IPL Auction. How does the RTM work: Using the RTM card, a franchise can retain a player who played for them in the past by choosing to match the highest bid for the player. For the two returning teams, CSK and RR, they can retain players who were part of their 2015 squads and subsequently part of the temporary teams in either Gujarat Lions or Rising Pune Supergiant.
However, there are some limitations to the RTM. A team could exercise a combination of player retentions and RTM – a maximum of 5 in total – so if a team retained 3 players, they can opt for two RTM options only in the auction. Out of the five, there can only be – a) 3 Indian capped players, b) 2 Capped foreign players or c) 2 Uncapped players. For example, CSK and MI have retained three capped Indian players and now they can’t use the RTM in that category. On the other side of the fence, KKR have retained two capped overseas players so they can use their RTM’s in the other two categories.
0913 hrs IST: Here’s the lowdown: Almost 580 players to be auctioned in Bengaluru. 361 of them will be Indians. Franchise size to vary from a minimum of 18 to a maximum of 25. Minimum squad spend is of Rs 60 crores and maximum number of overseas players allowed is 8.
0907 hrs IST: Here’s everything you need to know about the IPL Auction and each IPL Auction has seen a rags to riches story or an unknown player becoming an overnight sensation. Who will it be this time? We present the contenders.
0900 hrs IST: Hello and Good morning for our live coverage and updates from the first day of the IPL Auction. So here it begins, ten seasons and decade of success, is all in the past and on the horizon. Players that made the teams what they are, for the most part, are back in the auction.
Courtesy : indianexpress