IPL 2008 Auction 1

The first auction was held on 20 February 2008. The total salary cap was set at US$5 million with a minimum of US$ 3.3 million to be spend. Players were divided into categories with Category-A, B, C and D representing prominent players. Remaining Wicket-keepers, All-rounders, Batsmen and Bowlers were kept in category-E, F, G and H respectively. 77 players signed up for auction including 48 foreign players. 75 players were auctioned with Mohammed Yousuf and Ashwell Prince remaining unsold. MS Dhoni was the costliest player at US$1.5 million. Andrew Symonds was the most costly foreign player. The unsold players were paid their base price by the BCCI. Jaipur was fined for not reaching the minimum spending of US$3 million.