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LAHORE, Jan 25 (APP):The Pakistan Cricket Board (PCB) in consultation with the franchises has decided that ‘Player Auction’ for the 11th edition of the Pakistan Super League (PSL 11) will be held on February 11.
The decision was reached during a workshop on Player Auction held at the Gaddafi Stadium here on Sunday. A detailed presentation on the mechanics of the retention and the auction process was delivered besides the consultations with all the participants.
The workshop was chaired by Chairman PCB Mohsin Naqvi which was attended by CEO PSL Salman Naseer, HBL PSL officials, franchise representatives, members of the T20I World Cup squad and PCB officials.
Among the players, the top two leading run-scorers in HBL PSL history Babar Azam and Fakhar Zaman and the top two leading wicket-takers Hasan Ali and Shaheen Shah Afridi were also present.
Among discussions on various aspects of the Auction, apart from the franchise representatives, the players fully engaged in the process.
The base prices of the players were also revealed and it was decided that the Auction and minimum incremental bids for the players were to be in Pakistan Rupees.
The base price of the top bracket was set in PKR 4.2 crore, PKR 2.2 crore, PKR 1.1 crore and PKR 60 lacs. The minimum incremental bid for each base price was also decided and are as follows:
•PKR 250,000 for bid amounts under PKR 1.1 crore
•PKR 500,000 for bid amounts under PKR 2.2 crore
•PKR 1,000,000 for bid amounts under PKR 4.2 crore
•PKR 1,500,000 for bid amounts above PKR 4.2 crore
The franchises are free to bid higher than the above mentioned minimum incremental bid for each base price.
The squad composition would be a minimum of 16 players and maximum of 20 players per franchise. The number of foreign players would be five to seven depending on the squad size. It would be mandatory for the franchises to play minimum of three and maximum of four foreign players in the playing XI.
The teams are also required to have minimum of two uncapped Under 23 players in the squad and one in the playing XI.
Players either retained or picked in the HBL PSL 11 Players Auction will be engaged for two-year contracts with their respective franchise teams. After the HBL PSL 11, the franchise teams will be able to retain a maximum of seven players for the 12th edition of the tournament.
Following the HBL PSL 12, there shall be a grand auction whereby each franchise is allowed a maximum of five retentions. Any released player will return to the player auction pool.
Franchises will also be entitled to directly sign one foreign player for the HBL PSL 11, who has not played in the HBL PSL X. The franchise team purse of PKR 45 crore will be extendable to PKR 50.5 crore to include the directly signed foreign players. The PCB will also contribute towards the procurement of elite foreign players.