Bangalore: A total of 216 players went under the hammer on day one but only 70 were sold with Yuvraj Singh ending up as the top-earner, bought by Royal Challengers Bangalore for a whopping Rs. 14 crore.
Delhi Daredevils, who are building their team from a scratch, bought the most number of players (13), followed by Sunrisers Hyderabad (11), Kings XI Punjab (10), Chennai Super Kings and Kolkata Knight Riders (8 each), Royal Challengers Bangalore (9), Rajasthan Royals (6) and Mumbai Indians (5).
Franchises didn't hold themselves back, largely in the opening session, going on a spending spree that saw Bangalore fighting out for Yuvraj and Delhi spending as many as Rs. 12.5 crore to bring wicketkeeper-batsman Dinesh Karthik back in their camp.
RCB splashed as many as Rs. 14 crore on Yuvraj Singh while Delhi spent Rs. 12.5 crore on wicketkeeper-batsman Dinesh Karthik as the highlights on Day 1.
Yuvraj became the costliest player of the season, earning more than the amount paid (Rs. 12.5 crore) to the first player retained by the franchises during the retention window in January, which included names like Mahendra Singh Dhoni and Virat Kohli.
A cash-rich Wednesday followed a happy Tuesday for Yuvraj who, after being named in India's World T20 squad, raked in crores. Same can be said about Karthik - minus the joy of playing for India as he is not part of either the Asia Cup squad or the ICC World T20.
Yuvraj played for now-defunct Pune Warriors India after making his IPL debut as the captain of Kings XI Punjab in 2008. But owing to some differences with the team management, the stylish left-hander parted ways with the Punjab franchise.
But after RCB captain Kohli made his desire for Yuvraj apparent to his IPL employers, Vijay Mallya went all out for the southpaw. Yuvraj and Karthik were part of the 16 marquee players who were first put up for auction at a base price of Rs. 2 crore each.
Kevin Pietersen was the other top-grosser, when a bidding war saw him being lapped up by Sunrisers Hyderabad before Delhi Daredevils decided to use their 'Right to Match' to keep him on their side for Rs. 9 crore.
Same, however, can't be said about stalwarts like Mahela Jayawardene, Ross Taylor and Tillakaratne Dilshan, who were among the large pool of 146 players who remained unsold on Wednesday. They may be brought back into the pool on Thursday if the majority of franchises vote for them.
Mahela Jayawardene, Ross Taylor, Tillakaratne Dilshan and most of the England players were some of the big names among a large pool of 146 players that remained unsold. Jesse Ryder too remained unsold, largely due to his omission from the New Zealand squad following a late-night drinking binge.
Australia's Ashes hero Mitchell Johnson must not now be feeling the pain of not being retained by Mumbai after Kings XI Punjab doled out Rs. 6.5 crore for the express bowler.
Compared to Yuvraj Singh, Virender Sehwag generated meek interest from the bidders and went for just Rs. 3.2 crore to Punjab. There were also huge pay-cuts in store for the Pathan brothers - while Yusuf was sold for Rs. 3.25 crore, Irfan took home Rs. 2.4 crore.
Apart from Ishant Sharma and Zaheer Khan, young Indian bowlers invited a lot of interest, which resulted in a good selling price in the end. Ishant was bought back by Hyderabad for Rs. 1.9 crore, while Zaheer will now wear the Mumbai jersey. MI bought him for Rs 2.6 crore.
Young India pacers Mohammad Shami and Bhuvneshwar Kumar also added a lot of moolah to their coffers. They pushed Rs. 4.25 crore each into their wallets - with Shami going to Delhi and Bhuvneshwar to Hyderabad.
Jaydev Unadkat surprisingly earned more than Ishant and Zaheer as Delhi shelled out as many as Rs. 2.8 crore for the left-arm pacer. Ashish Nehra, whose bidding started at Rs. 2 crore, was taken at his base price by Chennai. Mohit Sharma was bought back by Chennai for Rs. 2 crore, capping a good day for the Indian pacers.
It was also a good day for the Indian legspinners. Piyush Chawla pocketed Rs. 4.25 crore and will play for Kolkata. Hyderabad used their 'Right to Match' to keep Amit Mishra in their dugout after his bidding ended in favour of Delhi Daredevils at Rs 4.75 crore.
Talk of the town before the auction, New Zealand allrounder Corey Anderson wasn't fought for as fiercely as expected. Mumbai lapped him up for Rs. 4.5 crore.
Glenn Maxwell, who became a million-dollar baby during last years' auction, raked in another 6 crore on Wednesday - going to Punjab.
Purse left with each franchise:
KKR: They need six more players to complete their squad with Rs. 9 crore left.
Delhi: The Daredevils need 3 more players to reach the figure of 16; they have Rs. 8.6 core in the bag.
Punjab: They are four players short but still have Rs. 14.20 crore left.
Chennai: The two-time IPL champions have just Rs. 2.9 core in the bank. They still need three players.
Mumbai: MI have to buy at least 6 players with Rs. 5.15 crore.
Bangalore: Bangalore need four more players for a squad of 16. They have Rs. 1.8 crore left
Hyderabad: The Sunrisers have Rs. 8.4 crore and need a minimum of three more players
Rajasthan Royals: RR have to buy 5 players; they have Rs. 12.10 core left with them.