Business Standard reports: Starting Indian Premier League 2015, the big cricket tournament, will be the auctions for players on February 16 at Bengaluru.

Unlike the process in 2014, which spanned over two days, this year's will wrap up in one day. Manning the gavel this year as well will be professional auctioneer Richard Madley.

It is not known how many players will be involved, since the Board of Control for Cricket in India has pushed the deadline for franchises to give the final list of retained players to Wednesday. The teams have a total salary purse of Rs 63 crore for the 2015 season (five per cent increase over the 2014 one). The salaries of those retained will be deducted from this amount. As of now, the collective sum available for auction is Rs 134.65 crore.

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