Pakistan Super League (PSL) is a professional Twenty20 cricket league in Pakistan composed of 5 member clubs representing cities. Headquartered in Lahore, the PSL is widely considered to be the premier professional cricket league in Pakistan. The PSL Cup will be awarded annually to the league playoff champion at the end of each season.
The Pakistan Super League will be organized in 2016 From 4 feb To 24 Feb and will replace the existing Haier T20 Cup. The league will draw many highly skilled players from all over the world, and currently has players signed from approximately 11 different countries (9 Full and 2 Associate Members) . Pakistani players will constitute the majority of the players in the league.
In September 2015, the PCB officially announced the launch of the Pakistan Super League, with its inaugural season to be played in 2016. Former captains Wasim Akram and Rameez Raja have signed formal contracts to be brand ambassadors of the PSL for the next three years. In its inaugural season, the PSL will only have five teams, with plans for an expansion to a ten league team over the next 5 seasons. The league will use the draft system for player recruitment, similar to that of the National Football League in the United States, as opposed to the “auction” used in other T20 leagues. The PSL’s official logo and anthem of the first season were launched on 20 September 2015 in a launching ceremony in Lahore. The anthem, Ab Khel Ke Dikha, was sung by Ali Zafar and the PSL logo was revealed by 3Di. The ceremony was attended by current and retired cricketers, as well as showbiz celebrities.
According to Initial reports, around 20 parties shown interest in buying franchises. Shoaib Akhtar the former Pakistan fast bowler has expressed his interest in owning a franchise. Javed Afridi, the CEO of Haier, has also shown interest in owning a franchise. On October 18, 2015 PCB offered tenders for bidding the franchises. According to statement by PCB, the bid winners will be granted right of each franchise for a term of 10 years. The interested parties had to apply for bidding before November 15.
“PSL will offer up to US$ 1 million (100 million rupees) in prize money while each franchise will be able to draft players and coaches for the team within a budget of US$ 1 million,” said PCB. Pakistan Cricket Board has introduced a category to lure expensive international players for Pakistan Super League. Price of players in the new category has been fixed at twenty million rupees. Earlier, the amount of top category ‘Platinum’ was around fourteen million rupees. The move was taken after a deadlock with cricket stars Chris Gayle and Kevin Pietersen on the issue of payment. Moreover, the price of Diamond category is seven million rupees, Gold five million rupees, Silver three million rupees and price of category of emerging players is two million rupees.