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PSL Confirms Auction Over Draft for 2026, Tightens Retentions and Raises Team Purse

The overhaul caps spending at $1.6 million per team, limiting retentions to four players.

Overview

  • The Pakistan Cricket Board has replaced the PSL draft with a full player auction starting in Season 11.
  • Teams may retain a maximum of four players — one per category — with mentor, brand ambassador and Right-to-Match provisions abolished.
  • Each franchise is permitted one direct signing of a foreign player who did not feature in the previous edition.
  • New franchises Hyderabad and Sialkot can select and retain four players from the pool before the auction.
  • PSL 11 begins March 26, 2026, with Faisalabad added as a venue, and the PCB will announce detailed auction rules and the schedule in due course.