ISLAMABAD: Pakistan Super League (PSL) Governing Council Chairman Najam Sethi has expressed optimism that the PSL would give a great boost to Pakistan’s cricket by providing players an opportunity to play with top international cricketers.
In an interview on Monday, Sethi said that each of the five teams participating in the event would have to include four foreign and two local budding players in the squad. “Even the new cricketers will get at least $25,000 each,” he said adding that the step would boost their confidence and encourage them to play cricket.
He said the PSL would also help make Pakistan Cricket Board (PCB) financially independent. He said the money earned through the PSL, he said would be utilised to develop cricket in Pakistan. He said the money earned through the PSL would be in a central pool, with the franchises getting a 75 per cent share.
In addition, every franchise will also get profit through sponsorship rights including the logos on shirts, he added. Sethi said every PSL franchise would be required to pay players’ fee in advance to the PCB, which he added would be disbursed to the cricketers by the board itself.
He said 20 eligible parties had expressed interest to buy the five franchises adding that the number would be enhanced to eight during the next four years. He said every franchise would hire former Pakistani players for getting advice on selecting the squad.
To a question, he said that the PSL logo ceremony was meant for sponsors and interested franchises and not for media and cricketers. He said the PSL would be the second biggest T20 competition after the Indian Premier League (IPL) stating that agreement had been made with the top international players.