RCB during their IPL match. (Source: BCCI)

The players’ auction for the IPL 2020 will be held on December 19 in Kolkata. “The IPL auction will be in Kolkata on December 19. It’s a departure from the traditional venue of Bengaluru,” an IPL Governing Council member said on conditions of anonymity after the meeting.

While the franchises were allotted with Rs 82 crore each for IPL 2019, they will now have Rs 85 crore each for the upcoming season. Every franchise will also have an additional purse of Rs three crore in addition to the balance from the last auction.

Funds left with franchises ahead of IPL 2020 auction:

Chennai Super Kings – Rs 3.2 crore, Delhi Capitals – Rs 7.7 crore, Kings XI Punjab – Rs 3.7 crore, Kolkata Knight Riders – Rs 6.05 crore, Mumbai Indians – Rs 3.55 crore, Rajasthan Royals – Rs 7.15 crore, Royal Challengers Bangalore – Rs 1.80 crore, Sunrisers Hyderabad – Rs 5.30 crore.