TREASURER Wayne Swan has emerged as the lucky 12th man following the Indian Premier League Twenty20 auction.
He will pick up nearly half of the combined total bid for the Aussie cricketers in the IPL frenzy that saw Andrew Symonds attract a whopping winning bid of $1.47 million.
As the Aussie players celebrate their massive haul, the Australian Taxation Office will be carefully noting how much its share should be come tax return time.
Assuming the players had already received $150,000 from other cricketing commitments, they would all be on the top tax rate.
This would give Symonds a $683,550 tax bill leaving him with just $786,450.
Brett Lee will lose $456,630 of his $982,000 leaving him with $525,370.
Adam Gilchrist will be forced to hand back $355,725 of his $765,000, while Share Warne might have to cut down on his texting once he hands over $228,780 of his $492,000.
The Australian players were paid a total of $7,392,000.
Tax expert Paul Drum said income earned by Australians overseas was treated as Australian income.
He said anyone on the top tax rate would have to pay 46.5 per cent of their income in tax.
Sportspeople who live overseas for more than six months of the year or who give up their residency status may be able to pay a lower tax rate.
The Indian auction was a cricket landmark with movie stars and moguls reaching ever deeper into their pockets as the world's best cricketers went under the hammer.
About $43 million was spent buying up the rights to 77 players, with consortiums of the eight bidding franchises huddled in groups in a five-star Mumbai hotel. Indian skipper MS Dhoni topped the auction at $1.63 million.
One of Bollywood's biggest stars Shah Rukh Khan, part-owner of the Kolkata team, sat at an auction table near his wife Gauri and former India captain Sourav Ganguly, who is listed as an "icon" or top-end player.
Another slice of glamour was provided by Bollywood's Preity Zinta, part-owner of the northern Mohali team with businessman Ness Wadia.
"We have Brett Lee, (Kumar) Sangakarra and (Mahela) Jayawardena. I'm really excited. Wish us luck."
The figures took some administrators by surprise.
"That's how a free market economy flows," said IS Bindra, IPL governing member.
"This is a milestone for Indian cricket."
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