Along with their retentions of Rinku Singh, Varun Chakravarthy, Andre Russell, Sunil Narine, Harshit Rana and Ramandeep Singh, and by buying Anrich Nortje again, they have nine players of 10 from the squad that won the 2024 IPL.

“Auctions are this way only,” KKR CEO Venky Mysore said of splurging on Venkatesh. “At the end of the day it’s about the player you want and the type of player you want in the set-up. Of course, prices have a meaning within a certain band and so it surprises you all the time. When you have salary caps like this going up (INR 120 crore compared to 100 crore last auction), obviously [player] prices will also expand. For us it was about trying to keep our core. We’ve kept six players and brought 2-3 players back from last year. that was always the kind of thinking and as far as he (Venkatesh) is concerned we definitely did’t want to find ourselves in a situation where we may not be able to bing him back. But it always balances itself. When you look at Quinton de Kock (INR 3.60 crore) and Nortje (INR 6.50 crore) that we’ve picked, it balances off in many ways. On an overall basis, it all works out.

“They’ve proven on the field what they can do. You saw in a championship year, and one year we went to the final as well, in 2021. He (Venkatesh) was highly instrumental and terrific guy in the team. He had clearly given us an ultimatum that, ‘If you don’t pick me, I will be very sad’. So we didn’t want him to be sad, and we’re also very happy.”

The first day of the auction saw as many as three players bag deals of over INR 20 crore each, with two of them – former KKR captain Shreyas Iyer and Rishabh Pant – breaking the previous record of the biggest IPL deals. When asked if he was surprised by the big price tags this time as many big-name players wanted to explore the market, Mysore said, “Not really, to be honest. Players put in their base prices only, we’re the ones who are raising the paddle. It’s always a function of what the availability of the purse is and in that situation and timing what not. I still maintain that the RTM rule should have been the old rule.”