there were some mindless bids, i believe.

but few international stars got less than they deserve because of their uncertainty of participation in this years edition, most notably ponting. May be symonds got more as franchisee could be aware of him bunking the pakistan tour.

this amount is for 3 years, in between during transfer windows players can be traded.

the way media hype is generated i am sure for the first year atleast it will be worth watchin.

the way prize money is being declared i dont think it will go dwon the drain like club football this may also become a grand success.

only blip i see is the broadcaster had it been ESPN-STAR i would have loved to catch on 8pm matches.