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The IPL Mega Auction is a major event in the Indian Premier League, where franchises bid for players to build or revamp their squads for upcoming seasons. It typically happens once every few years and involves a complete overhaul of team rosters, unlike mini-auctions.

In a mega auction:
1. Teams release most of their players but can retain a limited number of core players.
2. The rest of the squad is built through intense bidding wars for domestic and international players.
3. The event garners massive fan and media attention, with team owners and coaches strategizing to create winning combinations.

The IPL Mega Auction has a significant impact on the league, shaping team dynamics, strategies, and competition levels for the upcoming seasons.

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