In January, the IPL named 114 players for the auction but have pruned the list down to 43 after consultation with the eight franchises.
The tournament will take place from April 10 to May 29.
Here's a look at the different stages of the process in the run-up to the auction at a Goa hotel on Friday:
January 30: A list of 114 names of overseas players was submitted to the IPL, who forwarded it to the eight franchises for them to study and consider which players they will be interested in.
January 31: The franchises began to look at the list and between them will register an interest in several players, which gives them room to bid for their main targets and gives them the option of other players if they fail to land their first priority.
February 2: The final list of 43 players which the franchises are interested in bidding for during the auction was confirmed with the IPL. Kevin Pietersen and Andrew Flintoff look almost certain to secure big contracts but with the possibility of a maximum of 17 contracts available, the other England players face a battle with leading Australians and South Africans to secure a contract.
February 6: The eight franchises will begin the auction in Goa. They will each be allowed in the auction room at separate tables and make their bids for the players. Each franchise is limited to US dollars 2 million to buy new players.
|Teams||Auction Purse||Slots Available in Team|
|Chennai Super Kings||$2,000,000||3|
|Kolkata Knight Riders||$1,210,000||1|
|Kings XI Punjab||$1,450,000||2|
|Royal Challengers Bangalore||$1,945,000||2|