The Pakistan Cricket Board (PCB) is looking to adopt auctions instead of the drafting of players for the seventh season of the Pakistan Super League (PSL), according to reports.

The newly-appointed PCB Chairman, Ramiz Raja, is set on trying to further enhance the image of the PSL in the global circuit. He had his first meeting with the franchisees involved on Friday and they discussed the potential options that can make the league bigger than it is.

Ramiz is already considering increasing the maximum wage of a player from $160,000 to $250,000 to attract top-tier players around the world. The drafting system currently in place has pre-determined salaries which are currently being pondered over.

The details of the new financial model will be revealed by PCB soon

The franchisees informed Ramiz of the immense losses they’ve suffered in the first six years of the league. They are keen to adopt the new financial model on which a report was created by Justice (retd.) Tassaduq Hussain Jilliani.

The PCB has declined to reveal the details of the report to the PSL franchises for now. Instead, they will hold a separate meeting to discuss that matter with the owners involved. The Pakistan board’s top officials stressed that they will become liable to action from the National Accountability Bureau (NAB) or Federal Investigation Agency (FIA) in the future if the financial model isn’t reworked properly.

A team owner reportedly responded claiming he can get permission from a high-ranking government person if necessary. Also, the owners had earlier asked for compensation and their share from the revenues if the model is changed.

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