What about the second auction on March 11?

The IPL conducted a second auction on March 11 for an additional list of 28 players [including 14 from India's Under-19 players - bought on the basis of a draft system] who had signed on with them after the first round of auctions were completed. But the franchises who had spent the least in the first auction were in a better position to buy as the major buyers from the first auction had almost reached their spending cap of $5 million. The most expensive player on the day was James Hopes, the Australian allrounder, who was purchased by Mohali for $300,000. Jaipur, the lowest spenders in the first auction, snapped up Dimitri Mascarenhas, Shane Watson, Morne Morkel and Sohail Tanvir for a total of $385,000. The biggest name traded on the day was Misbah-ul-Haq, who was signed by the Bangalore franchise for $150,000.
What will be the team names?As of March 12, six of the eight franchises have announced their teams names and unveiled their jerseys and logos: Chennai Super Kings, Delhi Daredevils, Kolkata Knight Riders, Rajasthan Royals, Bangalore Royal Challengers and Mumbai Indians. The Hyderabad and Mohali franchises are yet to announce their team names.
When do the teams have to announce their line-ups for the first edition of the IPL?The BCCI has set March 18 as the deadline for the eight teams to announce their final line-ups for the inaugural edition of the IPL.