RCB sign Glenn Maxwell for Rs 14.25 cr

IPL's perennial under-performer Glenn Maxwell once again fetched big money at the players auction with Royal Challengers Bangalore bidding a whopping Rs 14.25 crore to secure his services.

England all-rounder Moeen Ali also went for a high price of Rs 7 crore to Chennai Super Kings.

Both Maxwell and Moeen had base prices of Rs 2 crore.

In contrast, Australian Steve Smith, who was released by Rajasthan Royals, was bought by Delhi Capitals for Rs 2.20 crore, only Rs 20 lakh more than his base price.