Jaipur team fined for spending less in IPL auction

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Posted online: Thursday , February 21, 2008 at 03:51:05

New Delhi, February 21: The Jaipur franchise has been penalised for spending less amount than the mandatory sum set by the Indian Premier League organisers for players' auction in Mumbai.

The Jaipur team was required to spend USD 3.3 million (approx Rs 13.17 crore) but they ended up shelling out only USD 2.9 million (approx Rs 11.8 crore) for eight players.

"The Jaipur team has been penalised for spending less than the mandatory amount in yesterday's players' auction," IPL Chairman Lalit Modi said on Thursday.

"In penalty, they will have to pay the difference to the

orgnisers," he said.

Five of the eight franchises, however, spent more than the maximum limit of USD 5 million. As per the IPL rules if a player is expected to be "either completely unavailable or only available for less than four of the matches in 2008, 25 per cent of the fee bid for that player in the auction will count against the USD 5 million purse".

Jaipur have bought Mohammad Kaif (Rs 2.7 crore), Graeme Smith (Rs 1.9 crore), Yusuf Pathan (Rs 1.9 crore), Shane Warne (Rs 1.7 crore), Munaf Patel (Rs 1.1 crore), Younis Khan (Rs 90 lakh), Kamran Akmal (Rs 60 lakh), Justin Langer (Rs 80 lakh).

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Comments - 4

Cricket - hot by Ghosh Gautam on 22 Feb 2008

Any thermometer ? With global warming it will be 44* C temperature in May for IPL cricket matches ? Too hot - so play only in cooler Bangalore and Dharamshala HP.

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Manish by Manish on 22 Feb 2008

That's true.

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Manish by Manish on 21 Feb 2008

That's true.

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NS by Roan on 21 Feb 2008

Well they see the whole thing as business and not want to spend money, get the most without foking out any.Thats pure business, but the players has to feel better and appreciated for there time and commitment.Cricket should be the winner here,the players has to get the reserve price.Cricketers has to well looked after.Kindly tell Mr Wadia not exploit the situation.

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