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Indian batter Ruturaj Gaikwad has been ruled out of the two-Test series, which is a part of the World Test Championship cycle, after fracturing his finger.
The left-arm pacer broke Australian captain Pat Cummins' mark of Rs 20.5 crore set earlier in the day.
The most important factor that determines the bids on auction floor are the requirements of the franchisees.
K S Bharat, who is currently in South Africa as India 'A' skipper, has been inducted into the main squad.
Pace-bowling all-rounder Deepak Chahar was also withdrawn from the ODI squad.
Dravid & Co. will be monitoring the inter-squad game in preparation for the Test series.
Dhoni announced his retirement on August 15, 2020, and no other player has worn the No.7 shirt since then.
Cricketer Mohammed Shami has also been nominated for the Arjuna.
Of the 23 players in the highest pay bracket, 20 are overseas cricketers.
Pant is undergoing rehabilitation at the National Cricket Academy (NCA) in Bengaluru.