The IPL 2026 auction is an event where cricket teams bid money to buy players for the upcoming season, similar to a sports draft. Teams take turns bidding, and the highest bidder signs the player. This year, Kolkata Knight Riders paid ₹25.20 crore for Australian player Cameron Green, making him the most expensive overseas player in IPL history. Several Indian and international players were also picked by different teams, while some went unsold if no team placed a bid. The auction helps teams build their squads for the season and is a key part of how the IPL works every year.