Gayle was Kings XI Punjab's final buy and the Rs 2 crore they spent on him meant the franchise were left with just Rs 10 lakh, using almost their entire purse of Rs 67.5 crore.
MI will open their campaign against arch-rivals and two-time winners Chennai Super Kings - who are making a return to the tournament after serving a two-year suspension - at their home, Wankhede Stadium, on April 7.
While Unadkat and Tye enjoyed big pay day, 17-year-old Sandeep Lamichhane made history by becoming the first cricketer from Nepal to be bought in the auction.
Sandeep has represented Nepal in the U-19 tournaments and has a knack for collecting wickets in high-pressure games.
The Rajasthan Royals now own the two most expensive players in the IPL 2018 after winning the bidding war against Kings XI Punjab to claim Unadkat for 11.50 crores.
Gowtham's bowling figures is one of the reasons why he was the most-sought after as he was sold to Rajasthan Royals for a whopping price of 6.20 crore.
Delhi Daredevils coach Ricky Ponting said he was not surprised that Kolkata Knight Riders did not try to get Gautam Gambhir back.
Jaydev Unadkat became the most expensive Indian at this year's IPL after he was bought by RR at a whopping Rs 11.50 crore while West Indian Chris Gayle - unsold twice - was picked up by KXIP at his base price of Rs 2 crore.
Here is the complete list of sold and unsold players from the first day of Indian Premier League auction at the Ritz-Carlton in Bengaluru.
Archer was one of the most sought after besides Pandya as the all-rounder has been highly impressive in England's county cricket.
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