<p>The players auction for the next year's Indian Premier League (IPL) will be held in Kochi on December 23, a BCCI official said on Wednesday.</p>.<p>The Turkish city of Istanbul, Bengaluru, New Delhi, Mumbai and Hyderabad were also in contention to host the auction but, the BCCI evenatully opted for the coastal Kerala city.</p>.<p>"Logistically, and considering the dates, Kochi turned out to be the most suited option," a BCCI official told <em>PTI</em>.</p>.<p>Unlike the last auction, this year's will be a mini auction. The 10 IPL franchises have already been asked to submit their list of retained players by November 15.</p>.<p>Also, the salary cap is likely to be increased from Rs 90 to Rs 95 crore for the 2023 season. </p>
<p>The players auction for the next year's Indian Premier League (IPL) will be held in Kochi on December 23, a BCCI official said on Wednesday.</p>.<p>The Turkish city of Istanbul, Bengaluru, New Delhi, Mumbai and Hyderabad were also in contention to host the auction but, the BCCI evenatully opted for the coastal Kerala city.</p>.<p>"Logistically, and considering the dates, Kochi turned out to be the most suited option," a BCCI official told <em>PTI</em>.</p>.<p>Unlike the last auction, this year's will be a mini auction. The 10 IPL franchises have already been asked to submit their list of retained players by November 15.</p>.<p>Also, the salary cap is likely to be increased from Rs 90 to Rs 95 crore for the 2023 season. </p>