Karnataka speedster Abhimanyu Mithun drew the second highest bid as he went for Rs 5 lakh to Bijapur Bulls.
The third highest bid of Rs 4 lakh was for Bharath Chipli and Belagavi Panthers was successful in roping him into their team.
The list of cricketers, which was provided by Karnataka State Cricket Association (KSCA), were divided in two groups -- Pool A and Pool B -- for the players' auction.
Also, the continuing three franchises have had the option to retain one player each from Pool A and Pool B respectively.
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The minimum bid amount for a Pool A player was Rs 50,000 per season and the total cap for this pool was Rs 12 lakh per season.
The minimum bid amount for a Pool B player was Rs 10,000 per season and the total cap for this pool was Rs 8 lakh per season.
Speaking on the occasion, KSCA Secretary Brijesh Patel said the bids for batsmen, bowlers and all-rounders saw a good tussle among the franchises.
KSCA also announced Karbonn Mobiles as the title sponsor for this year's league along with Sangeetha Mobiles and Cycle Agarbatti as associate sponsors for the league. This year's tournament is set to commence in three weeks.
All the six franchises were seen adopting strategic moves to pick important players for their teams.