<p>"The auction is to be held in Bangalore and a total of 416 playes would go under the auctioner's hammer," IPL sources said.<br /><br />Under the IPL Player Regulations, each of the founding franchises could retain up to four players (of which only three could be Indian) in advance of the player auction – against fixed deductions from the USD 9 million salary cap.<br /><br />Only Chennai Super Kings, the 2010 champions, and runners-up Mumbai Indians have retained the full compliment of players.<br /><br />CSK have retained captain Mahendra Singh Dhoni, Suresh Raina, Murali Vijay and South African all-rounder Albie Morkel.<br /><br />MI held on to batting legend Sachin Tendulkar, Harbhajan Singh, Sri Lanka's sling-arm pacer Lasith Malinga and West Indian powerhouse Kieron Pollard.<br /><br />By retaining four players, MI and CSK are each left with only USD 4.5m to spend either in the auction or in buying Ranji players outside the auction.<br /><br />Delhi Daredevils retained swashbuckling opener Virender Sehwag, Virat Kohli was retained by Royal Challengers Bangalore and Rajasthan Royals decided to keep their two Australian stars Shane Warne and Shane Watson. </p>.<p>Rajasthan Royals will have USD 5.9 mn available to spend while Delhi Daredevils and Royal Challengers Bangalore will each have a balance of USD 7.2mn available. The remaining franchises have the full USD 9mn available to spend.<br /><br />This is the second time in four years that the T20 franchise-based League's players' auction is being held outside Mumbai where the inaugural one took place in 2008.<br />Goa was the venue of the second players' auction in February 2009. </p>
<p>"The auction is to be held in Bangalore and a total of 416 playes would go under the auctioner's hammer," IPL sources said.<br /><br />Under the IPL Player Regulations, each of the founding franchises could retain up to four players (of which only three could be Indian) in advance of the player auction – against fixed deductions from the USD 9 million salary cap.<br /><br />Only Chennai Super Kings, the 2010 champions, and runners-up Mumbai Indians have retained the full compliment of players.<br /><br />CSK have retained captain Mahendra Singh Dhoni, Suresh Raina, Murali Vijay and South African all-rounder Albie Morkel.<br /><br />MI held on to batting legend Sachin Tendulkar, Harbhajan Singh, Sri Lanka's sling-arm pacer Lasith Malinga and West Indian powerhouse Kieron Pollard.<br /><br />By retaining four players, MI and CSK are each left with only USD 4.5m to spend either in the auction or in buying Ranji players outside the auction.<br /><br />Delhi Daredevils retained swashbuckling opener Virender Sehwag, Virat Kohli was retained by Royal Challengers Bangalore and Rajasthan Royals decided to keep their two Australian stars Shane Warne and Shane Watson. </p>.<p>Rajasthan Royals will have USD 5.9 mn available to spend while Delhi Daredevils and Royal Challengers Bangalore will each have a balance of USD 7.2mn available. The remaining franchises have the full USD 9mn available to spend.<br /><br />This is the second time in four years that the T20 franchise-based League's players' auction is being held outside Mumbai where the inaugural one took place in 2008.<br />Goa was the venue of the second players' auction in February 2009. </p>
