Chennai Super Kings

Squad strength: 20 (Indian 12, overseas 8)

Squad cost: INR 59.80 crore

Squad composition

Batsmen: Faf du Plessis (INR 4.75 crore), Mithun Manhas (INR 30 lakh), Suresh Raina (retained)

Allrounders: Dwayne Smith (INR 4.5 crore), John Hastings (INR 50 lakh), Vijay Shankar (INR 10 lakh), B Aparajith (INR 10 lakh), Dwayne Bravo (retained), Ravindra Jadeja (retained)

Wicketkeeper-batsmen: Brendon McCullum (INR 3.25 crore), MS Dhoni (retained)

Spinners: Samuel Badree (INR 30 lakh), Pawan Negi (INR 10 lakh), R Ashwin (retained)

Fast bowlers: Mohit Sharma (INR 2 crore), Ashish Nehra (INR 2 crore), Ishwar Pandey (INR 1.5 crore), Ben Hilfenhaus (INR 1 crore), Matt Henry (INR 30 lakh), Ronit More (INR 10 lakh)

Most expensive player at auction: Faf du Plessis (INR 4.75 crore)

Bargain buy: B Aparajith (INR 10 lakh)

Strengths: Their five retained players form the core of the side and compelling additions are du Plessis, McCullum and Smith. They have a number of allrounders and spinners to choose from, and batting or bowling options will never be a problem.

Weaknesses: While the Super Kings have several fast bowlers in their squad, only Ben Hilfenhaus is world class.

Probable first XI: 1 Dwayne Smith, 2 Faf du Plessis, 3 Suresh Raina, 4 Baba Aparajith, 5 Dwayne Bravo, 6 MS Dhoni, 7 Ravindra Jadeja, 8 R Ashwin, 9 Mohit Sharma, 10 Ishwar Pandey, 11 Ben Hilfenhaus.

Kings XI Punjab

Squad strength: 23 (Indian 16, overseas 7)

Squad cost: INR 55.90 crore

Squad composition

Batsmen: George Bailey (INR 3.25 crore), Virender Sehwag (INR 3.2 crore), Shaun Marsh (INR 2.2 crore), Cheteshwar Pujara (INR 1.9 crore), Gurkeerat Singh (INR 1.3 crore), Mandeep Singh (INR 80 lakh), David Miller (retained), Manan Vohra (retained)

Allrounders: Glenn Maxwell (INR 6 crore), Rishi Dhawan (INR 3 crore), Thisara Perera (INR 1.6 crore), Akshar Patel (INR 75 lakh), Karanveer Singh (INR 10 lakh)

Wicketkeeper-batsmen: Wriddhiman Saha (INR 2.2 crore)

Spinners: Murali Kartik (INR 1 crore), Shivam Sharma (INR 10 lakh)

Fast bowlers: Mitchell Johnson (INR 6.5 crore), Beuran Hendricks (INR 1.8 crore), L Balaji (INR 1.8 crore), Sandeep Sharma (INR 85 lakh), Parvinder Awana (INR 65 lakh), Anureet Singh (INR 20 lakh), Shardul Thakur (INR 20 lakh)

Most expensive player at auction: Mitchell Johnson (INR 6.5 crore)

Bargain buy: Virender Sehwag (INR 3.2 crore)

Strengths: A performance at the auction that was almost perfect. They have firepower and depth in batting, fast bowler and allrounders.

Weaknesses: Kings XI did not have a specialist spinner until late on the second day of the auction. Murali Kartik and the rookie Shivam Sharma are their only slow bowlers, so that department lacks depth. They also have only one wicketkeeper in Wriddhiman Saha.

Probable first XI: 1 Virender Sehwag, 2 Manan Vohra, 3 Cheteshwar Pujara, 4 George Bailey, 5 David Miller, 6 Glenn Maxwell, 7 Wriddhiman Saha, 8 Rishi Dhawan, 9 Mitchell Johnson, 10 Murali Kartik, L Balaji.

Kolkata Knight Riders

Squad strength: 21 (Indian 13, overseas 8)

Squad cost: INR 59 crore

Squad composition

Batsmen: Robin Uthappa (INR 5 crore), Manish Pandey (INR 1.7 crore), Chris Lynn (INR 1.3 crore), Suryakumar Yadav (INR 70 lakh), Gautam Gambhir (retained)

Allrounders: Jacques Kallis (INR 5.5 crore), Yusuf Pathan (INR 3.25 crore), Shakib Al Hasan (INR 2.8 crore), Ryan ten Doeschate (INR 1 crore), Andre Russell (INR 60 lakh)

Wicketkeeper-batsmen: Manvinder Bisla (INR 60 lakh), Debabrata Das (INR 20 lakh), SS Mondal (INR 10 lakh)

Spinners: Piyush Chawla (INR 4.25 crore), Kuldeep Yadav (INR 40 lakh), Sunil Narine (retained)

Fast bowlers: Vinay Kumar (INR 2.8 crore), Morne Morkel (INR 2.8 crore), Umesh Yadav (INR 2.6 crore), Pat Cummins (INR 1 crore), Veer Pratap Singh (INR 40 lakh)

Most expensive player at auction: Jacques Kallis (INR 5.5 crore)

Bargain buy: Pat Cummins (INR 1 crore)

Strengths: KKR lacked an X factor, until they bought Chris Lynn and Pat Cummins late on the second day of the auction. They look quite complete.

Weaknesses: No obvious ones.

Probable first XI: 1 Gautam Gambhir, 2 Manvinder Bisla, 3 Jacques Kallis, 4 Chris Lynn, 5 Manish Pandey, 6 Robin Uthappa, 7 Yusuf Pathan,, 8 Piyush Chawla, 9 Pat Cummins, 10 Vinay Kumar, 11 Sunil Narine.

Royal Challengers Bangalore

Squad strength: 21 (Indians 14, overseas 7)

Squad cost: INR 60 crore

Squad composition

Batsmen: Nic Maddinson (INR 50 lakh), Vijay Zol (INR 30 lakh), Tanmay Mishra (INR 10 lakh), Virat Kohli (retained), Chris Gayle (retained)

Allrounders: Yuvraj Singh (INR 14 crore), Albie Morkel (INR 2.4 crore), Yuzvendra Chahal (INR 10 lakh)

Wicketkeeper-batsmen: Parthiv Patel (INR 1.4 crore), Yogesh Takawale (INR 10 lakh), AB de Villiers (retained)

Spinners: Muttiah Muralitharan (INR 1 crore), Shadab Jakati (INR 20 lakh)

Fast bowlers: Mitchell Starc (INR 5 crore), Varun Aaron (INR 2 crore), Ashok Dinda (INR 1.5 crore), Ravi Rampaul (INR 90 lakh), Harshal Patel (INR 40 lakh), Abu Nechim (INR 30 lakh), Sachin Rana (INR 20 lakh), Sandeep Warrier (INR 10 lakh)

Most expensive player at auction: Yuvraj Singh (INR 14 crore)

Bargain buy: Vijay Zol (INR 30 lakh)

Strengths: A batting line-up that's well worth the ticket price to an RCB match.

Weaknesses: RCB's bowling underwhelming despite having several fast bowlers. They also do not have a single player from Karnataka.

Probable first XI: 1 Chris Gayle, 2 Virat Kohli, 3 Parthiv Patel, 4 Yuvraj Singh, 5 AB de Villiers, 6 Vijay Zol, 7 Albie Morkel, 8 Mitchell Starc, 9 Shadab Jakati, 10 Varun Aaron, 11 Ashok Dinda.

Delhi Daredevils

Squad strength: 23 (Indian 16, overseas 7)

Squad cost: INR 60 crore

Squad composition

Batsmen: Kevin Pietersen (INR 9 crore), M Vijay (INR 5 crore), Manoj Tiwary (INR 2.8 crore), JP Duminy (INR 2.2 crore), Ross Taylor (INR 2 crore), Kedar Jadhav (INR 2 crore), Mayank Agarwal (INR 1.6 crore), Saurabh Tiwary (INR 70 lakh), Milind Kumar (INR 10 lakh)

Allrounders: Laxmi Ratan Shukla (INR 1.5 crore), Jimmy Neesham (INR 1 crore), Jayant Yadav (INR 10 lakh)

Wicketkeeper-batsmen: Dinesh Karthik (INR 12.5 crore), Quinton de Kock (INR 3.5 crore)

Spinners: Rahul Sharma (INR 1.9 crore), Shahbaz Nadeem (INR 85 lakh)

Fast bowlers: Nathan Coulter-Nile (INR 4.25 crore), Mohammad Shami (INR 4.25 crore), Jaydev Unadkat (INR 2.8 crore), Wayne Parnell (INR 1 crore), Siddarth Kaul (INR 45 lakh), Rahul Shukla (INR 40 lakh), HS Sharath (INR 10 lakh)

Most expensive player at auction: Dinesh Karthik (INR 12.5 crore)

Bargain buy: Ross Taylor (INR 2 crore)

Strengths: A strong batting unit, Delhi also have fast bowling depth.

Weaknesses: They are light on all-round talent, and spinners. They could have also done another big-ticket overseas player.

Probable first XI: 1 M Vijay, 2 Quinton de Kock, 3 Kevin Pietersen, 4 Dinesh Karthik, 5 Ross Taylor, 6 Saurabh Tiwary, 7 Laxmi Ratan Shukla, 8 Nathan Coulter-Nile, 9 Shahbaz Nadeem, 10 Mohammad Shami, 11 Rahul Shukla.

Rajasthan Royals

Squad strength: 25 (Indian 17, overseas 8)

Squad cost: INR 54.45 crore

Squad composition

Batsmen: Brad Hodge (INR 2.4 crore), Karun Nair (INR 75 lakh), Unmukt Chand (INR 65 lakh), Ajinkya Rahane (retained)

Allrounders: Steven Smith (INR 4 crore), Rajat Bhatia (INR 1.7 crore), Abhishek Nayar (INR 1 crore), Ben Cutting (INR 80 lakh), Kevon Cooper (INR 30 lakh), Rahul Tewatia (INR 10 lakh), Shane Watson (retained), Stuart Binny (retained), James Faulkner (retained)

Wicketkeeper-batsmen: Dishank Yagnik (INR 30 lakh), Ankush Bains (INR 10 lakh), Sanju Samson (retained)

Spinners: Iqbal Abdullah (INR 65 lakh), Deepak Hooda (INR 40 lakh), Ankit Sharma (INR 10 lakh), Pravin Tambe (INR 10 lakh)

Fast bowlers: Tim Southee (INR 1.2 crore), Dhaval Kulkarni (INR 1.1 crore), Kane Richardson (INR 1 crore), Vikramjeet Malik (INR 20 lakh), Amit Mishra (INR 10 lakh)

Most expensive player at auction: Steven Smith (INR 4 crore)

Bargain buy: Pravin Tambe (INR 10 lakh)

Strengths: They managed to buy the most players and still have the most economical squad. They have depth in every department.

Weaknesses: A lot of their back-up players are relatively inexperienced and untested, but that is in keeping with previous Rajasthan squads.

Probable first XI: 1 Sanju Samson 2 Ajinkya Rahane, 3 Shane Watson, 4 Steven Smith, 5 Brad Hodge, 6 Unmukt Chand, 7 Stuart Binny, 8 James Faulkner, 9 Rajat Bhatia, 10 Dhaval Kulkarni, 11 Pravin Tambe.

Mumbai Indians

Squad strength: 21 (Indian 13, overseas 8)

Squad cost: INR 59.95 crore

Squad composition

Batsmen: Michael Hussey (INR 5 crore), Apoorv Wankhede (INR 10 lakh), Rohit Sharma (retained), Ambati Rayudu (retained)

Allrounders: Corey Anderson (INR 4.5 crore), Jalaj Saxena (INR 90 lakh), Kieron Pollard (retained)

Wicketkeeper-batsmen: Aditya Tare (INR 1.6 crore), CM Gautham (INR 20 lakh), Ben Dunk (INR 20 lakh), Sushant Marathe (INR 10 lakh)

Spinners: Pragyan Ojha (INR 3.25 crore), Shreyas Gopal (INR 10 lakh), Harbhajan Singh (retained)

Fast bowlers: Zaheer Khan (INR 2.6 crore), Jasprit Bumrah (INR 1.2 crore), Josh Hazlewood (INR 50 lakh), Krishmar Santokie (INR 30 lakh), Marchant de Lange (INR 30 lakh), Pawan Suyal (INR 10 lakh), Lasith Malinga (retained)

Most expensive player at auction: Michael Hussey (INR 5 crore)

Bargain buy: Josh Hazlewood (INR 50 lakh)

Strengths: Strong all-round talent and a strong bowling attack as a result.

Weaknesses: There are holes in the batting line-up. Their wicketkeeper-batsmen are not the best, and they are short of high quality Indian batsmen.

Probable first XI: 1 Aditya Tare, 2 Michael Hussey, 3 Rohit Sharma, 4 Ambati Rayudu, 5 Corey Anderson, 6 Kieron Pollard, 7 CM Gautham 8 Harbhajan Singh, 9 Zaheer Khan, 10 Lasith Malinga, 11 Pragyan Ojha

Sunrisers Hyderabad

Squad strength: 24 (Indian 17, overseas 7)

Squad cost: INR 59 crore

Squad composition

Batsmen: David Warner (INR 5.5 crore), Aaron Finch (INR 4 crore), KL Rahul (INR 1 crore), Venugopal Rao (INR 55 lakh), S Anirudha (INR 20 lakh), Manprit Juneja (INR 10 lakh), Ricky Bhui (INR 10 lakh), Shikhar Dhawan (retained)

Allrounders: Darren Sammy (INR 3.5 crore), Irfan Pathan (INR 2.4 crore), Moises Henriques (INR 1 crore), Parveez Rasool (INR 95 lakh)

Wicketkeeper-batsmen: Naman Ojha (INR 50 lakh), Brendan Taylor (INR 30 lakh), Amit Paunikar (INR 20 lakh)

Spinners: Amit Mishra (INR 4.75 crore), Karn Sharma (INR 3.75 crore)

Fast bowlers: Bhuvneshwar Kumar (INR 4.25 crore), Ishant Sharma (INR 2.6 crore), Jason Holder (INR 75 lakh), P Parameswaran (INR 30 lakh), Ashish Reddy (INR 20 lakh), Chama Milind (INR 10 lakh), Dale Steyn (retained)

Most expensive player at auction: David Warner (INR 5.5 crore)

Bargain buy: Irfan Pathan (INR 2.4 crore)

Strengths: A terrific top order, and Dale Steyn.

Weaknesses: Sunrisers are light on Indian batsmen and offspinners.

Probable first XI: 1 Shikhar Dhawan, 2 David Warner, 3 Aaron Finch, 4 Naman Ojha, 5 Darren Sammy, 6 Irfan Pathan, 7 Bhuvneshwar Kumar 8 Amit Mishra, 9 Karan Sharma, 10 Dale Steyn, 11 Ishant Sharma

George Binoy is an assistant editor at ESPNcricinfo