IPL Auctions

[skthewimp]

The IPL auction is due to start in an hour. I seriously wish I were there. Preferably representing one of the franchises, maybe the UB group. Every franchise team there needs one guy who is good at economics and quantitative stuff. I'm kicking myself for not thinking on these lines earlier.

The structure of the auction itself is interesting.

Comments

[anonymous]

I don't think the entire sum goes to bcci. They only keep 20% of (bid value - base price) I think. Rest goes to the player.