Just makes me think what's the point of the auction and salary cap. Although, I'm sure the cap has been consistently navigated around by franchises over the years.
Hardik as a player is massive - he's one of a kind Indian player. Proven during the World Cup and is proven consistently by the overseas players who get huge sums for doing what he does or similar.
Two finals including a win as captain at Titans too.
Plus branding wise. Could only be Kohli that has more value to a team and that's probably heavily weighted on his brand value compared with Hardik's all-round contribution as player.
Without the salary cap it’ll be the Wild West I would imagine. Look at the how disproportionately stronger the MI franchises in other leagues tend to be where there isn’t a salary cap. While perks, benefits and under the table payments will continue to exist I can’t imagine that there will be any semblance of parity in the absence of a salary cap.
Even if he didn’t have a leadership bone in his body Hardik would be a massive pickup for any team due to the reason that you’ve pointed out. The only reason I can think of is his fitness long-term.