Here's How Much Each IPL Team Can Spend In The Player Auctions Before Season 10

The Indian Premier League player auctions for the 2017 season have been scheduled for February 20 in Bengaluru where as many as 76 players will be bought by the franchises.

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As per current status, over 750 players will go under the hammer at the Ritz-Carlton hotel. Initially scheduled to be held on February 4 (Saturday), the event was deferred in the wake of the Supreme Court order that led to an administrative crisis in the BCCI with its president Anurag Thakur and secretary Ajay Shirke being removed for not implementing the Lodha panel recommendations. There were also some reports suggesting that the event might be moved to Mumbai. However, with the following tweet, the speculations have been laid to rest.

NEWS ALERT - 2017 VIVO #IPL Player Auction will be held on Monday, 20th February in Bengaluru #IPLauction pic.twitter.com/XB7BR0iTcB

¡ª IndianPremierLeague (@IPL) February 3, 2017

The BCCI issued a release which read: "The IPL franchises will go into the player auction with a maximum of INR 143.33 crore purse for 2017 season. The teams can have a maximum of 27 players including 9 overseas players. A maximum of 76 players, including 28 overseas, can be bought at the auction."

It was announced by the BCCI that once the auction concludes, day-long workshops will be organised by each franchise the next day.

Here's how much each club can spend in the upcoming auctions:

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A total of 140 cricketers, including 44 overseas players, were retained, while 63 were let go by the eight franchises. BCCI had already released the list of retained players on December 19, 2016.

The tournament will begin on April 5 with the final slated to be held on May 21.