PSL franchises ask PCB to reduce player salary pool

At a meeting of the Pakistan Super League (PSL) Cricket Council in London, United Kingdom, some franchises asked the Pakistan Cricket Board (PCB) to reduce the base player salary pool. As Dawn reports, franchise representatives consider the current amount allocated for contract payments to be too high.

The proposal was raised at the latest PSL Council meeting, held last week under the chairmanship of PCB head Mohsin Naqvi. According to the publication's sources, Naqvi did not respond to the request during the meeting.

Current remuneration structure

After the league's first ten seasons, the PCB increased the base salary pool to $1.6 million for each franchise under the auction system. This amounts to approximately 450 million Pakistani rupees.

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The pool can be increased to $1.8 million, or roughly 505 million rupees, to directly sign one foreign player who did not play in the previous season. Under the current structure, elite players can receive up to $150,000, second-tier players $80,000, third-tier players $40,000, and fourth-tier players $21,500.

Franchise sales

The demand to reduce the pool emerged after the sale of three franchises this year. Two new teams, Hyderabad and Rawalpindi, were sold for 1.75 billion and 1.85 billion Pakistani rupees respectively. The existing Multan Sultans franchise was sold for 1.08 billion rupees.

The owners of the other five franchises later repurchased their teams at significantly lower prices. Dawn sources noted that the owners of the new teams face greater difficulty meeting financial obligations than the owners of established franchises. At the same time, according to the publication, some league participants have not yet repaid their debts to the PCB.

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