In a groundbreaking move at the 2025 Indian Premier League (IPL) mega auction, Shreyas Iyer was acquired by Punjab Kings for a monumental sum of Rs. 26.75 crore, making him the second-highest-paid player in the history of the league. Punjab Kings fought off fierce competition, including from Iyer’s former team, Delhi Capitals (DC), to win the bidding war. For a brief period, Shreyas held the title of the highest-paid player in IPL history until Rishabh Pant’s acquisition by Lucknow Super Giants (LSG) matched the price tag through a Right to Match (RTM) clause by DC.
Shreyas Iyer’s Leadership Journey in IPL
Shreyas Iyer’s leadership journey has been nothing short of extraordinary. The dynamic Indian cricketer led Kolkata Knight Riders (KKR) to victory in the IPL 2024 season, marking a remarkable achievement in his career. This win made Shreyas only the fifth Indian captain in IPL history to lift the coveted trophy. Prior to that, he had led Delhi Capitals to their maiden IPL final appearance in 2020, though they fell short in the title race. Notably, Shreyas Iyer’s leadership skills have earned him a reputation as one of the most tactically astute captains in the league. His ability to handle pressure situations and bring out the best in his players has made him a standout figure.
Record-Breaking Auction and Tax Implications
The Rs. 26.75 crore bid was a game-changer for Shreyas Iyer, but it also comes with significant financial implications. Under Indian tax laws, individuals earning over Rs. 15 lakh annually are required to pay a 30% tax on their earnings. As a result, Iyer’s net salary will be approximately Rs. 18.72 crore after the tax deduction. Despite this, the hefty salary makes Shreyas one of the most sought-after players in IPL history, reflecting his immense value both as a player and a leader.
Will Shreyas Iyer Be Named Captain of Punjab Kings?
While no official statement has been made by Punjab Kings, there is widespread speculation that Shreyas Iyer will be named the captain for the 2025 season. Given his proven leadership capabilities and past successes, he is a natural contender for the role. Shreyas’ leadership journey is particularly impressive, as he is the only captain in IPL history to have led two different teams to the final. His first foray into the IPL final was with Delhi Capitals in 2020, where his side finished as runners-up. However, it was with Kolkata Knight Riders in 2024 that Shreyas Iyer clinched the ultimate prize, showcasing his capacity to lead under pressure. He is also the first captain in IPL history to be released the season after winning the trophy, which highlights the unpredictable nature of the auction and the dynamics of team management.
Shreyas Iyer’s Impact on Punjab Kings
Iyer’s move to Punjab Kings is a significant one, both for the player and the franchise. As one of the top players in the IPL, Shreyas’ addition to the squad will provide the team with a proven leader who has a wealth of experience in high-pressure situations. Punjab Kings, who have yet to win the IPL title, will be hoping that Shreyas can guide them to their first championship victory. His previous success with KKR and Delhi Capitals will be key in instilling confidence in the team and helping them perform in crucial matches.
In the coming season, Shreyas will be expected to make an immediate impact, not only with his batting and leadership but also in helping Punjab Kings find consistency in their performance. His ability to stay calm under pressure and make tactical decisions will be vital as he takes on the responsibility of leading one of the most star-studded squads in the IPL.
The Changing Landscape of IPL Salaries
Shreyas Iyer’s remarkable IPL auction price reflects the changing landscape of salaries in the league. With teams willing to spend heavily on star players, the IPL continues to be one of the most lucrative sporting leagues globally. The high price tag for players like Shreyas Iyer shows how the value of top performers is continually rising, especially with the increasing demand for leadership and experience in the tournament.
The deal for Shreyas, however, also shines a light on the intense competition among franchises to secure the services of proven leaders who can bring success to their respective teams. It will be interesting to see if Punjab Kings’ investment in Iyer pays off in the form of a long-awaited IPL title.
As the 2025 season approaches, all eyes will be on Shreyas Iyer and Punjab Kings as they embark on what promises to be a thrilling IPL campaign with high expectations and hopes for the future.
