Auction Rules

Auction Rules - Male

• Minimum 12 players – Maximum 14 players can be picked during auction.

• Total players available in Auction – Grade A – 30 Players and approx. 104 Grade B players.

• Team Composition – 3 (Grade A) + 9-11 (Grade B)

• Every player above 12 should participate in at least 1 sport

• 1 player can only play maximum 3 sports.

• 1 team table will have maximum 4 members at the time of auction. Team owners to provide the name at least 2 before auction to the VPL Committee

• Bidding/Auction to start with Grade A players and the names will be picked by lottery.

• Player Prices & Bidding Limits

Grade

Base Price (V Points)

Overall limit

Minimum players to be picked up

A

100000

Bidding cap for grade A player is 1000000 (Ten Lacs). So, if any player hits this cap and there are multiple teams interested in that player, the bidding will be decided by drawing of lots between interested teams. 1 team can acquire

only 1 player by participating in the cap.

3 (Maximum)

B

50000

Bidding cap for grade B player is 500000 (Five Lacs). So, if any player hits this cap and there are multiple teams interested in that player, the bidding will be decided by drawing of lots between interested teams. 1 team can acquire

only 1 player by participating in the cap.

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a) Total Maximum Amount that can be spent by team owners is 3000000 V points for Males.

b) The bidding multiple will be 20000 up to 500000 points. After 500000, the multiple will change to 50000.

c) Owners who will be playing for their own team will not be part of the auction and they will play for their own team. However, they have been graded and accordingly they will have their base price. Their purse will be deducted at the beginning of the auction with 3 times their base price. For Example, if Team X is having 3 owner players and 2 of them are grade A and 1 of them grade B then total of 750000 V points would be deducted from their purse and they can bid for only 1 Grade A player and 5 Grade B players. In case all 3 grade A players are also owners, total deduction will be 900000 and they will not be able to bid for any Grade A player in the auction.

d) All the teams will be given 1 Retention Card. This card enables the team to retain any 1 player from their team from VPL 1.0 after the auction for that player has taken place. They will have to use the retention card for a particular player within 10 seconds after the bidding for that player has concluded, else the player will be deemed to be sold to the highest bidder. Each team can only use this card once during the auction. Once the retention card is used, the bidding amount will be deducted from the team using the retention card.

e) The Player list along with all the player details will be provided separately.

f) In case a player backs out from VPL 2.0 after the auctions, then the committee will provide the team with a player from a similar grade. However, this can only be done if we have a waiting list of players.

g) The teams have a week’s time to make their wish list.

h) Final auction date is 11th December 2022. The timings are from 2pm onwards

Auction Rules - Female

• Minimum 5 players – A maximum 6 players can be picked during auction.

• There won’t be any grading for females. So, all the players will be in the same pool with the same base price.

• Total players available in Auction – Approx 56.

• Every player above 12 should participate in at least 1 sport

• 1 player can only play maximum 2 sports.

• Player Prices & Bidding Limits

Base Price (V Points)Overall limit

Minimum players to be

picked up

50000

Bidding cap for a player is 250000 (Two lac fifty thousand). So, if any player hits this cap and there are multiple teams interested in that player, the bidding will be decided by drawing of lots between interested teams. 1 team can acquire

only 1 player by participating in the cap.

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i) Total Maximum Amount that can be spent by team owners is 750000 V points for Females.

j) Minimum multiple for bidding is 20000 and the teams can raise any amount in 20000 multiples.

k) The Player list along with all the player details will be provided separately.

l) In case a player backs out from VPL 2.0 after the auctions, then the committee will provide the team with a player from a similar grade. However, this can only be done if we have a waiting list of players.

m) The teams have a week’s time to make their wish list.

n) Final auction date is 11th December 2022. The timings are from 2pm onwards