Recently Finished
Live Cricket
Upcoming Matches
View All Matches
Home
>
Stories
>
PSL’s salary cap gets reduced to counter franchise losses
Pakistan Super League (PSL)

PSL’s salary cap gets reduced to counter franchise losses

Pakistan Super League (PSL) is one of the most celebrated products of the history of the country. Despite being only 4 seasons old, the T20 carnival has gathered a lot of attention across the cricketing globe. However, it is important to note that it hasn’t been able to earn franchises a lot as most of the games were played in the United Arab Emirates (UAE) where crowd attendance remained a major issue.

To counter the losses of the franchises, it has been decided that the salary cap for assembling a full squad should be reduced to USD 1.1 million from USD 1.38 million. 

In a General Council meeting in Karachi, PCB met with the representatives of all the six teams while making this decision as they reviewed financial details and payments to cricketers in other T20 tournaments.

Moreover, the financial model of the tournament might undergo a few more changes. With Pakistan Cricket Board (PCB) Chairman Ehsan announcing the staging of complete event of the next season in Pakistan, things are likely to get smoother for everyone. However, catching major stars and convincing them to travel to Pakistan would be a challenge.