STOCK MARKET BSE NSE

HIL auction on December 1

Published: 09th November 2012 10:51 AM  |   Last Updated: 09th November 2012 10:51 AM   |  A+A-

The Hockey India League Players’ Auction will take place in New Delhi on December 1, nearly five weeks before the Hockey India League is scheduled to start, Hockey India Secretary-General and Hockey India League Chairman Narinder Batra announced on Thursday.

Batra termed the auction a massive landmark in the sport’s history. “The HIL Players’ Auction will be a massive landmark in the history of sport since there has been no precedent in any league. It will give the six franchises the opportunity to bid for the best players and complete their squads. We have no doubt that after the Players’ Auction we will have six squads that can offer the fans highly competitive hockey,” he said.

The base price for the players varies from $3000 to $25,000.  “The base priced for the players vary from $3000 to $25,000. Since the teams have a salary cap of Rs 3.5 crore each ($650,000), we are sure that all players picked will be delighted with the financial compensation they would be getting for playing in the league.”

Nearly 90 overseas stars and 150 Indian players have made themselves available for the HIL Players’ Auction. As many as 144 players will find buyers since each of the six teams will have a maximum of 10 overseas and 14 Indian players.

The inaugural edition of Hockey India League has already created waves of excitement in the hockey fraternity around the world, with players, coaches and technical officials expressing their eagerness to be involved.

The six-team tournament, to be played on a home-and-away basis, is scheduled to be held from January 5 to February 3. ESPN Star Sports will telecast the 33-match tournament, aimed to raise the profile of the sport in the country, live.

Stay up to date on all the latest Sport news with The New Indian Express App. Download now

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp