IPL 2011 Auctions, the much awaited cricket picks ( Indian Premium League )

Indian Premier League (IPL) auctions for players have been scheduled on the 8th and 9th of January wherein above 400 cricket champs will be under the selling spree as teams make their required preferences.
Sources close to the team confirmed that the auction will be set in Bangalore and the number of players involved will be 416.
Under the regulations meant for IPL players can be retained by the team but the limitation is set on four players only.
Out of these four players only three can be Indian cricketers. This retaining also comes with a price as per the rules a deduction of $9 million will be done from the salary cap.
Chennai Super Kings and Mumbai Indians, the champion teams of last year’s league have been fully retained.
The former team has retained Indian cricket teams captain MS Dhoni along with Murali Vijay, Suresh Raina and Albie Morkel the all rounder of South Africa.
Mumbai Indians on the other hand has retained the cricketing legend Sachin Tendulkar along with players like Lasith Malinga, Harbhajan Singh and Kieron Pollard the powerhouse of West India.
In the auctions MI and CSK have spent their vast amount and are only left with $4.5 million to buy players which can also be through Ranji players that are not a part of the auction.
The Delhi team Daredevils has made a quick start with the swaggering player Virender Sehwag, while the Royal Challengers have held back Virat Kohli.
The Aussie players Shane Watson and Shane Warne have been retained by Rajasthan Royals.