The 25-year-old had become the first cricketer from Jammu and Kashmir to be a part of the Indian team and the IPL when he bagged a contract with the now-discarded Pune Warriors last season.
Also getting decent deals were all-rounders Jalaj Saxena (90 lakh, Mumbai Indians) and Akshar Patel (Rs 70 lakh, Kings XI Punjab), left-arm spinner Shahbaz Nadeem (Rs 85 lakh, Sunrisers Hyderabad) and batsman Karun Nair (Rs 75 lakh, Rajasthan Royals).
Tare, with 41 dismissals in the last season of Ranji trophy, made a record for most dismissals by a wicketkeeper. He was the second highest run-getter for Mumbai with 842 Runs, which included a double century and three half centuries. He was awarded as the Best Mumbai Ranji Cricketer for 2012-13.
Promising pacer Jasprit Bumrah was bought by his previous team Mumbai for Rs 1.20 crore. The 20-year-old has played 11 Twenty20 matches, taking 13 wickets.