The auction for the 11th edition of the Pakistan Super League will take place on February 11th.
The bidding for players will be set in Pakistani Rupees, with the base price for the top bracket set at 42 million or about 151,000 US dollars.
Last week, the PCB announced that the PSL would move away from a draft to an auction model for the first time in its history.
A number of further changes have also been introduced to accommodate the two additional franchises – Hyderabad and Sialkot.
Each franchise will be allowed four retentions in their existing squad, with one retention per player category – Platinum, Diamond, Gold and Silver.
Player placement in these categories has not yet been announced.
Each side will be allowed to stock between 16 and 20 players, with five to seven overseas players allowed.
Once signed, players will be engaged to two-year contracts with their franchise, with that stipulation applying both to retained players and those snapped up at the auction.
Each side will have to play one local player under the age of 23 in their side who is yet to play for the PSL.
