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Tracknfieldgear On January 6, 2012

Dinesh Karthik, the Tamil Nadu wicketkeeper, will move from Kings XI Punjab to the Mumbai Indians in the first important transfer ahead of the IPL's fifth season. Karthik was bagged by the Mumbai Indians for a hidden sum. A BCCI insider said it was easily the highest sum paid to buy a player from another team in the history of the IPL. In exchange for Karthik, allrounder R Sathish will go to Kings XI.

Kings XI had spent $900,000 on Karthik during the January 2011 auction, making him the second-most costly player in their squad, behind David Hussey and joint with Captain Adam Gilchrist. Though the IPL and both franchises have been muted about the trade, it is understood that Mumbai have paid anywhere between $2-2.5 million for Karthik. According to IPL rules, 20% of the profit made in a trade - in this case believed to be between $1.1-1.6 million - goes to the player with the rest going to the franchise selling him.

Sathish, who does not have an India cap, will be paid Rs 30 lakhs by Kings XI according to IPL rules. Despite having a power-packed squad, Mumbai Indians have struggled to find a full-time wicketkeeper. When the trading window opened on December 15, 2011, Mumbai Indians right away declared their interest in Karthik. Kings XI have Gilchrist as their first-choice wicketkeeper and Haryana's Nitin Saini in reserve, which would have made it easier for them to take the large amount offered for Karthik.

Karthik spent the first three IPL seasons at the Delhi Daredevils but they did not retain him for next season. Kings XI grabbed him at the auction, doubling the $525,000 Delhi had bought him for in 2008. Karthik was the first-choice wicketkeeper for the Daredevils but had to play as a batsman for Kings XI. The first window for trading between IPL franchises closes on January 20. There will be another short window for trading after the February 4 auction in which the players of now terminated franchise Kochi Tuskers Kerala will be sold.

Discus throw, Cheap Shot Put

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