It's the famous sporting auction that rolls around once a year and often results in huge pay days for some of Australia's biggest and best cricketers.
Ahead of the Indian Premier League (IPL) T20 season, the auction allows teams to bid for players based on their projected worth.
So if you're worth it, teams will shell out an extortionate amount of cash to lock you down on a big deal.
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And last night, a few of our Aussies ended up signing on the dotted line for some mega-money contracts.
Big Bash League (BBL) stars Glenn Maxwell, Jhye Richardson, and Riley Meredith scored multi-million-dollar deals in the IPL.
Maxwell ended up going to the Royal Challengers Bangalore for AU$2.52million, while Richardson was picked up by the Punjab King for AU$2.48million.
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As for Meredith, he cashed in on a deal worth AU$1.4million with the Kings XI Punjab.
And that trio weren't the only Australians to get their hands on the big bucks.
Fellow countrymen Nathan Coulter-Nile (Mumbai Indians), Dan Christian (Royal Challengers Bangalore), Moises Henriques (Kings XI Punjab) and Ben Cutting (Kolkata Knight Riders) were also sold.
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And, of course, former Test captain Steve Smith ended up being auctioned off but for AU$2million less than what he was worth last season.
That spending brought the total value for our Aussie players to a whopping AU$9.4million.
And there could have been plenty more Big Bash League stars playing in India had they not have been snubbed by selectors.
The likes of Alex Carey, Matthew Wade, Shaun Marsh, Aaron Finch and Marnus Labuschagne all missed out on big-money IPL contracts.
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The 2021 season itself is set to commence on the 11th of April when the reigning champions the Mumbai Indians take on the Delhi Capitals.
Featured Image Credit: PATopics: Aussie, Steve Smith, Australia