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Analysis of IPL auctions (Relevant for GS Prelims and GS Mains Paper II)

Ben Stokes became the most expensive overseas player at an IPL auction when he was signed for Rs. 14.5 crore.  Karn Sharma, meanwhile, became the costliest Indian player on the day, attracting a hefty bid of Rs. 3.2 crore.

Total amount spent
A total of 66 players were bought, with the eight franchises spending a sum of Rs. 91.15 crore.

What such huge spending on cricketers show?
This is indicative of high level of commercialization in sports. Sports have become more like a business enterprise.

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