IPL 2026 Auction: Salary of Punjab Kings (PBKS) players; check out how much Shreyas Iyer and Cooper Connolly earn

Table of Contents

Punjab Kings made calculated moves at the IPL 2026 mini-auction in Abu Dhabi, spending ₹121.50 crore to complete a 25-player squad while leaving ₹3.50 crore unspent. After reaching the IPL 2025 final, PBKS retained a strong 21-player core led by captain Shreyas Iyer, focusing on stability rather than a full rebuild. The auction added key reinforcements like Australian all-rounders to address gaps left by releases such as Glenn Maxwell and Josh Inglis.​

PBKS entered the auction with just ₹11.50 crore and four slots to fill, prioritizing value buys over splashy spending. Head coach Ricky Ponting and captain Shreyas Iyer emphasized continuity around their IPL 2025 runners-up core, retaining pace spearhead Arshdeep Singh and spinner Yuzvendra Chahal at ₹18 crore each to anchor the bowling. They targeted versatile overseas all-rounders to replace Maxwell’s firepower, securing Cooper Connolly as a like-for-like option after his explosive Big Bash League form, including a 59 off 31 balls in the opener. Ben Dwarshuis added left-arm pace depth, while domestic picks like Praveen Dubey and Vishal Nishad provided economical squad balance at ₹30 lakh each. This approach reflects Ponting’s preference for balanced units capable of adapting to varied conditions, blending experience with youth like Priyansh Arya and Nehal Wadhera.​

The franchise avoided overbidding frenzy, focusing on players fitting their middle-order aggression and death-over needs. Releases of underperformers like Maxwell freed overseas slots without disrupting the spine of Iyer, Arshdeep, and Marcus Stoinis. Iyer’s presence at the auction table ensured captain-led decisions, underscoring PBKS’s trust in his IPL-winning pedigree from Kolkata Knight Riders. With eight overseas players maxed out, the squad now boasts flexibility for impact subs, positioning PBKS as title contenders in IPL 2026.

Also READ: IPL 2026 Auction: Complete list of sold players with their price

Punjab Kings finalized their 25-player squad at the IPL 2026 auction, spending ₹121.50 crore while leaving ₹3.50 crore unspent.​

Also READ: IPL 2026 Auction: Full list of unsold players along with their base price