Hardik Pandya will join PBKS for INR 18 crore, up from INR 16.35 crore. Arshdeep Singh moves in the other direction to MI on his existing fee of INR 18 crore, completing a swap between the two franchises ahead of IPL 2027.

The deal is notable because two players change sides in a single transaction, and the price attached to each move tells a different story. Pandya's fee has climbed while Arshdeep's has stayed level, which suggests the two franchises valued their targets differently. It also raises questions about how teams will weigh squad needs against the cost of securing talent in the seasons ahead. For supporters of both sides, the exchange could reshape how their attack and batting order look once the tournament arrives.

Readers who want the complete details of the swap can find the full story on ESPNcricinfo.