November 24, 2024: The IPL 2025 Auction, held in Jeddah, saw history being made as Indian star batter Shreyas Iyer became the most expensive player in IPL history. Punjab Kings (PBKS) secured the services of the former Kolkata Knight Riders (KKR) captain for an astonishing ₹26.75 crore, breaking all previous records.
Iyer’s new price tag surpasses the ₹24.75 crore paid for Mitchell Starc during the 2024 IPL auction, cementing his place as the highest-earning player in the league’s history. Released by KKR despite leading them to the IPL 2024 title, Iyer’s signing is a bold move by Punjab Kings, who are still chasing their maiden IPL trophy.
A Fierce Bidding War
Shreyas Iyer entered the auction as one of the marquee players, with expectations already high. Kolkata Knight Riders initiated the bidding, hoping to retain their former captain. However, the race quickly intensified as Delhi Capitals entered the fray, leveraging their larger auction purse.
Punjab Kings joined the bidding war shortly after, showing clear intent to bring Iyer back to their squad. Refusing to back down, they outbid their competitors with a record-breaking ₹26.75 crore, making Iyer the centerpiece of their squad for the upcoming season.
Shreyas Iyer: A Proven Leader and Dependable Performer
Since his IPL debut in 2015, Shreyas Iyer has been a consistent performer, renowned for his stylish stroke play and calm demeanor under pressure. His ability to anchor innings while accelerating when necessary has made him a standout player in the league.
Iyer’s leadership credentials are equally impressive. He was appointed captain of Delhi Capitals in 2018, leading them to their maiden IPL final in 2020. His tactical acumen and ability to inspire teammates have been hallmarks of his IPL journey.
In the 2024 IPL season, Iyer’s leadership proved pivotal for Kolkata Knight Riders, guiding them to a sensational title win. Despite his success, KKR released him due to salary cap constraints, paving the way for Punjab Kings to swoop in and make this blockbuster signing.
Punjab Kings’ Quest for Glory
Punjab Kings have made their intentions clear with the acquisition of Shreyas Iyer. The franchise, which has yet to lift the IPL trophy, sees Iyer as the key to transforming their fortunes.
Iyer’s vast experience, combined with his ability to lead from the front, adds significant firepower to Punjab’s squad. His presence in the middle order will also strengthen the team’s batting lineup, which has struggled for consistency in recent seasons.
A Record-Breaking Auction
The 2025 IPL Auction has already set new benchmarks with Shreyas Iyer’s record-breaking price. As teams finalize their squads for the season, Punjab Kings have sent a strong message with this historic signing.
Fans can now look forward to seeing Iyer don the Punjab jersey once again as he leads the charge for their maiden IPL title in the 2025 season.
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