Indian all-rounder Hardik Pandya is set for a fresh chapter in the Indian Premier League (IPL) after being traded from Mumbai Indians (MI) to Punjab Kings (PBKS) ahead of the 2027 season. The blockbuster player swap, involving India pacer Arshdeep Singh moving to Mumbai, has also brought a significant salary hike for Pandya.

Hardik Pandya joins Punjab Kings for Rs 18 crore, up from his previous IPL contract of Rs 16.35 crore with Mumbai Indians. The move gives him a salary increase of Rs 1.65 crore and marks his third franchise association in the cash-rich T20 league.

The cricketer took to his Instagram and shared a post wearing a PBKS team jersey; he wrote, "My Captain. Shreyas. My Coach. Ricky. My team. All of Punjab. I am standing behind you."

From starting his IPL career with a modest Rs 10 lakh contract in 2015 to commanding Rs 18 crore in 2027, Pandya's salary journey reflects his rise from a young Mumbai Indians recruit to one of India's most sought-after all-rounders.

Hardik Pandya's IPL salary: Year-wise breakdown

2015-2017: Mumbai Indians – Rs 10 lakh

Pandya's IPL journey began in 2015 when Mumbai Indians signed him for Rs 10 lakh. He gradually established himself as a dependable all-rounder, contributing with both bat and ball.

His performances helped Mumbai win IPL titles in 2015 and 2017, making him an important part of the franchise's championship-winning setup.

2018-2021: Mumbai Indians – Rs 11 crore

Following his impressive performances, Mumbai Indians retained Pandya for Rs 11 crore ahead of the 2018 season.

He continued with the franchise for four seasons, playing a key role in its title-winning campaigns in 2019 and 2020. His ability to deliver explosive batting performances and contribute with the ball significantly increased his value in the league.

2022-2023: Gujarat Titans – Rs 15 crore

Ahead of IPL 2022, Pandya moved to the newly formed Gujarat Titans for Rs 15 crore and was appointed captain.

The all-rounder made an immediate impact, leading Gujarat to the IPL title in its debut season. The team also reached the final in 2023, establishing Pandya as one of the league's successful leaders.

2024-2026: Mumbai Indians – Rs 16.35 crore

Pandya returned to Mumbai Indians ahead of IPL 2024 for Rs 16.35 crore and took over the captaincy from Rohit Sharma.

However, his second stint with Mumbai was marked by mixed fortunes. Despite the leadership responsibilities, the team struggled to maintain consistency during his tenure.

He continued with MI for three seasons before being traded to Punjab Kings ahead of IPL 2027.

2027: Punjab Kings – Rs 18 crore

Pandya's latest move to Punjab Kings has taken his IPL salary to Rs 18 crore, giving him a hike of Rs 1.65 crore from his previous contract.

The trade was officially confirmed by the IPL on November 11, 2026. Under the deal, India pacer Arshdeep Singh will move to Mumbai Indians at his existing salary of Rs 18 crore.

Hardik Pandya's IPL salary growth over the years

Hardik Pandya's IPL career: A look at his achievements

Across 162 IPL matches, Pandya has scored 2,955 runs at a strike rate of 146.28 and claimed 82 wickets. He has won the IPL title five times, including four championships with Mumbai Indians and one with Gujarat Titans. His leadership also helped Gujarat reach consecutive finals in 2022 and 2023.