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The 18-member squad also comprises Sachin Baby, who leads the state team in the Ranji Trophy.
The mega auction will be held in Jeddah on November 24 and 25.
Sanju Samson was clean-bowled by Marco Jansen in the last two T20Is in South Africa.
Suryakumar Yadav-led India had won the first T20I in Durban by 61 runs.
It was Sanju's second T20I ton after the first against Bangladesh in October.
Royals won the title in the tournament's inaugural edition in 2008 and Dravid said it's time the franchise won it again.
The awards are classified into three: Kerala Jyothi, Kerala Prabha, and Kerala Sree.
Franchisees were permitted to keep six players from their 2024 squad.
Rohan Kunnumal and Vathsal Govind took the visitors to 88/0 before bad light stopped play.
Sanju Samson smashed his maiden T20I century against Bangladesh to power India to their highest total of 297/6 in the format.
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