2013 Hockey India League players' auction

2013 Hockey India League Players' Auction was the auction of players for the first season of the franchise-based field hockey tournament, Hockey India League. Auction was conducted by International Auctioneer Bob Hayton and took place on December 16 at The Lalit Hotel in New Delhi.

A total of 246 players were available for the auction out of which 93 were foreign player and 153 local. Each franchise had a purse of US$ 650,000 to spend in the auction on 24 players (14 Indian and 10 overseas) for a term of 3 years. Minimum base price for an Indian player was US$ 2,800 and for overseas player was US$ 5,000 under which franchise owners could not bid.

The franchise owners made silent bids for each of the five marquee players before the actual auction begun. Hockey India then revealed which marquee player will lead which franchise based on the maximum bids by all the owners. Each team's marquee player got a contract worth at least 115 per cent of the highest successful bid for a player of that team in the auction if the silent bid is not worth more than this amount.

Sandeep Singh was bought by Mumbai Magicians at his base price ($27,800) but Mumbai bought Australian Joel Carroll for $56,000 which raises Sandeep's annual purse to $64,400 due to the 115% rule. Similarly, Jamie Dwyer will fetch $78,200 (115% of with $68,000) and Moritz Fürste will earn $83,950 (115% of Ashley Jackson's $73,000). Dutchman Teun de Nooijer's annual purse is the highest of the league i.e. $87,400 (115% of V.R. Raghunath's winning bid of $76,000) whereas Sardar Singh's annual purse is the highest among Indian players ($78,000).

Each round of main auction involved bidding for 10 defenders, 10 forwards and 10 midfielders. 25 goalkeepers were auctioned all together in the first round.

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Wikipedia