The paceman was bought for $900,000 at auction and earned more than $320,000 for his brief stint with the Punjab side.
Captain Ricky Ponting, who went for a relatively modest $400,000 to the Kolkata Knight Riders at the auction in February, has emerged as the highest-paid Australian batsman when earnings are worked out on a rupees-per-runs-scored basis.
Ponting earned $3663 for every run, or $142,000 for the four games he played.
The World Cup winning captain, who made two golden ducks and scored just 39 runs for the tournament, admitted he would have liked to score more runs and that his impact "wasn't that great", according to 'The Australian'.
Lee and Ponting were among the six players, who return to Australia to prepare for the Caribbean tour where they will earn almost $13,000 a Test and $5000 a one-day internationals.