Lucknow IPL Team name announcement Live Blog: New franchise named LUCKNOW SUPERGIANTS

Former Punjab Kings duo of KL Rahul and Ravi Bishnoi have been roped in by new franchise Lucknow ahead of the mega-auctions. Reflecting on his move to the new franchise, Bishnoi said that since even the Lucknow team will be led by Rahul, it won't be that difficult to adjust.

"With Rahul bhai leading Lucknow, I feel it'll be easier for me to adjust in the new team," he qas quoted in a Times of India report.

"It’s a proud moment for me, my coaches and family as I am one of those few players among the world’s best picked by the franchise before the mega auction. Aur mereko lagta hain Rahul bhai ne bola hoga mere liye (I have a feeling Rahul must have suggested my name to the Lucknow franchise management). Now my focus is on doing even better for my new IPL team and helping them win games," he says in the same report.

Punjab Kings - 72 crore

Sunrisers Hyderabad - 68 crore

Rajasthan Royals - 62 crore

Lucknow - 60 crore

Royal Challengers Bangalore- 57 crore

Ahmedabad- 53 crore

Chennai Super Kings- 48 crore

Mumbai Indians - 48 crore

Kolkata Knight Riders- 48 crore

Delhi Capitals - 47.5 crore

IPL's new team Lucknow has finalised deal with KL Rahul, Marcus Stoinis and Ravi Bishnoi. It was already being reported that Rahul might lead the Uttar Pradesh-based franchise and with getting a contract in hand, it is more or less confirmed. While Rahul and Bishnoi were released by the Punjab Kings franchise, Marcus Stoinis was with the Delhi Capitals in IPL.