The economy across the world continues to struggle but the Indian Premier League and its franchises just seem to buck the recession every year.
On Sunday, at the sixth auction, the nine teams spent a combined total of $11.89 million (Rs.64 crore approximately) on purchasing 37 players, as against 25 players at last year's event.
This increase of 12 players was surprising, given that they will all be on one-year contracts since this is the final year of the IPL's three-year cycle of player deals. Next year all the players, except the limited number the franchises choose to retain, are expected to return to the auction pool and the teams will be rebuilt from scratch.
The lone million-dollar man at the IPL auction, Glenn Maxwell was playing for Australia against the West Indies as the news would have filtered through. Unsurprisingly his performances went up after being valued at a million, ultimately picking up 4 wickets in the Australian victory in the 2nd ODI. Glenn Maxwell's stock has risen over the past year, and has found himself a place in the Australian Test squad for their tour of India. He was a constant fixture during the World Twenty20 campaign and the 24-year-old is primed to serve the Mumbai Indians in IPL 6. Glenn Maxwell holds the record for the fastest one-day fifty in Australia's domestic history. The Victoria batsman achieved the feat when he struck a 19-ball half-century against Tasmania during 2010-11 season. Read More
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