Despite having a star-studded team in the IPL 2023, Sunrisers Hyderabad underperformed massively and failed to qualify for the playoffs. However, the SRH management didn’t go their usual way of releasing most of the players and forming a new team ahead of the auctions for the IPL 2024. Instead, they retained most of their players for the new season.
The Orange Army released Harry Brook, Adil Rashid, and Kartik Tyagi to free some funds. They had a massive purse of INR 34 crore to fill only 6 slots, including 3 overseas slots.
| Player | IPL Price |
| Mayank Agarwal | 8.25 crore |
| Upendra Singh Yadav | 25 lakh |
| Abdul Samad | 4 crore |
| Sanvir Singh | 20 lakh |
| Umran Malik | 4 crore |
| Washington Sundar | 8.25 crore |
| Rahul Tripathi | 8.50 crore |
| Abhishek Sharma | 6.50 crore |
| Bhuvneshwar Kumar | 4.20 crore |
| Aiden Markram | 2.60 crore |
| Marco Jansen | 4.20 crore |
| Glenn Phillips | 1.50 crore |
| Fazalhaq Farooqi | 50 lakh |
| Heinrich Klaasen | 5.25 crore |
| Mayank Markande | 50 lakh |
| Anmolpreet Singh | 20 lakh |
| T Natarajan | 4 crore |
| Nitish Kumar Reddy | 20 lakh |
| Shahbaz Ahmed | 2.4 crore |
With only six slots to fill and a massive purse of INR 34 crore at their disposal, Surnrisers Hyderabad went big in the auctions for the IPL 2024. They began their shopping by signing the Sri Lankan spinner Wanindu Hasaranga for INR 1.50 crore.
Following that, they signed the Aussie opener Travis Head for a very good price of INR 6.80 crore. However, what happened next surprised everyone as SRH broke the bank for the Aussie skipper Pat Cummins and signed him for a whopping INR 20.50 crore. They also invested in the veteran pacer Jaydev Undakat and later completed their squad with one uncapped Indian bowler Akash Singh and a young talented bowler from Hong Kong Jhatavedh Subramanyan.
| Player | IPL Salary |
| Wanindu Hasaranga | 1.50 crore |
| Travis Head | 6.80 crore |
| Pat Cummins | 20.50 crore |
| Jaydev Unadkat | 1.60 crore |
| Akash Maharaj Singh | 20 lakh |
| Jhatavedh Subramanyan | 20 lakh |
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