Prashant Veer’s rise at the IPL 2026 auction turned into one of the biggest talking points of the day as the uncapped Uttar Pradesh all-rounder landed a massive deal with Chennai Super Kings in Abu Dhabi. The franchise shelled out Rs 14.20 crore for the 20-year-old, a figure that was 47.3 times higher than his base price of Rs 30 lakh, underlining CSK’s intent to invest in young Indian talent ahead of the new season.
The bidding for Veer gathered pace quickly, with Rajasthan Royals entering early before Sunrisers Hyderabad mounted a late challenge. CSK, however, stayed firm throughout and eventually sealed the deal. The price tag made Veer the most expensive uncapped player in the history of the Indian Premier League auction. Within minutes of that record being set, CSK doubled down on their aggressive approach by snapping up Kartik Sharma for the same amount, underlining a clear strategy to future-proof their squad.
Record-breaking auction moment for CSK
Veer’s signing stands out not just for the numbers involved but also for what it represents for CSK as they prepare for a transitional phase. Known for backing players over long periods, the five-time champions have once again shown faith in potential rather than experience, signalling a shift towards building a core for the coming years.
The Abu Dhabi auction saw franchises competing fiercely for quality Indian all-rounders, and Veer’s meteoric rise during the bidding reflected how highly teams value players who can contribute in multiple departments. CSK’s willingness to outbid rivals highlighted how central Veer fits into their long-term plans.
Why Prashant Veer fits CSK’s long-term plans
A left-arm spinner who can also add quick runs in the middle order, Veer will be playing in the IPL for the first time. His domestic numbers, though from a small sample size, have caught the attention of scouts and franchises alike. In 12 T20 matches, he has scored 112 runs at a strike rate of 167.16 and taken 12 wickets in nine innings while maintaining an economy rate of 6.45.
Veer’s breakthrough performances in the UP T20 League for Noida Super Kings showcased his ability to handle pressure and deliver in key moments. At CSK, he is seen as a long-term option who could gradually grow into a role currently held by Ravindra Jadeja, making the hefty investment as much about the future as it is about the present.