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PSL Switches to Player Auction, Unveils Major Squad and Salary Rules for 2026

The PCB says the overhaul targets greater transparency.

Overview

  • Franchises may retain a maximum of four players before the auction, limited to one per category.
  • Mentor, brand ambassador and Right-to-Match provisions have been abolished for PSL 11.
  • The player salary purse has been increased to USD 1.6 million per team.
  • Each franchise is allowed one direct signing of an overseas player who did not feature in PSL X.
  • New teams Hyderabad and Sialkot can select four players pre-auction, with Faisalabad added as a venue and the season starting on March 26, 2026; detailed auction procedures will be announced later.