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.
This year's auctions will wrap up in one day.
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.