The short tournament — spanning 23 days — will see eight teams competing in three venues across Tamil Nadu. 33 crore — 3.3 times the minimum bid amount — during the exercise of picking teams for the league. Only cricketers registered in Tamil Nadu are eligible for the competition. The teams and their ownersThe franchise representatives were allowed to pick the names of districts or towns, excluding Chennai, for their teams. 7.2 and 10 crore for the first year, and eight to 12 in the second, based on certain calculations.

Source: The Hindu August 03, 2016 09:00 UTC