The first ten days of IPL 2025 have seen players who won the 2024 title performing brilliantly up and down the country. The only problem for the league's defending champions is that very few of them are playing for Kolkata Knight Riders (KKR).
Phil Salt has been blazing boundaries for Royal Challengers Bengaluru (RCB). Mitchell Starc wore the Purple Cap for a while after eight wickets in two appearances for Delhi Capitals (DC). Shreyas Iyer hit an IPL-best 97 not out in his first game as Punjab Kings (PBKS) captain. Even Nitish Rana, who played only twice last season owing to injury, crashed a match-winning 81 for Rajasthan Royals (RR).
Meanwhile, a KKR side that lost three times in the whole of last year has already been beaten two times: a seven-wicket defeat at home to RCB, and now an eight-wicket thrashing at the Wankhede on Monday night against Mumbai Indians (MI). These are early days in a long season, but they have made a slow start to their title defence - as champions have tended to after mega auctions in recent times.
The whole purpose of the mega auction - which saw teams permitted a maximum of six retentions from last year - is to ensure the IPL retains the competitive balance which makes it such a compelling spectacle. It is ideal for the league's overall narrative, minimising the gap between top and bottom, but makes the notion of retaining a winning squad near-impossible.
It must be hugely frustrating for successful franchises, but the combination of a strict salary cap and the unpredictability of an auction is one of the IPL's key design features. It is not by mistake that there have been four different champions in the last five seasons, with seven teams reaching at least one final in that time. Already this season, each team has won at least once.
Unsurprisingly, KKR used all six retentions after their 2024 triumph and made no secret of the fact that they would have liked to keep hold of several more. They bought another six of their title-winners back at November's auction, with Venkatesh Iyer foremost among them and his INR 23.75 crore price tag doubtlessly inflated by the franchise's desire to keep the core of the side together.
Cast your mind back to November's auction in Jeddah, and you may remember Venky Mysore raising a purple paddle to place bids on all three of Salt, Shreyas and Starc. The trouble was that they had insufficient funds remaining to bring them back within the confines of the salary cap.
It is clearly too soon to evaluate Venkatesh's season, which has brought him nine runs in his first two innings. But the decision to go hard for him over several others was a significant choice at the auction, and KKR's main changes from last year's side - Quinton de Kock, Ajinkya Rahane and Spencer Johnson replacing Salt, Shreyas and Starc respectively - do not look like obvious upgrades.
But, in fact, de Kock and Rahane are the only batters to hit fifties in their first three games this year, with another new signing, Moeen Ali, instrumental in their win over RR in Guwahati. Instead, it has been their returning players - including Rinku Singh, Andre Russell, Harshit Rana and Ramandeep Singh - who have not fired at this stage of the season.
"It's very disheartening after the mega auction because you have a set combination and then every three years the team changes," Ramandeep said after Monday's defeat. "But this is part and parcel of the IPL. Now teams will be trying to find their winning combinations as soon as possible and we're trying for the same."
This was a night that KKR will try to swiftly forget: they were bowled out in under 100 balls for their lowest total since 2022. Rahane described it simply as a "collective batting failure" on what he believed was "a good wicket to bat on", and will be looking for a response against Sunrisers Hyderabad (SRH) on Thursday: "We've got to learn really fast from this game," he said.
Loyalty is a rare trait in a T20 franchise, and generally an admirable one. The challenge for KKR was to identify the role each player had in their title win and to value them accordingly: it will become increasingly evident as this campaign unfolds whether they have kept hold of the right ingredients from their title-winning recipe.
Chennai Super Kings (CSK) in 2022 and MI in 2018 were the most recent teams to start a season as defending champions immediately after a mega auction, and neither reached the playoffs. KKR will be determined to prove that is a coincidence rather than a pattern - and must overcome two heavy early-season defeats to do so.