Hardik Pandya is set for a significant financial boost ahead of the Indian Premier League (IPL) 2027 season after completing a high-profile trade from Mumbai Indians (MI) to Punjab Kings (PBKS). The Indian all-rounder will earn ₹18 crore per season with PBKS, an increase from his previous contract value of ₹16.35 crore at MI. The IPL officially confirmed the player exchange on Wednesday, November 11, 2026.
The deal also sees left-arm fast bowler Arshdeep Singh move in the opposite direction to MI at his existing fee of ₹18 crore. While the transfer reshapes both teams ahead of the upcoming season, it also marks another milestone in Hardik’s impressive financial journey in the IPL.
From ₹10 lakh to ₹18 crore: Hardik Pandya’s salary growth
Hardik’s IPL journey began with Mumbai Indians in 2015, when he was signed for ₹10 lakh. He gradually established himself as a powerful middle-order batter and a useful pace-bowling option, helping Mumbai win titles in 2015, 2017, 2019 and 2020.
His growing importance was reflected in his contract, which rose to ₹11 crore ahead of the 2018 season. He continued with MI through 2021 before joining Gujarat Titans (GT) for ₹15 crore in 2022.
The move proved successful on the field. Hardik captained GT to the IPL title in its debut season and led the team to another final in 2023. His leadership and all-round contributions strengthened his reputation as a player capable of influencing matches in multiple ways.
Hardik’s return to MI and the latest salary hike
Hardik returned to Mumbai Indians ahead of IPL 2024 and took over the captaincy from Rohit Sharma. His contract value subsequently increased, reaching ₹16.35 crore for the 2025 and 2026 seasons.
The latest trade brings another financial upgrade. Under the confirmed agreement, Punjab Kings will pay Hardik ₹18 crore for IPL 2027, an increase of ₹1.65 crore over his previous ₹16.35 crore fee.
Hardik Pandya IPL salary: Season-wise breakdown
| IPL Season | Franchise | Salary |
|---|---|---|
| 2015 | Mumbai Indians | ₹10 lakh |
| 2016 | Mumbai Indians | ₹10 lakh |
| 2017 | Mumbai Indians | ₹10 lakh |
| 2018 | Mumbai Indians | ₹11 crore |
| 2019 | Mumbai Indians | ₹11 crore |
| 2020 | Mumbai Indians | ₹11 crore |
| 2021 | Mumbai Indians | ₹11 crore |
| 2022 | Gujarat Titans | ₹15 crore |
| 2023 | Gujarat Titans | ₹15 crore |
| 2024 | Mumbai Indians | ₹15 crore |
| 2025 | Mumbai Indians | ₹16.35 crore |
| 2026 | Mumbai Indians | ₹16.35 crore |
| 2027 | Punjab Kings | ₹18 crore |
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What Hardik brings to Punjab Kings?
Hardik’s arrival gives Punjab Kings an experienced Indian all-rounder with a proven record of winning IPL titles. His ability to contribute with the bat and bowl crucial overs has made him an important addition to the squad.
Punjab will hope his experience helps the franchise take the next step towards its maiden IPL championship. For Hardik, the move represents a fresh start with his third IPL franchise after successful spells with Mumbai Indians and Gujarat Titans.
With a higher salary and a new challenge awaiting him, IPL 2027 could become another important chapter in Hardik Pandya’s career.
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