Both franchises initially discussed a package that would have sent Hardik to Punjab in exchange for Arshdeep and Vinod moving to Mumbai. However, the negotiations resulted in a direct player swap, which the IPL officially announced on Wednesday, November 11, ahead of the 2027 mini-auction.
According to an official IPL statement, Hardik's fee was increased from ₹16.35 crore to ₹18 crore. Punjab had bought back Arshdeep for the same amount at the previous auction. This removed the financial gap that Vinod was initially expected to balance.
Vishnu Vinod Has Played for Five IPL Franchises Since 2017
Vishnu Vinod made his IPL debut with Royal Challengers Bengaluru (RCB) in 2017, joining the franchise as an injury replacement for KL Rahul. He later moved to Delhi Capitals (DC) in 2021 and Sunrisers Hyderabad (SRH) in 2022, but did not feature in a match for either side.
Across seven IPL appearances, Vishnu Vinod has scored 71 runs at an average of 11.83 and a strike rate of 109.23, along with two stumpings. His most recent appearance came against Mumbai in Dharamsala during IPL 2026, when he scored an unbeaten 15 off eight balls.
Hardik Pandya's Move to PBKS Ends Second MI Stint
Arshdeep, meanwhile, is set for his first IPL stint outside Punjab. He joined the franchise in 2019 and spent eight seasons with the team, becoming its leading wicket-taker. The left-arm pacer finished his Punjab career with 111 wickets in 96 matches.
Several teams have already completed major deals, including the four-player exchange between Chennai Super Kings (CSK) and Sunrisers Hyderabad and the trade involving Rishabh Pant and Kuldeep Yadav between Delhi Capitals and Lucknow Super Giants (LSG).
Also read: Hardik Pandya, Arshdeep Singh react for first time to MI-PBKS trade
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