The prize money to be distributed among the top-four teams stays at 50 crore but the play-off standing fund to be distributed among the franchisees has been slashed from 50 crore to 25 crore.
As many as 76 players including 28 from overseas will go under the hammer at the 2017 Indian Premier League auction to be held in Bengaluru on February 20.
Bollywood actress Preity Zinta, who has accused her former boyfriend and businessman Ness Wadia of molestation and abuse, on Saturday said she had to take the "stern step" as the incident took place in front of "way too many people" and hoped the police will do their job "fairly and quickly".
Kings XI Punjab speedster Andrew Tye heaped praise on his side's explosive opener Chris Gayle, saying the West Indian played to perfection during his unbeaten knock of 104 against Sunrisers Hyderabad in Thursday's IPL match in Mohali.
67 players, including 23 overseas, were sold and Rs 86.8 crore spent on them by the eight franchises in Bangalore on Monday.
Unheralded teenagers Prabh Simran Singh and Prayas Ray Barman attracted astonishing bids during the IPL Players' Auction on a day when superstar Dale Steyn went unsold and once a hot-property Yuvraj Singh went for his base price.
Defending champions Mumbai Indians will be aiming to sort their 'opening woes' in both departments of the game when they take on a rejuvenated Kings XI Punjab in a must-win Indian Premier League encounter, in Indore, on, Friday.
Will get money's worth if Gayle, Yuvi can win even two games, says Sehwag
He has played only two IPL games so far. In each, he has been the Man of the Match.
Wriddhiman Saha smashed a 55-ball 93 before the Kings XI Punjab pacers bowled an excellent spell in the death overs to help the visitors edge past Mumbai Indians by seven runs in a thrilling finish, in the Indian Premier League, in Mumbai, on Thursday.
Playing down Justice Mudgal committee's report on corruption in the IPL, Royal Challengers Bangalore owner Vijay Mallya said scandals were a part and parcel of the every sport and the brand value of the cash-rich event remained unaffected.
Rediff.com encapsulates all the sporting action from the past week in this eye-catching photo feature.
After his stellar all-round performance against Kings XI Punjab went in vain, senior off-spinner Harbhajan Singh attributed Mumbai Indian's 18-run loss to top-order collapse.
Royal Challengers Bangalore director P A Murali revealed the strategy behind not retaining Yuvraj Singh, saying it was to ensure that the purse of other teams are exhausted and help them get better cricketers for IPL 8.
IPL's Governing Council will have a meeting with the owners of all 10 franchises in Mumbai on Wednesday to discuss the various key issues of this year's players auction.
The 11th edition of the Indian Premier League (IPL) kicks off on Saturday with two reinstated teams and a new broadcaster in a fresh testament to its undiminished appeal to India's incurably cricket-obsessed masses.
There will be a strong focus on buying uncapped Indian players with eight franchises gearing up to pick a maximum of 76 out of the 350 plus, who will go under the hammer at the auction for the 10th Indian Premier League.
A look at the top 10 purchases at the IPL auction.
A look at the top tweets from your favourite Bollywood celebrities.
Despite all the controversies, the IPL's brand value hasn't diminished. Instead, says Harish Kotian/Rediff.com, the IPL made the BCCI richer by over Rs 3 billion!
You pick the cheerleaders' team you like best.
The dark underbelly of IPL was exposed again after three people, including an insider with pitch access, were arrested at Kanpur for allegedly running a betting racket during Wednesday's IPL match between Delhi Daredevils and Gujarat Lions.
In terms of viewership, the IPL even outperformed some of the pay-per-view matches of the Premier League in Britain.
Glenn Maxwell produced yet another blazing innings with the bat before Lakshmipathy Balaji returned a four-wicket haul as Kings XI Punjab registered a crushing 72-run win over Sunrisers Hyderabad in the Indian Premier League.
A look back at 2014 in Bollywood as we inch closer to a new year!
The broadcast made an estimated Rs20 billion in ad sales revenues from the IPL this year
This is the story of one Narendra Bunde, a resident of Nagpur and a 'cricket astrologer' by profession.
From working as a labourer on a daily wage of Rs 60 to fetching an Indian Premier League contract worth Rs 20 lakh, Jammu and Kashmir batsman Manzoor Dar has covered a distance more awe-inspiring than the 100-metre sixes he is known for.
Decoding the pros and cons of the IPL series were James Astill, the author of The Great Tamasha: Cricket, Corruption and the Turbulent Rise of Modern India, Soumya Bhattacharya who wrote You must Like Cricket?, Congress MP Shashi Tharoor and journalist Rajdeep Sardesai.
These desi hotties could stop traffic!
Manish Pandey played a blinder as Kolkata Knight Riders held their nerves to beat a spirited Kings XI Punjab by three wickets in an exhilarating summit clash to win the seventh edition of the Indian Premier League in Bangalore on Sunday.
Yuvraj Singh has emerged as the costliest cricketer in the IPL 8 players' auction, bought for a record Rs 16 crore (USD 2.57 million approx) by Delhi Daredevils.
While the auction ahead of the ninth edition, starting in April, was great for Indian players in general, there were a few surprises in store. Rediff.com takes a look at the Indian players who secured themselves the best deals.
Hit by scams in recent times, the IPL is yet to prove a good business move for its franchisees.
Not Out! is a brilliant analysis of the IPL that explains why it alternates between thrill and scandal, says Dhruv Munjal.
The IPL, all of a sudden, may have some catching up to do with the Big Bash.
The IPL has the potential to make cricketers among the best paid athletes in the world if you look at what they will earn per hour.change that.
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