LAHORE: The trade window for Pakistan Super League (PSL) 11 is open till March 18, a week before the eight-team tournament begins.
During the trade window, player trades are permitted for eight participating franchises, primarily player for player trade, player for cash trade, and player and player for cash trade, according to competition regulations and salary cap rules.
A player-for-player trade allows two franchises to swap players with each other boasting similar salary caps, while a player-for-money trade allows a player to be traded in exchange for an agreed-upon financial amount.
Meanwhile, on player-for-player and cash trades, owners can exchange players, with one of them receiving an agreed-upon financial amount as part of the trade.
Notably, all eight franchises are bound to complete the trade within their respective salary caps, which will be finalized only after approval by the Pakistan Cricket Board (PCB).
The marquee league also announced an exemption to Multan Sultans by giving them a PKR 1.2 crore increase in their salary cap and allowing them to increase their squad size to 22 with two additional signings.
“Due to the exceptional circumstances in which Multan Sultans were bought, the owner was granted an increase in their salary cap of PKR 1.2 crore with the approval of other teams, and permission to enter into two additional contracts, taking their maximum squad size to 22 players.
2021 champions Multan Sultans will miss out on the marquee league in the upcoming 11th edition after being acquired by Wally Technologies in a star-studded auction last month.
Gohar Shah’s CD Ventures, a close rival of Wally Technologies in the bid for Sultans, made a late turnaround by buying a majority stake in Sialkot Stallionz, one of the two new PSL teams that were auctioned in January this year.
After buying the franchise for Rs 200 million last week, CD Ventures renamed the franchise to Multan Sultans.
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