"the impetus for switching from a player draft to an auction has come from the new overseas investors, four of whom also own IPL teams, who having committed 975m to buying stakes of between 49% and 100% in the eight Hundred franchises, understandably want to control its future."
"For the first five editions of the Hundred recruitment operated via a draft system, with players registering themselves at one of five fixed salary bands, and the franchises taking it in turns to select five players from each to complete a squad."
"The auction has been introduced to inject more competition into the recruitment process, while several of the new investors have made little secret about their desire to break up the Oval Invincibles squads that have dominated the Hundred, winning a third successive title in the men's competition last year."
The Hundred is transitioning to an auction-based player recruitment system, replacing the five-edition draft format. New overseas investors, including four IPL team owners, have invested £975 million in the eight franchises and are implementing this change to increase competition and control. Players are categorized as Hero, Ranked, or Nominated based on franchise interest. The women's auction occurs first, followed by the men's auction 24 hours later, with 425 total players available. This shift aims to break up dominant teams like the Oval Invincibles, who have won multiple consecutive titles. The auction represents a significant evolution toward the scale and structure of the Indian Premier League.
Read at www.theguardian.com
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