With 127 players bought by the 10 IPL franchisees, here is an analysis of the teams and their strategies.KINGS XI PUNJABCurrent squadVirender SehwagAdam Gilchrist (Rs 4.14cr), David Hussey (Rs 6.4cr), Dinesh Karthik (Rs 4.14cr), Stuart Broad (Rs 2.07cr), Abhishek Nayar (Rs 3.68cr), Piyush Chawla ( Rs 4.14cr), Praveen Kumar (Rs 3.68cr), Ryan Harris (Rs 1.49cr), Shaun Marsh (Rs 2.07cr); Dimitri Mascarenhas (Rs 46 lakh)Team analysisKings XI have a decent mix with Adam Gilchrist, in all probability, leading the side in the fourth edition. David Hussey is a specialist T20 player and will give them a solid middle order batsman. The pace bowlers picked are Praveen Kumar, Stuart Broad and Ryan Harris. One fails to understand why would any franchisee pick a pace bowler who has been ruled out of action after undergoing a knee surgery and who would be fighting against time to get fit for the IPL. Even Stuart Broad isn’t a specialist T20 bowler.DELHI DAREDEVILSCurrent squadGautam Gambhir.Irfan Pathan (Rs 8.74cr), David Warner (Rs 3.45cr), Naman Ojha (Rs 1.24cr), James Hopes (Rs 1.61cr), Morne Morkel (Rs 2.18cr), Aaron Finch (Rs 1.38cr), Virender Sehwag (retained), Umesh Yadav (Rs 3.45 cr), Venugopal Rao (Rs 3.22 cr), Ashok Dinda (Rs 1.72 cr)Team analysisThe Daredevils have stitched together a team that doesn’t look very solid on paper. Irfan Pathan was bought at a whopping Rs 8.74 cr even though he hasn’t played international cricket for nearly two years and has just returned from an injury lay-off. David Warner comes back as he forms a lethal opening combination with Virender Sehwag. Morne Morkel is the main strike bowler but apart from these players, the Delhi line-up isn’t awe inspiring.advertisementPUNE WARRIORSCurrent squadZaheer Khan.Yuvraj Singh (Rs 8.28cr), Graeme Smith (Rs 2.30cr), Robin Uthappa (Rs 9.66cr), Tim Paine (Rs 1.24cr), Angelo Mathews (Rs 4.37cr), Nathan McCullum (Rs 46lakh), Callum Ferguson (Rs 1.38cr), Ashish Nehra (Rs 3.91cr), Jerome Taylor (Rs 46 lakh), Wayne Parnell (Rs 89.6 lakh), Mitchell Marsh (Rs 1.29 cr), Murali Kartik (Rs1.84 cr)Team analysisThe franchise owned by the Sahara conglomerate has jumped into the IPL bandwagon and have made quite a big splash at the auction itself. They seem to have all bases covered. They have a plethora of foreign talent at their disposal but with the limit of playing just four of them in the eleven, they would need some good local talent to supplement the squad. They have just under $1 million left to spend on players.DECCAN CHARGERSCurrent squadAdam Gilchrist.Kevin Pietersen (Rs 2.99 cr), Cameron White (Rs 5.06 cr), Kumar Sangakkara (Rs 3.22 cr), JP Duminy (Rs 1.38 cr), Shikhar Dhawan (Rs 1.38 cr); Dale Steyn (Rs 5.52 cr); Amit Mishra (Rs 1.38 cr); Ishant Sharma (Rs 2.07 cr) Pragyan Ojha (Rs 2.3 cr) Dan Christian (Rs 4.14 cr), Manpreet Goni (Rs 1.33 cr)Team analysisDeccan Chargers bid aggressively for Dale Steyn, currently the best bowler in the world. He is going to be a great asset in T20, even though he has a propensity to leak runs in limited overs cricket. They stuck with left-arm spinner Pragyan Ojha, who has had a fair amount of success in IPL. Cameron White is an intelligent buy as he has the ability to win a match on his own. But having Ishant Sharma in their ranks might be a double-edged sword as his form has dipped alarmingly.CHENNAI SUPER KINGSCurrent squadIfran Pathan.Michael Hussey (Rs 1.95cr), Wriddhiman Saha (Rs 46lakh), Dwayne Bravo (Rs 92lakh), Doug Bollinger (Rs 3.22cr), R Ashwin (Rs 3.91cr), S Badrinath (Rs 3.68cr), MS Dhoni, Suresh Raina, Murali Vijay and Albie Morkel (all retained), Sudeep Tyagi (Rs 1.1 cr), Scott Styris (Rs 92 lakh), Faf du Plessis (Rs 52 lakh), Ben Hilfenhaus (Rs 46 lakh)Team analysisThe defending champions had a clear strategy: retain as many stars of the previous seasons as possible, simply because as they won the IPL and the Champions League last year. So there was no surprise as they got back players like R Ashwin, Doug Bollinger and Sudip Tyagi. They have a good balance of national and international players. Having genuine all-rounders like Dwayne Bravo and Albie Morkel, who can hit some lusty blows, gives Chennai a settled look.KOLKATA KNIGHT RIDERSCurrent squadRobin Uthappa.Gautam Gambhir (Rs 11.04 cr), Yusuf Pathan (Rs 9.66 cr), Jacques Kallis (Rs 5.06cr), Brad Haddin (Rs 1.49), Shakeeb Al Hasan (Rs 1.95cr); Brett Lee (Rs 1.84cr), Eoin Morgan (Rs 1.61 cr); Manoj Tiwary (Rs 2.18cr), Jaidev Unadkat (Rs 1.15 cr), Lakshmipathy Balaji (Rs 2.3 cr)Team analysisAfter being in the wrong half for the first three seasons, Shah Rukh Khan and his co-owners have decided to change strategy. They have spent most of their money on a selected few impact players. They have also cared nothing for sentiment and allowed Sourav Ganguly to leave. They have a well-balanced side as of now, but need some good local talent and uncapped players to fill the gaps in the squad. They don’t have a lot of money left in the bank though.advertisementTEAM KOCHICurrent squadDale Steyn.M Jayawardene (Rs 6.9cr), VVS Laxman (Rs 1.84cr), Brendon McCullum (Rs 2.18cr), Sreesanth (Rs 4.14cr), RP Singh (Rs 2.30cr), Parthiv Patel (Rs 1.33cr), Ravindra Jadeja (Rs 4.37cr), Steven Smith (Rs 92lakh), M Muralitharan (Rs 5.06cr), Brad Hodge (rs 1.95cr), Ramesh Powar (Rs 82.8 lakh), R Vinaykumar (Rs 2.18 cr), Steven O’Keefe (RS 9.2 lakh)Team analysisThe newest member of the IPL club seem to have played their cards well. Snapping up the experienced Mahela Jayawardene and Muttiah Muralitharan is a good move. Sreesanth was always going to go to Kochi, as he is the state cricket’s poster boy. The explosive Brendon McCullum gives Kochi the x-factor while Parthiv Patel, Brad Hodge and VVS Laxman give them solidity in the middle order. RP Singh had a successful IPL-2 and provides the team a well-rounded look.MUMBAI INDIANSCurrent squadM S Dhoni.Rohit Sharma (Rs 9.2 cr), Andrew Symonds (Rs 3.91 cr), Davy Jacobs (Rs 87 lakh), James Franklin (Rs 46 lakh); Sachin Tendulkar (retained); Harbhajan Singh (retained); Kieron Pollard (retained); Lasith Malinga (retained), Munaf Patel (Rs 3.22 cr), Clint McKay (Rs 50.6 lakh)Team analysisThey were the most balanced side last season and if anything, they seem stronger this year. The core of their team is intact. The seam bowling department has also been strengthened with some sound buys. Mumbai has always produced good players so the local talent they sign should be of high quality as well. Playing under Tendulkar will be a major attraction for youngsters they wish to acquire. And interestingly, Harbhajan and Andrew Symonds will share the dressing room.ROYAL CHALLENGERS BANGALORECurrent squadGautam Gambhir.Tillakaratne Dilshan (Rs 2.99 cr), Zaheer Khan (Rs 4.14 cr), AB de Villiers (Rs 5.06 cr), Daniel Vettori (Rs 2.53 cr), Saurabh Tiwary (Rs 7.36 cr); Dirk Nannes (Rs 2.99 cr); Cheteshwar Pujara (Rs 3.22 cr); Virat Kohli (retained), Mohammad Kaif (Rs 57.8 lakh), Charl Langeveldt (Rs 64.4 lakh), Abhimanyu Mithun (Rs 1.19 cr)Team analysisWith Anil Kumble by his side, Vijay Mallya could not have got it wrong. Most departments seem to be taken care of but the captaincy issue has to be decided. Kumble has quit playing and Rahul Dravid has moved to Rajasthan Royals. However, apart from Mithun, there seems to be a lack of local flavor in the squad and the franchise will have to look into the issue when it recruits its remaining players in the coming days. Dirk Nannes is an excellent buy as he is a proven performer in Indian conditions.RAJASTHAN ROYALSCurrent squadS Sreesanth.Ross Taylor (Rs 2.6 cr), Rahul Dravid (Rs 2.3 cr), Johan Botha (Rs 4.37 cr), Paul Collingwood (Rs1.15 cr), Shane Warne (retained), Shane Watson (retained), Shaun Tait (Rs 1.38 cr), Pankaj Singh (Rs 42.3 lakh)Team analysisThe winners in Season One have made some good buys but whether they will be good enough to upset the applecart of more fancied teams remains to be seen.advertisementUnder the astute captaincy of Shane Warne, the Royals have been punching above their weight. The champion leg-spinner spinner will have to work his magic once more to get the best out of his squad. Aussie all-rounder Shane Watson will hold the key for them once again.