All you need to know about who may land the big money at the 2024 ...

Aijaz Rahi/AP

Rachin Ravindra’s form with the bat for New Zealand at the World Cup could see him picked up in the 2024 IPL auction.

Rachin Ravindra may find himself in the unusual position on Tuesday night (NZ time) of being unwanted by the Black Caps, but hot property for IPL franchises.

The 2024 men’s Indian Premier League auction will be held in Dubai, starting at 8.30pm (NZT) with the New Zealand allrounder up for grabs.

Ravindra wasn’t selected for the Black Caps squad for the upcoming T20 series at home against Bangladesh after Christmas, but his starring role at the ODI World Cup recently could sway one of the franchises to bid for him, at a relatively cheap price.

Here’s all you need to know about the 2024 IPL auction:

How does the auction work?

The players up for auction are divided into three categories – Indian capped, Indian uncapped and overseas players. The players are also grouped into sets based on their specialty skills.

The auction will begin with capped players, starting off with batters, followed by allrounders, wicketkeepers, fast bowlers and spinners in the listed order. The same sequence will be followed for the uncapped players.

For a player to be sold, he has to initially fetch his base price, set prior to the auction. Teams will make bids for the player, with the highest bidder gaining their services for the 2024 season.

Unsold players can re-enter the auction through accelerated rounds if franchises submit their names.

How many overseas slots are available?

From an initial auction pool of 1166 players, the list of players who will go under the gavel on Tuesday is now just 333.

Just more than a third – 119 players – are from outside India. Fourteen of those are New Zealanders, while five members of the national side have already been retained for the upcoming season by their 2023 franchises.

A maximum of 77 slots are available, with 30 of them set for overseas players.

Which Black Caps are most likely to be snapped up?

Rachin Ravindra has been tipped to be snapped up following his World Cup exploits in India, and is listed at a base price of just 50 lakh (approximately NZ$100,000).

His breakthrough performances at the tournament and his family heritage has given him a huge profile in India – he leapt into the top 10 of Google's Trending Athletes for 2023 after his exploits.

The Sunrisers Hyderabad and Rajasthan Royals look the most likely homes for Ravindra.

Ashwini Bhatia/AP

New Zealand's Lockie Ferguson is up for auction after being released by the Kolkata Knight Riders after the 2023 IPL season.

Pace bowler Lockie Ferguson has been a good performer in the competition since making his debut in 2017, but played just three games for the Kolkata Knight Riders this year and wasn’t retained, and at 200 lakh (NZ$392,000) could struggle to find a buyer.

Colin Munro last played a T20I for New Zealand in February 2020, but remains a sought-after batter in T20 franchise cricket, starring early this summer in the BBL with the Brisbane Heat. At 150 lakh (NZ$294,000), the 36-year-old may get a few looks.

Daryl Mitchell had a strong ODI World Cup and is a dynamic hitter with possible appeal at a base price of 100 lakh (NZ$196,000).

How will the Black Caps follow the auction?

It will be shown live on Sky Sport 2 from 8.30pm, meaning a potentially late night for some Black Caps as they watch the night before their 11am second ODI against Bangladesh in Nelson on Wednesday.

Ravindra and Mitchell are the first Black Caps to go up, in the first group of allrounders.

The action will also be covered minute-by-minute by a number of websites, including ESPNcricinfo, and on social media sites like X.

What about Ravindra - is there too much hype around his chances?

The 24-year-old wasn’t selected in the New Zealand T20 squad for the upcoming series against Bangladesh.

His international and domestic T20 record is not compelling – the left-handed bat and left-arm spinner averages 16 with the bat (at a strike rate of 123) and 27 with the ball from his 52 professional T20 matches.

But the IPL selection process doesn’t always make for great logic, with recency bias and fan appeal also playing parts in previous auctions.

Rafiq Maqbool/AP

Australia's Travis Head starred in the latter stages of the ODI World Cup.

Last year, the Punjab Kings took England’s bowling allrounder Sam Curran for NZ$3.5 million, making him the most expensive player in IPL history. Curran had recently been named player of the tournament at the T20 World Cup, and his efforts this year suggested the Kings notably overpaid.

Of the other nations, who is most likely to fetch big money?

Speaking of recency bias, ODI World Cup winners Australia have a number of star performers in the auction.

Captain Pat Cummins, left-arm quick Mitchell Starc and opener Travis Head could all pick up juicy deals and while England batter Harry Brook failed this season as an expensive purchase, his last-over heroics in the West Indies last week were a reminder of his devastating hitting ability.

New Zealand players listed for IPL auction (with reserve/base price)

200 lakh ($392,000): Lockie Ferguson

150 lakh ($294,000): Colin Munro, Jimmy Neesham, Tim Southee

100 lakh ($196,000): Daryl Mitchell, Michael Bracewell, Kyle Jamieson, Adam Milne

75 lakh ($147,000): Ish Sodhi, Finn Allen, Matt Henry

50 lakh ($98,000): Rachin Ravindra, Mark Chapman

20 lakh ($39,000): Will O'Rourke

Black Caps retained by their franchises

Kane Williamson (Gujarat Titans), Devon Conway (Chennai Super Kings), Mitchell Santner (Chennai Super Kings), Trent Boult (Rajasthan Royals), Glenn Phillips (Sunrisers Hyderabad).