Indian cricket captain Virat Kohli is set to touch a new IPL salary record while Smith and Warner will become the highest-paid Australians in the upcoming season of Indian Premier League.
IPL 2018 has announced the list of eighteen players that were retained by eight franchises.
Virat Kohli was the biggest winner from Thursday's player-retention event in Mumbai, with the India captain set to pocket the biggest IPL salary in the competition's history.
Kohli became the most expensive player in IPL history after RCB spent Rs 17 crore ($3.4 million) on retaining his services.
Kohli surpassed Yuvraj Singh who was picked up for 16 Crores by Delhi Daredevils in 2015.
Test skipper Steve Smith and his deputy David Warner were able to secure the most lucrative contracts ever offered to an Australian cricketer.
Smith and Warner were each retained for the 2018 IPL season for price of INR 12 crore (app $AUD 2.4 million) by Rajasthan Royals and Sunrisers Hyderabad respectively.
Chennai Super Kings: MS Dhoni (INR 15 crore, $3.01m), Suresh Raina (INR 11 crore, $2.21m), Ravindra Jadeja (INR 7 crore, $1.41m)
Delhi Daredevils: Rishabh Pant (INR 8 crore, $1.61m), Chris Morris (INR 7.1 crore, $1.43m), Shreyas Iyer (INR 7 crore, $1.41m)
Kings XI Punjab: Axar Patel (INR 6.75 crore, $1.35m)
Kolkata Knight Riders: Sunil Narine (INR 8.5 crore, $1.71m), Andre Russell (INR 7 crore, $1.41m)
Mumbai Indians: Rohit Sharma (INR 15 crore, $3.01m), Haridk Pandya (INR 11 crore, $2.21m), Jasprit Bumrah (INR 7 crore, $1.41m)
Rajasthan Royals: Steve Smith (INR 12 crore, $2.41m)
Royal Challengers Bangalore: Virat Kohli (INR 17 crore, $3.42m), AB de Villiers (INR 11 crore, $2.21m), Sarfaraz Khan (INR 1.75 crore, $341,000)
Sunrisers Hyderabad: David Warner (INR 12 crore, $2.41m), Bhuvneshwar Kumar (INR 8.5 crore, $1.71m)
All eyes will be now on the IPL Auction that will be held on 27th and 28th January in Bengaluru.