The lucrative Indian Premier League (IPL) auction started this morning with bang. Mumbai Indians paid a whopping $1 million (Rs.5.3 crore) to get Aussie all-rounder Glenn Maxwell had a base price of $200,000 to play for their side.
While MI also bought the retired Australian skipper Ricky Ponting for base price of $400,000 (Rs.2.1 crore), Vijay Mallaya owned, Bangalore-based Royal Challengers paid the same amount to cement the place of Indian pacer RP Singh in its squad. Pune Warriors bought current Australian skipper Michael Clarke for base price of $400,000 (Rs.2.1 crore).
Delhi Daredevils paid a whopping Rs2.3 crore for South African all-rounder Johan Botha. Aussie batsman Luke Pomersbach, who had a base price of $50,000, was bought for Rs.1.5 crore by Kings XI Punjab.
Australian all-rounder James Faulkner, with a base price of $100,000, was bought for four times that amount (Rs.2.1 crore)by Rajasthan Royals, while Indian all-rounder Abhishek Nayar would play for Pune Warriors for a fee of Rs.3.5 crore ($675,000).