LPL 2023 Auction: 360 players to come under the hammer tomorrow

The Lanka Premier League (LPL) 2023 will reach new heights when it holds its first ever player auction tomorrow (14 June) at the Shangri La Hotel, Colombo.

Some of the top names in the cricketing world will come under the hammer at the LPL Auction.

A total of 360 players, both capped and uncapped, are registered to obtain a place to play in the 4th edition of the LPL 2023, Sri Lanka’s top domestic T20 competition with an international flavour.

Among the registered players are 156 overseas players and 204 domestic players. 

Auction Rounds
The Auction, which will start at 03:00 p.m. will have 51 rounds, focusing on multiple talent options, such as batters, all-rounders, fast and spin bowlers, and wicketkeepers, with different segments for each criterion, such as capped batters, uncapped batters, etc.

During the auction, a franchise will have to pick a minimum of 16 players, including four foreign players, as each franchise already has pre-signed two overseas players along with two Sri Lankan players.

Each franchise will also have to pick one under-21 Sri Lankan player at the auction, which is a mandatory requirement, an official release issued in this regard said. 

Auction Purse
In total, the auction will have a collective purse of USD 2.5 million from all five franchise teams, with each franchise bringing in a sum of USD 500,000.

The teams will have to ensure that they invest a minimum of 85% of the purse they bring into the auction to form their respective squads.

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