Shreyas Iyer becomes most expensive player in IPL history with ₹26.75 crore deal to Punjab Kings

Shreyas Iyer has been signed by Punjab Kings for ₹26.75 crore, making him the most expensive player in IPL history. This deal occurred during the IPL 2025 mega auction in Jeddah, Saudi Arabia. Iyer previously led Kolkata Knight Riders to victory in IPL 2024 but was released before the auction. He has had a strong domestic season, scoring 801 runs in 14 innings, including three centuries. His performance in the auction marks a significant increase from his initial purchase price of ₹12.25 crore by KKR in 2022. Iyer's return to the IPL comes after a successful stint in domestic cricket.