LAHORE: The Pakistan Super League (PSL) on Friday set February 6 as the deadline for the two new owners to announce the retention of their players ahead of the historic auction on February 11.
The marquee league made the announcement through its official social media handles saying, “The clock is ticking. The two new (PSL) franchises have to submit their retention by 6 February 2026.”
Notably, the two new owners – Sialkot Stallions and Hyderabad – have been given two more days to declare their player retention than the existing six teams given the February 3 deadline.
It will help two new entrants by selecting players released through direct signings sanctioned by the Pakistan Cricket Board (PCB) for the first time since the arrival of the marquee league in 2016, while the existing franchises’ deadlines have been set earlier.
A day after the Pakistan Cricket Board (PCB) announced the category updates of 89 national cricketers, related to six existing franchises.
The PCB will set up an independent committee to oversee retention for the 2021 champions as the owners of five franchises besides Multan Sultans – Lahore Qalandars, Karachi Kings, Islamabad United, Peshawar Zalmi and Quetta Gladiators – have renewed their contracts for another decade.
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, the league will conduct player auctions instead of the traditional player draft.
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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