The IPL governing council has announced that the IPL 2012 player auction will take place on February 4, 2012. The auction will include players from the suspended franchise Kochi Tuskers Kerala. The venue for the auction is yet to be determined.
The council had previously announced that the squad sizes for each franchise would increase to 33 players, with eleven foreign players instead of ten. However, the number of playing foreign players per squad remains at four. The teams will also have an additional salary cap of $2 million.