The IPL auction for the 2020 season will be held on December 19 this year and, for a change, the BCCI has decided to conduct it at a new venue: Kolkata. The auctions have traditionally been held in Bengaluru.

This year's auction is the last small one before franchises disband next year and prepare to assemble fresh squads from 2021 at a mega auction. The last big IPL auction took place in January 2018, when franchises were allowed to retain five players before building new squads.

ESPNcricnfo understands that all eight franchises were informed on Monday that the trading window would close on November 14. The franchises were originally allotted INR 85 crore (US $12 million approx) to build their teams for 2020. Every franchise will also have an additional purse of INR 3 crore (US $425,000 approx) in addition to the balance in their kitties from the last auction.

Delhi Capitals have the biggest balance - INR 8.2 crore, followed by Rajasthan Royals - INR 7.15 crore, Kolkata Knight Riders (INR 6.05 crore), Sunrisers Hyderabad (INR 5.3 crore), Kings XI Punjab (INR 3.7 crore), Chennai Super Kings (INR 3.2 crore), defending champions Mumbai Indians (INR 3.05 crore) and Royal Challengers Bangalore (INR 1.8 crore).

Nagraj Gollapudi is news editor at ESPNcricinfo