(Catch the Live Updates of Hockey India League (HIL) 2015 Players’ Auction here)Also Read - Four Indian Officials Appointed For Hockey Men's World Cup 2023

02:45 PM IST Two more quick buys take plays before the tea break at the Hockey India League Auction 2015. Indian defender Pardeep Mor is bought by Kalinga Lancers for $37,000 and Dipsan Tirkey too is bought by them for $31,000. Kalinga Lancers have beefed up their defense. Also Read - Manpreet Singh to Lead Hockey Team in Asian Champions Trophy; PR Sreejesh Not in Squad

02:30 PM IST Akashdeep Singh becomes the highest paid hockey player as Uttar Pradesh Wizards steal the sheen off Delhi Wave Riders by buying the Indian forward for $84,000. He has been the costliest Indian player bought in the Hockey India League Auction 2015. Also Read - Hockey Men's Junior World Cup: Odisha Sports Minister Tusharkanti Behera Reviews Preparedness

02:15 PM IST: Delhi Wave Riders make another high-priced purchase as South African defender/midfielder Austin Smith is bought for $59,000. Meanwhile, India forward Malak Singh is sold to Kalinga Lancers for $24,000, from a base price of $8,500.

01:45 PM IST: Just when you thought things were going as predicted, there were a couple of surprises. India forward Joseph Toppo goes unsold. Legendary Australian forward Jamie Dwyer too fetches just $57,000. Not that the amount is less. But you expected one of the best players in the world to be in greater demand.

01:15 PM IST: Stakes go higher at the Hockey India League auction 2015 as Delhi Wave Riders buy Mandeep Singh for $70,000. Delhi wave Riders had previously bid for Parvinder Singh at a whooping $68,000. It was the highest bid for an Indian player till Mandeep Singh. So as it stands now, the two costliest Indian players have been bought by Delhi Wave Riders.

12:50 PM IST: A lot of empty bids follow after German goalkeeper Nicolas Jacobi is bought by Punjab Warriors for $27,000. His base price was $20,000. It is quite clear by now that franchises aren’t willing to go broke on goalkeepers in the Hockey India League Auction 2015.

12:15 PM IST: A 10-minute break is taken in the Hockey India League auction. Before that however, two goalkeepers were bought. Suraj Karkera was sold to Uttar Pradesh Wizards for $5,500 while New Zealand goalkeeper Devon Manchester was bought by Delhi Waveriders for $27,000.

11:55 AM IST: As expected, yet another foreign player fetches nearly a million dollar. Australia defender Matthew Swann is bought by Mumbai Dabang for $75,000 in the Hockey India League Auction 2015. After a dismal performance last year, Mumbai Dabang will look to strengthen their defence and defensive mid-field.

11:50 AM IST: Kalinga Lancers now go for a defender. Amit Rohitdas is sold for $31,000 in the Hockey India League Auction 2015. Teams have now moved their attention towards foreign players, reserving the big moolah for them.

11:45 AM IST: This one touches almost a million dollar. German defender Tobias Hauke is sold for $96,000 to Uttar Pradesh Wizards. You can’t be missing the action right now as fierce bidding is taking place. Don’t get up from your seats.

11:30 AM IST: The bidding process doesn’t seem to cool down. Just when you thought it is unlikely that somebody would fetch more than Dharamvir Singh, India forward Parvinder Singh saw team owners willing to lighten their pockets. Parvinder Singh was sold for $68,000 to Delhi Wave Riders, making him the most expensive Indian player so far.

11:20 AM IST: Indian mid-fielder Dharamvir Singh broke Sardar Singh’s record and was fetched for as much as $60,000 by Kalinga Lancers. He too had a base price of $20,000. The bidding process has reached its hottest stage with owners willing to gleefully shell out money from their pockets for some of the biggest Indian names.

11:15 AM IST: India hockey captain Sardar Singh was bagged for a whooping $58,000 by Japyee Punjab Warriors. His base price was $20,000. However, teams ferociosly bid for the Punjab player before eventually Jaypee Group sealed the bid for him with a staggering amount. Apart from being a fine player, Sardar Singh is also one of the most popular faces in Indian hockey currently.

Hello and welcome to the live updates of Hockey India League (HIL) 2015 Auctions. Also known as Hero Hockey India League or HIL, the tournament is in its fourth season and has already created a lot of buzz. You can catch all the live updates of the HIL 2015 auction here.

Two new teams were added in the last season of the tournament – Dabang Mumbai and Ranchi Rays. Owned by Jharkhand’s most popular figure, Ranchi Rays emerged as the winners in the ;last year’s tournament. They took home a prize money of Rs 2.5 Crore, by beating Punjab Warriors 3-2 on penalties.

New rules have been introduced this year to make the tournament more exciting. Each field goals will count as to so as to discourage teams to depend on penalty goals and rely on skills to manufacture field goals. Penalty shots wioll also be counted as two goals so as to discourage foul play. Each team will be allowed to have just 20 players – 12 Indians and eight foreign players. Each squad must have at least two goalkeepers and the entire squad should be present at the dug-out during each match.