Due to a lower back injury, the star Indian all-rounder is yet to play any competitive match post the ICC T20 World Cup 2021 in UAE which got over in November 2021.
Apart from Raina, Australia batters Steve Smith and Aaron Finch, and New Zealand opener Martin Guptill were among the big names who went unsold at the auction.
Mumbai Indians picked up Tim David for Rs 8.25 crore in the mega auction 2022 on Sunday.
At the end of two days of bidding wars, it seems the franchises chose to tread on the side of caution when it came to loosening the purse strings for the newest batch of young talent in Indian cricket.
The 37-year-old veteran batsman, who has been part of the Chennai Super Kings for many years and also opened the batting for them, was among the top buys for RCB which bought 19 players at the IPL Mega Auction.
Archer was bought by the five-time IPL champions on the second day of the IPL 2022 mega auction in Bengaluru on Sunday.
Based purely on a leap of faith, MI paid a whopping Rs 8 crore for Archer despite his unavailability in the 2022 edition of the cash-rich league.
KKR retained Sunil Narine, Andre Russell, Venkatesh Iyer, and Varun Chakravarthy ahead of the IPL 2022 auction. They had 48 crores reaming purse going into the mega auction. Here is the full list of players bought by Kolkata Knight Riders.
With failed attempts to clinch a playoff spot since 2019, RR have aimed to form a strong core in IPL 2022 auction.
SRH retained Kane Williamson, Abdul Samad, and Umran Malik ahead of the IPL 2022 auction. They had 68 crores reaming purse going into the mega auction. Here is the full list of players bought by Sunrisers Hyderabad.
PBKS retained Mayank Agarwal and Arshdeep Singh ahead of the IPL 2022 auction. They had 72 crore reaming purse going into the mega auction. Here is the full list of players bought by Punjab Kings.
The teams went going big on current India players and largely based their decision on the form players from overseas with more focus on fast bowlers, not caring about reputations as the likes of Steve Smith, Aaron Finch, Suresh Raina, Ishant Sharma found out.
Mumbai Indians spent a gigantic amount of Rs 15.25 crore to get back their former key player Ishan Kishan, who is also the biggest bid for this season till now.
Royal Challengers Bangalore (RCB) spent a mammoth amount of Rs 21.5 crore to get the solid picks in the form of Harshal Patel and Wanindu Hasaranga.
Dhoni's side has again picked up the players that can provide them with experience in the the big tournament.
DC have formed a good core during the mega auction by adding David Warner, India U19 winning captain Yash Dhull and Shardul Thakur for IPL 2022.
New entrant Gujarat Titans have splurged their money generously at the IPL 2022 mega auction to build a competitive team to be led by Indian all-rounder Hardik Pandya.
The franchise took a conscious risk by signing the English all-rounder as England and Wales Cricket Board earlier said it is 'unlikely' that Archer will play IPL later in the year.
Raj Bawa has emerged as a promising player both with the bat and the ball. In the just-concluded tournament, Bawa collected 252 runs in five innings at an average of 63.
While left-arm seamer Khaleel Ahmed was selected by Delhi Capitals for Rs 5.25 crore.
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