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Player auction is a significant aspect of modern sports leagues, prominently observed in cricket and baseball,[1] where teams bid to acquire the services of players for a specific tournament or season. The process involves a blend of strategy, finance, and talent assessment, making it a notable event in the sports calendar.
A cricket player auction is an event where cricketers are auctioned off by teams for money.[2] Cricket player auctions are held by cricket leagues from India, Pakistan, Sri Lanka, Bangladesh and Australia. First cricket player auction was held in 2008 by Indian Premier League.[3] In India, a player auction is a popular show and is broadcast on television.[2]