The Indian Premier League (IPL) mini auction is set to take place on February 18, with all the eight teams ready to buy big players such as Steve Smith, Glenn Maxwell and Chris Morris, who are up for grabs.

Last month, each of the teams released a list of players that have been either released or retained by them. Following this, the teams would have a particular sum of money they can spend in the upcoming auction. Let’s take a look at the amount of money each team has in its purse to spend.

Chennai Super Kings

According to Hindustan Times, CSK have released Harbhajan Singh, Kedar Jadhav, Piyush Chawla, Shane Watson, Murali Vijay, Monu Singh and have a purse of Rs 22.9 crore to spend. 

Kings XI Punjab

Having released big hitter Glenn Maxwell as well as Karun Nair, Hardus Viljoen, Jagadeesha Suchith, Mujeeb ur Rahman, Sheldon Cottrell, Jimmy Neesham, Krishnappa Gowtham, Tajinder Singh, KXIP can use Rs 53.2 crore.

Sunrisers Hyderabad

SRH have retained most of their core players and have released only Sanjay Yadav, B Sandeep, Billy Stanlake, Fabian Allen and Yarra Prithviraj. So, they will have Rs 10.75 crore to spend.

Royal Challengers Bangalore

After releasing players such as Chris Morris, Aaron Finch, Moeen Ali, Isuru Udana, Dale Steyn, Shivam Dube, Umesh Yadav, Pawan Negi, Gurkeerat Mann, Parthiv Patel, RCB Have Rs 35.7 crore left in their purse.

Kolkata Knight Riders

Having only released Tom Banton, Chris Green, Nikhil Naik, Siddharth M and Siddhesh Lad, KKR have Rs 10.85 crore to spend in the mini auction.

Mumbai Indians

The defending champions have released Lasith Malinga, Mitch McClenaghan, James Pattinson, Nathan Coulter-Nile, Sherfane Rutherford, Prince Balwant Rai and Digvijay Deshmukh and will have Rs 15.35 crore to spend.

Delhi Capitals

DC have the lowest purse of Rs 9 crore after releasing Mohit Sharma, Tushar Deshpande, Keemo Paul, Sandeep Lamichhane, Alex Carey and Jason Roy.

Rajasthan Royals 

RR released Steve Smith, Ankit Rajpoot, Oshane Thomas, Shashank Singh, Akash Singh, Varun Aaron, Tom Curran, Aniruddha Joshi and have Rs 34.85 crore to spend.