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Day 2 of the IPL 2014 auction will begin at 1000 hrs IST. - A look at how the teams stand at presentThe Ness Wadia, Preity Zinta co-owned Kings XI Punjab will go into the second day of the IPL 7 2014 auction with the maximum purse of Rs 14.2 crore out of Rs 60 crore salary cap having 12 players on their roster right now with six overseas stars.Kings XI also have one Right To Match (RTM) left to be used tomorrow when the uncapped players go under the hammer.The best part is that with a minimum squad of 16 and maximum of 27, KXIP can strategically use the remaining Rs 14.2 crore.If Kings XI have the biggest purse left, Royal Challengers Bangalore will go into second day with least purse of Rs 1.8 crore having exhausted exhausted a whopping Rs 58.2 crore in buying 12 players (including retentions).Rajasthan Royals need to buy another minimum five players (to attain squad of 16) and have a healthy purse of Rs 12.10 crore.KKR still needs to buy another six players to complete their minimum squad composition of 16 with only Rs 9 crore left in the purse.Delhi Daredevils, who have created a flutter by roping in Dinesh Karthik for a whopping Rs 12.5 cr have bought 13 players today and is left with Rs 8.6 crore.The formidable Chennai Super Kings have had some smart buys and still are left with Rs 2.9 crore needing to complete the minimum squad composition of 16 players.Mumbai Indians have Rs 5.15 crore left in order to buy another six players minimum having bought only five today.They had retained the full quota of five players.Sunrisers Hyderabad, who have also shown a lot of acumen while buying players need another three players to attain minimum squad limit and have a reaosnable Rs 8.4 crore left.Quick recap of Day 1:Most expensive players boughtRCB: Yuvraj Singh, All-Rounder, ?14,00,00,000DD: Dinesh Karthik, Wicket Keeper, ?12,50,00,000DD: Kevin Pietersen, Batsman, ?9,00,00,000KXIP: Mitchell Johnson, All-Rounder, ?6,50,00,000KXIP: Glenn Maxwell, All-Rounder, ?6,00,00,000KKR: Jacques Kallis, All-Rounder, ?5,50,00,000SRH: David Warner, Batsman, ?5,50,00,000KKR: Robin Uthappa, Batsman, ?5,00,00,000Funds still availableCSK: ?2,90,00,000DD: ?8,60,00,000KXIP: ?14,20,00,000KKR: ?9,00,00,000MI: ?5,15,00,000RR: ?12,10,00,000RCB: ?1,80,00,000SRH: ?8,40,00,000Read detailed updates of the first day of the IPL 2014 auction HERE

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