IPL Auction 2022: Punjab Kings buy Liam Livingstone for Rs 11.5 crore; Mumbai Indians fork out Rs 8 crore for Jofra Archer

Punjab Kings went in with the biggest pool of Rs 28.65 crore while Lucknow Super Giants, who had a busy Saturday, were left with the least amount of money - Rs 6.90 crore. While most franchises chose to wait and watch, Punjab splurged on two players. At Rs 11.5 crore, Englishman Liam Livingstone became the most expensive overseas buy while the current flavour from West Indies, Odean Smith, was bought for Rs 6 crore. IPL AUCTION: AS IT HAPPENEDGiven the limited resources, bidding wasn't frenzied but teams moved with purpose to acquire players they had targeted. Eventually, 204 players, including 67 overseas cricketers, were brought, with the total spending in the auction touching Rs 551.7 crore. Livingstone's stint with Rajasthan Royals yielded just 42 runs from five innings last year but he ensured a bidding war with Kolkata Knight Riders making the opening bid and Chennai Super Kings jumping into the fray. Punjab and Gujarat Titans too threw their hats in the ring. Punjab almost had him at Rs 10. 25 crore but Sunrisers Hyderabad upped the price tag, till Punjab had the final say but at an additional cost of Rs 1.25 crore.

Although England pacer Jofra Archer has been out of action for 10 months and an elbow surgery is likely to keep him out of the 2022 edition of the IPL, Rajasthan, Mumbai and Hyderabad showed a lot of enthusiasm. Despite knowing that there wouldn't be any replacement for the 26-year-old, Mumbai welcomed him on board for Rs 8 crore.

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England's Liam Livingstone, who was bought by Punjab Kings, became the most expensive foreign player in this season's IPL auction at Rs 11.50 crore, while countrymate Jofra Archer also fetched a high price despite