As of January 20, 2025, here are the latest developments in the Indian Premier League (IPL):

Player Auctions and Records:

• The IPL 2025 Mega Auction, held in Jeddah on November 24 and 25, 2024, witnessed record-breaking deals. Rishabh Pant became the most expensive player in IPL history, securing a contract worth ₹27 crore (approximately $3.20 million) with the Lucknow Super Giants. Shreyas Iyer followed closely, being acquired by the Punjab Kings for ₹26.75 crore (around $3.17 million).
  
• In a historic move, 13-year-old Vaibhav Suryavanshi from Bihar was signed by the Rajasthan Royals for ₹1 crore (approximately $130,000), making him the youngest player ever selected in an IPL auction.

Team Updates:

• The Kolkata Knight Riders (KKR) clinched their third IPL title by defeating the Sunrisers Hyderabad by eight wickets in the 2024 season finale.
  Hindustan Times
• Shreyas Iyer has been appointed as the captain of the Punjab Kings for the upcoming 2025 season.
  

International Players:

• Australian cricketer Jake Fraser-McGurk secured a $1.6 million deal with the Delhi Capitals, highlighting the increasing participation of young international talents in the IPL.
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• Veteran England bowler James Anderson, at 42, went unsold in the 2025 IPL auction, despite expressing interest in participating in the tournament.

Regulatory Announcements:

• The IPL Governing Council announced the TATA IPL Player Regulations for 2025-27 on September 28, 2024, outlining the framework for player engagements and team compositions for the upcoming seasons.
  IPL T20