IPL Auction 2016 Live Updates & Results
FEBRUARY 6, 2016 BY TOTALSPORTEK26 COMMENTS

IPL Auction 2016 – Day 1 Coverage:
Auction day 1 starts at 09:00 am india time / 03:30 am uk time.
Channels: Sony Six to broadcast the auction in India while NeoSports is set to broadcast live in USA

Auction is set to take place on 6 February 2016. below is the live updates and results from the IPL Auction day 1 taking place in Bangalore. We will be updating complete list of players bought and their prices after the day 1 auction finishes.

See Also: Most expensive IPL players

Team Budget and Spending: All teams started with Rs. 66 crore budget for 2016 IPL season but with retaining players they have already spent part of it. here is the details on what is left for every team to spend in IPL auction 2016.

IPL 2016 Team Squads
TEAM SQUADS
NOTABLE AUCTION BUYS
Delhi Daredevils
Chris Morris (7 crores)
Kings XI Punjab
Mohit Sharma (6.5 crores)
Kolkata Knight Riders
Jaydev Unadkat (1.6 crores)
Mumbai Indians
Nathu Singh (3.2 crores)
Royal Challengers Bangalore
Shane Watson (9.5 crores)
Sunrisers Hyderabad
Yuvraj Singh (7 crores)
Rising Pune Supergiants
Mitchell Marsh (4.8 crores)
Gujarat Lions
Karun Nair (4 crores)
IPL AUCTION 2016 RESULTS
PLAYERS
BOUGHT BY
PRICE
Kevin Pietersen
Rising Pune Supergiants
3.5 crores
Dwayne Smith
Gujarat Lions
2.3 crores
Ishant Sharma
Rising Pune Supergiants
3.8 crores
Shane Watson
Royal Challengers Bangalore
9.5 crores
Ashish Nehra
Sunrisers Hyderabad
5.5 crores
Yuvraj Singh
Sunrisers Hyderabad
7 crores
Dale Steyn
Gujarat Lions
2.3 crores
Sanju Samson
Delhi Daredevils
4.2 crores
Jos Buttler
Gujarat Lions
2.3 crores
Chris Morris
Delhi Daredevils
7 crores
Colin Munro
Kolkata Knight Riders
30 Lakhs
Stuart Binny
Royal Challengers Bangalore
2 crores
Mitchell Marsh
Rising Pune Supergiants
4.8 crores
Dhawal Kulkarni
Gujarat Lions
2 crores
John Hastings
Kolkata Knight Riders
1.3 crores
Praveen Kumar
Gujarat Lions
3.5 crores
Tim Southee
Mumbai Indians
2.5 crores
Mohit Sharma
Kings XI Punjab
6.5 crores
Carlos Brathwaite
Delhi Daredevils
4.2 crores
Marcus Stoinis
Kings XI Punjab
55 lakhs
Mustafizur Rahman
Sunrisers Hyderabad
1.4 crores
Jaydev Unadkat
Kolkata Knight Riders
1.6 crores
Kyle Abbott
Kings XI Punjab
2.1 crores
Barinder Sran
Sunrisers Hyderabad
1.2 crores
Abhimanyu Mithun
Sunrisers Hyderabad
30 lakhs
RP Singh
Rising Pune Supergiants
30 lakhs
Travis Head
Royal Challengers Bangalore
50 lakhs
Irfan Pathan
Rising Pune Supergiants
 
Karun Nair
Gujarat Lions
4 crores
Sachin Baby
RCB Bangalore
10 lakhs
Paras Dogra
Gujarat
10 lakhs
Ishan Kishan
Pune Supergiants
35 Lakh
Aditya Tare
Sunrisers Hyderabad
1.2 crore
Eklavya Dwivedi
Gujarat
1 crore
Iqbal Abdulla
RCB Bangalore
10 Lakh
Deepak Hooda
Sunrisers Hyderabad
4 crore
Ankit Sharma
Pune Supergiants
10 Lakh
Pawan Negi
Delhi
85 Lakh
Pradeep Sangwan
Gujarat
20 Lakh
Nathu Singh
Mumbai
3.2 crores
Ishwar Pandey
Pune Supergiants
20 lakhs
Ankit Rajpoot
Kolkata
1.5 crore
Pravin Tambe
Gujarat
10 Lakh
Shivil Kaushik
Gujarat
10 Lakh
Sarabjeet Ladda
Gujarat
10 Lakh
M Ashwin
Pune Supergiants
4.5 Crore
KC Cariappa
Kings XI Punjab
80 Lakh
Aaron Finch
Gujarat
1 crore
Sam Billings
Delhi Daredevils
30 Lakh
T Suman
Sunrisers Hyderabad
10 Lakh
Umang Sharma
Gujarat
10 Lakh
Peter Handscomb
Pune Supergiants
30 Lakh
Jitesh Sharma
Mumbai
10 Lakh
Armaan Jafeer
Kings XI Punjab
10 Lakh
Jason Holder
Kolkata
70 Lakh
Andre Tye
Gujarat
50 Lakh
Ben Cutting
Sunrisers Hyderabad
50 Lakh
Thisara Parera
Pune Supergiants
1 crore
Shabad Jakati
Gujarat
20 Lakh
Rajagopal Satish
Kolkata
20 Lakh
Vijay Shankar
Sunrisers Hyderabad
35 Lakh
Praveeen Dubey
RCB Bangalore
35 Lakh
Baba Aparajith 
Pune Supergiants
10 Lakh
Manan Sharma 
Kolkata
10 Lakh
Akshdeep Nath 
Gujarat
10 Lakh
Akshay Karnewakar 
RCB Bangalore
10 lakhs
Deepak Punia 
Mumbai
10 lakhs
Krunal Pandya 
Mumbai
2 crores
Pardeep Sahu 
Kings XI Punjab
10 lakhs
KP Kamath 
Mumbai
1.4 crores
Joel Paris 
Delhi Daredevils
30 Lakh
Pratyush Singh 
Delhi Daredevils
10 Lakh
SK Ahmed 
Delhi Daredevils
10 Lakh
Samuel Badree 
RCB Bangalore
50 Lakh
Kane Richardson 
RCB Bangalore
2 crore
Ashok Dinda 
Pune Supergiants
50 Lakh

IPL Auction 2016 Rules & Regulations
RULE
DETAILS
Date & Time
6 February 2016 in Bengaluru
Participating Teams
Pune and Rajkot are added for the next two seasons as Chennai & Rajasthan are suspended for 2 seasons
Players Retained
Every franchise can retain players from the previous squad (Pune & Rajkot drafted 5 players each from Chennai & Bangelore last years squads)
Spending Cap
$5 million
Minimum Salary
$50,000
Under-22 players min Salary
$22,000