Kolkata to host IPL 2020 auction on December 19

New Delhi Correspondent

For the first time, Kolkata will host the auction for cricketers for the next Indian Premier League (IPL) on December 19.

In the past, the auctions for the hugely popular competition, which is usually  held between April and May every year, had been held mostly in Bengaluru so far. The inter-IPL franchise trading window now open will close on November 14 and all the franchises were informed about it on Monday.

While the franchises were allotted Rs 82 crore each for the IPL 2019, Rs 85 crore have been allocated for the 2020 season.

The franchises were originally allotted Rs 85 crore to build their teams for 2020. Every franchise will also have an additional purse of Rs three crore in addition to the balance in their kitties from the last auction.

Delhi Capitals have the biggest balance -- Rs 8.2 crore, followed by Rajasthan Royals at Rs 7.15 crore and Kolkata Knight Riders at Rs 6.05 crore.

This year's auction is the last one before the franchises disband next year and prepare to assemble fresh squads from 2021 at a mega auction.