The process involves a blend of strategy, finance, and talent assessment, making it a notable event in the sports calendar.
[9] Players must be put for auction by their respective cricket associations and meet the eligibility criteria set by the BCCI.
Uncapped players have US$5,000, US$10,000 or US$20,000 depending on their domestic and franchise cricket performance and experience.
[11] Interested MLB clubs gave sealed bids for a specific player to the Commissioner's Office within 4 days.
[13] In comparison, the Major League Baseball uses a sealed bid auction for free agents.
[13] Analysis of the data of 2008's IPL tournament has shown that youth and certain nationalities have a positive effect on the price of a player.
"[6] Cricket New Zealand CEO Heath Mills added to Tewari's disapproval: "Apart from the public disappointment of players being passed in, those who are picked up are treated badly by modern standards.
"[6] However, Prof. Cate Watson has argued that the commercialisation of cricket and its players has enhanced the spirit of the game.