How much extra money are Mumbai Indians paying Hardik Pandya for move from Gujarat Titans?

Hardik Pandya returns back to his first IPL team after being released in 2022.

How much extra money are Mumbai Indians paying Hardik Pandya for move from Gujarat Titans?

Hardik Pandya with the IPL trophy during the open tour bus during 2019 (Image via ESPN)

Gujarat Titans (GT) Captain, Hardik Pandya, has been with the team since its inception. In their first season, he captained GT to IPL triumph as they won the 2022 IPL. In 2023 the all-rounder again took the Titans to the finals, only to lose to Chennai Super Kings (CSK) in the last ball. But in the past few days there have been reports of Pandya leaving his home team, which has been confirmed by ESPNcricinfo. 

ESPNcricinfo has reported Mumbai Indians, the all-rounder’s first team in the IPL, has paid the Titans Rs. 15 crore in an all cash deal to get their former star back. Along with the Rs. 15 crore, MI has paid an extra fee, which is not known. Pandya is also set to receive 50% of the trade fee. 

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This is the biggest trade to happen in the history of the Indian Premier League. Pandya is also the 3rd IPL captain to be traded, after Ravichandran Ashwin went to Delhi Capitals (DC)  from Kings XI Punjab (now Punjab Kings)  and Ajinkya Rahane was traded by Rajasthan Royals (RR) to DC. 

Despite having Rs. 5.05 crore in purse, Mumbai Indians pay Rs. 15 crore 

Mumbai Indians finished their 2023 IPL mini-auction with only Rs. 5 lakhs after buying Rs. 20.5 crore worth of players, including Cameron Green for Rs. 17.50 crore. Ahead of the 2024 IPL mini-auction, each team’s purse has been increased by Rs. 5 crore, with MI now having Rs. 5.05 crore. 

Mumbai Indians
Mumbai Indians during the 2023 IPL (Image via ESPN)

With the trade of Hardik Pandya being worth Rs. 15 crore, Mumbai Indians will need to release players to ensure this deal goes through. They will need to release a minimum of Rs. 9.5 crore players, but will also need to ensure they have enough money to buy in the upcoming auction. 

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