Lahore: Pakistan Cricket Board (PCB) Chairman Mohsin Naqvi on Friday announced the official prize money structure for the upcoming HBL Pakistan Super League (PSL) Season 11, which is set to feature an expanded eight-team lineup for the first time in the league’s history.
In a post on his official X account, Naqvi confirmed that the PSL 11 champions will receive USD 500,000, while the runners-up will earn USD 300,000.
New Award Introduced for Franchise Contribution
Naqvi also introduced a new financial incentive aimed at recognising off-field development efforts.
The PCB will award USD 200,000 to the “Best Franchise Contributing Towards Cricket Development”, marking a significant move to encourage long-term cricket growth in Pakistan.
“Complementing the Pakistan Super League’s growth, I am thrilled to announce a new reward for franchises in the forthcoming editions,” Naqvi wrote.
Auction Date Confirmed for Two New PSL Teams
The announcement coincides with the PCB’s official confirmation of the auction date for the league’s two new franchises, which will be held on 6 January 2026.
The auction will determine the identities of the two new teams entering PSL 11.
Shortlisted cities include:
Faisalabad
Rawalpindi
Hyderabad
Sialkot
Muzaffarabad
Gilgit
Only technically qualified bidders will be eligible to participate. Successful bidders will then be allowed to select their preferred city and team name from the approved shortlist.
PCB Denies Rumours on New Team Names
The PCB also addressed widespread social media rumours suggesting Faisalabad and Gilgit had already been finalised as the new franchises.
The board categorically dismissed these claims, reiterating that no team names will be finalised before the January 2026 auction, as per the rules laid out in the official bid documents.
The PCB emphasised the league’s rising international stature, stating:
“The HBL PSL, now recognised as one of the premier T20 leagues, continues to grow in commercial strength, fan following and overall impact. We look forward to welcoming new stakeholders to the PSL ecosystem.”
