IPL Auction: Before the auction of the Indian Premier League (IPL), many questions come to the mind of the people and in this the base price is also a big question. Every player has a base price in the auction, on which he is bid in the auction, but what is this base price, everyone wants to know. Let us know every important thing related to the base price.
What is base price?
Base price is the price at which the auction of the player starts. For example, if the player’s base price is Rs 1 crore, then the bidding for him will start from Rs 1 crore only and then it will be carried forward from there. If many teams do not bid, then the player will be sold at his base price of one crore rupees only. The base price is kept so that the player cannot be bought for less than that.
Who decides the base price?
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The players themselves decide their base price and tell it to the Board of Control for Cricket in India. Along with fixing the base price, the players also obtain a no-objection certificate from their board and present it to the BCCI. The base price of the players can range from Rs 20 lakh to Rs 2 crore. Very few players keep the base price of two crores and most of the big international cricketers are involved in this.
Uncapped players often keep their base price as low as Rs 20 lakh. Uncapped are those players who have not played international cricket for their country. Sometimes players with low base price are also sold for a very high price.
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