KARACHI: The Pakistan Cricket Board (PCB) will set up an independent committee to oversee the player retention of Multan Sultans ahead of the historic Pakistan Super League (PSL) 11 auction on February 11.

According to details, the independent committee will be tasked with retaining four players from each division as per the new guidelines from the existing squad ahead of the auction.

Meanwhile, the cricket board is also going to auction the franchise and has formally invited bids for the Sultans’ franchise earlier this month by publishing an advertisement to attract interested parties.

Following the sale of the franchise, the new owners and their management will be responsible for selecting the remaining team during the bidding process.

Whereas, the retention categories of foreign cricketers will be decided after the auction registration process is over.

It has been decided that the retention category of foreign players who placed in the previous edition will be fixed based on their base price at the time of registration this year. However, owners and players may mutually agree to select a different retention category for the upcoming season.

For the uninitiated, the historic 11th edition of the PSL will see the league expand to eight teams, with Hyderabad and Sialkot Stallions joining as the new owners.

For the first time, a league player auction will be held instead of the traditional player draft scheduled for February 11.

Ahead of the auction, PCB announced the base prices for the players and the minimum bid amount in Pakistan Rupees.

The base prices have been fixed at PKR 4.2 crore, PKR 2.2 crore, PKR 1.1 crore and PKR 60 lakh, giving owners a clear framework for player valuation.

The minimum bid increments are PKR 250,000 for bids below PKR 1.1 crore, PKR 500,000 for bids below PKR 2.2 crore, PKR 1,000,000 for bids below PKR 4.2 crore and PKR 4.2 crore for bids above PKR 1,500,000 crore.

Owners may bid higher than minimum increments.

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