‘Trade’ suddenly has become something of a buzzword in the cricketing world over the past few days, all thanks to the Indian Premier League (IPL) that has become a central talking point among experts and fans alike. The world biggest T20 league, after all, is gearing up for another round of pitched battles, albeit in a glitzy hotel instead of a cricket stadium, with the player auction taking place on 19 December in Dubai. Let’s Deep Dive into the Player Trade System for Indian Premier League (IPL) 2024 Auction.
The ten franchises were required to disclose their lists of retained and released players by Sunday. However, they are permitted to make last-minute adjustments through trades up to one week before the auction date.
The primary focus of discussion during the trading window revolved around Hardik Pandya‘s comeback to the Mumbai Indians following a stint of two seasons with the Gujarat Titans.
Reports about Pandya making a comeback to the team where he played for seven seasons since his IPL debut in 2015 were circulating in the days leading up to the IPL retention deadline on Sunday, 26 November.
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Pandya successfully led the Titans to a title victory in the franchise’s inaugural season in 2022 and secured a runner-up finish the following season. Initially retained as their captain on Sunday, Pandya’s transition to the Mumbai Indians was officially announced the following day. The all-cash deal, valued at Rs 15 crore, was described by Pandya as a “coming home.”
To accommodate him in the team, Mumbai Indians, five-time champions, decided to trade all-rounder Cameron Green to the Royal Challengers Bangalore for Rs 17.5 crore. This amount was the same as his acquisition cost in the previous auction when he was bought by the Rohit Sharma-led side. Now, let’s delve into the concept of the trading window and understand how it differs from the player auction.
All You need to Know about IPL 2024 Trade
— ESPNcricinfo (@ESPNcricinfo) November 27, 2023
In contrast to auctions, where players are acquired by franchises through bidding, a trade occurs directly between two teams. The trade process is relatively simpler than auctions, where franchise representatives can become quite enthusiastic about highly sought-after players. A trade occurs when two teams engage in a direct player swap or when the acquiring franchise compensates the amount at which the player was originally purchased in the auction. In cases where there is a disparity in their valuations, the franchise with the player of lower value is responsible for covering the price difference.
GT secured Pandya for Rs 15 crore following his release from MI before the 2022 mega auction. This was the same amount Mumbai needed to reacquire him before IPL 2024 Auction. Ahead of the retention deadline on Sunday, Lucknow Super Giants exchanged Avesh Khan with Rajasthan Royals’ Devdutt Padikkal. In a similar move, Royal Challengers Bangalore’s Shahbaz Ahmad and Sunrisers Hyderabad’s Mayank Dagar switched franchises on the same day.
It’s important to highlight that franchises may incur a transfer fee in addition to the player’s cost when engaging in a trade. The transfer fee, undisclosed to the public, has no impact on the auction purse of the receiving franchise. It is equally important to emphasize that both the player and the owning franchise at the time of the trade initiation play a role in the process. The player’s consent is necessary for the successful completion of a trade, and the home franchise holds the ultimate decision-making authority before the trade is officially declared complete.
How long does the trading window remain open?
IPL TRADING WINDOW IS OPEN TILL 12TH DECEMBER…!!! pic.twitter.com/2AmOxkzS5L
— Mufaddal Vohra (@mufaddal_vohra) November 26, 2023
The IPL trading window becomes operational one month following the conclusion of a season and continues to be active until a week prior to the auction. This allows franchises to engage in player trades until December 12. Subsequently, the window is reactivated on the day following the auction and remains open until one month before the commencement of the next season.