This is a list of all auctions and personnel signings for the 2008 Indian Premier League. Team Auction The auctions for team ownership were held on 24 January 2008. The base price of team was set at 50 million. The auction fetched a total amount of 723.59 million against the combined base price of 400 million. Mumbai was the most expensive team, costing over 111.9 million. The auction also led to controversy regarding the conflict of interest with then BCCI secretary N. Srinivasan holding a stake in the Chennai team. Player's Auction Icon players Icon player was a status given to five players of the Indian Premier League to ensure that top drawer players will represent their respective home city sides, which was important for the league to increase fan support and interest among the locals. The icon players received 15% percent more money than the highest paid player of the team bought in the auction. Initially four icon players were designated but later on the request of Delhi Daredevils, Virender Sehwag's name was added to the list. Deccan Chargers also asked for Icon Player status to be given to VVS Laxman, but he declined the offer in order to allow the franchise to spend more money on other players and still not breach the US$5 million salary cap. Auction-1 The first auction was held on 20 February 2008. The total salary cap was set at 5 million with a minimum of 3.3 million to be spend. Players were divided into categories with Category-A, B, C and D representing prominent players. Remaining Wicket-keepers, All-rounders, Batsmen and Bowlers were kept in category-E, F, G and H respectively. 77 players signed up for auction including 48 foreign players. 75 players were auctioned with Mohammed Yousuf and Ashwell Prince remaining unsold. MS Dhoni was the costliest player at 1.5 million. Andrew Symonds was the most costly foreign player. The unsold players were paid their base price by the BCCI. Jaipur was fined for not reaching the minimum spending of 3 million. REC: Players unsold originally but were brought back. Auction-2 The second IPL auction for foreign players took place in Mumbai on 11 March 2008. 26 players including unsold players from auction-1 signed up for the auction. The base price was set at 50,000. 14 players were sold in the auction. James Hopes was the costliest player at 300,000. Dimitri Mascarenhas became the