Lanka Premier League 2024 ‘Player Auction’ gets underway at the Hilton Colombo.

420 players, both Sri Lankan and overseas, will go under the hammer during the much-awaited Lanka Premier League 2024 ‘Player Auction,’ which commenced at the Hilton Colombo a little while ago.

Out of the 420 players, 154 are Sri Lankans, while the remaining players are overseas.

Auction Rounds

The auction,started at 12 p.m.and will have 18 initial rounds, focusing on multiple talent options, such as batters, all-rounders, fast and spin bowlers, and wicket-keepers, with different segments for each criterion, such as capped batters, uncapped batters, etc.

Following the 18 rounds, the auction will move into the acceleration round(s).

Auction Purse

In total, the auction will have a collective purse of US$2.5 million from all five franchise teams, while each franchise will bring in a sum of US$500,000.

The teams will have to ensure that they invest a minimum of 85 percent of the purse they bring into the auction to form their respective squads.

Auctioneer

Charu Sharma, who was the auctioneer of the inaugural LPL player auction held last year, is the auctioneer of this edition as well.