Sanath Jayasuriya: bought by Mumbai for just a shade below a million dollars © Getty Images

Mumbai entered the fray in the second round of bidding, picking up Sanath Jayasuriya for US$975,000 (his base price was US$250,000) and Harbhajan Singh for US$850,000 (base price US$250,000).

It means Sachin Tendulkar has become the second player after Mahendra Singh Dhoni to cross the million-dollar mark. As an icon he will stand to earn 15% more than the most paid player in the franchise (Jayasuriya) - which translates to US$1.12 million.

The other players who were picked in the second round of bidding were: Anil Kumble by Bangalore for US$ 500,000 (base price: US$250,000) and Kumar Sangakkara by Mohali for US$700,000 (base price: US$250,000). So Sanga joins his friend and national captain Mahela Jayawardene - and their former coach Tom Moody.

Glenn McGrath and Mohammad Yousuf haven't found any takers so far, so they have gone into the reserve pool and will be picked later.

Everyone's now broken for lunch, back at 13-35 p.m.

Squads as of now:

Jaipur Shane Warne (US$450,000)

Chennai MS Dhoni (US$1.5 million), Muttiah Muralitharan (US$600,000), Matthew Hayden (US$375,000), Jacob Oram (US$675,000)

Mumbai Sachin Tendulkar (icon), Sanath Jayasuriya (US$975,000), Harbhajan Singh (US$850,000)

Bangalore Rahul Dravid (icon), Anil Kumble (US$500,000)

Hyderabad Adam Gilchrist (US$700,000), Andrew Symonds (US$1.35 million)

Mohali Yuvraj Singh (icon), Mahela Jayawardene (US$475,000), Kumar Sangakkara (US$700,000), Brett Lee (US$900,000)

Kolkata Sourav Ganguly (icon), Shoaib Akhtar (US$425,000), Ricky Ponting (US$400,000), Brendon McCullum (US$700,000)

Delhi Virender Sehwag (icon), Daniel Vettori (US$625,000)