The player auctions for IPL 4 are scheduled today and as few as 12 players are being retained by their current franchisees. Add to that is the introduction of 2 new franchisees - Pune and Kochi. As the auction action heats up, the BCCI today entered the fray by placing its best "player", Lalit Modi, in the auction pool.
At a base price of 22 crores, Modi is the most expensive player. However, BCCI Treasurer N Srinivasan said that the price would not deter buyers. He said "1 Modi is equivalent to 100 other players (think Rajnikanth in Basha). Sachin and Dhoni are at a price of 1.8 cr each. We calculated 2 cr * 11 players would be a reasonable price for Modi. With his match fixing and betting contacts, you can win the IPL 4 without taking the field even. 22 cr is a small price to pay for the glory of winning IPL 4".
All 8 franchisees are reportedly considering the offer seriously.