The explosive hitter was bought by Punjab Kings for 42 million rupees ($467,000) for last season but only returned with 48 runs and four wickets in seven games, and was released by the franchise in November.
Maxwell, who has played in the IPL since 2012, said the league helped in shaping him up as a cricketer.
“After many unforgettable seasons in the IPL, I’ve decided not to put my name into the auction this year. It’s a big call, and one I make with immense gratitude for everything this league has given me,” Maxwell wrote.
“The IPL has shaped me as a cricketer and as a person. I’ve been lucky to play with world-class teammates, represent incredible franchises, and perform in front of fans whose passion is unmatched.”
“The memories, the challenges, and the energy of India will stay with me forever. Thank you for all your support over the years—hopefully see you soon,” he added.
Over 13 IPL seasons, Maxwell has represented Delhi Capitals, Punjab Kings, Royal Challengers Bangalore, and Mumbai Indians.
He has played 141 matches, scoring 2,819 runs at a strike rate of 155.14, including 18 fifties, and has taken 41 wickets with his off-spin.
Faf du Plessis and Andre Russell also ruled themselves out of IPL 2026 last week with the former South African captain instead choosing to play in the Pakistan Super League and the former West Indies all-rounder joining Kolkata Knight Riders’ coaching department.
The 2026 IPL auctions will take place on December 16.
Meanwhile, Moeen Ali and Faf du Plessis had expressed interest in participating in the 11th edition of the Pakistan Super League (PSL).
Du Plessis withdrew from the IPL auction to take part in the PSL, while former West Indies all-rounder Andre Russell had announced his retirement from the Indian tournament. With input from Reuters