The player auction was held on 6 February 2009 in Goa, India. There was a two-million dollar cap for teams buying at the auction. The following acquisitions were made:[20]
| Player | Franchise | Price (USD) |
|---|---|---|
 Owais Shah |
Delhi Daredevils | 275,000 |
| Paul Collingwood |
Delhi Daredevils | 275,000 |
 Fidel Edwards |
Deccan Chargers | 150,000 |
| Dwayne Smith |
Deccan Chargers | 100,000 |
| Kevin Pietersen |
Bangalore Royal Challengers | 1,550,000 |
 Jesse Ryder |
Bangalore Royal Challengers | 160,000 |
 Tyron Henderson |
Rajasthan Royals | 650,000 |
 Shaun Tait |
Rajasthan Royals | 375,000 |
| Andrew Flintoff |
Chennai Super Kings | 1,550,000 |
 Thilan Thushara |
Chennai Super Kings | 140,000 |
| George Bailey |
Chennai Super Kings | 50,000 |
| JP Duminy |
Mumbai Indians | 950,000 |
| Kyle Mills |
Mumbai Indians | 150,000 |
 Mohammad Ashraful |
Mumbai Indians | 75,000 |
| Ravi Bopara |
Kings XI Punjab | 450,000 |
 Jerome Taylor |
Kings XI Punjab | 150,000 |
| Mashrafe Mortaza |
Kolkata Knight Riders | 600,000 |
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