The chairman expressed that each of the five teams of the event would need to include at least four foreign and two local budding players in the side.
“Even the new cricketers will get at least $25,000 each,” he said adding that this move would help boosting their confidence and motivate other young players to play cricket passionately.
He said that the league would also be supportive in making Pakistan Cricket Board (PCB) financially strong. The financial outcomes of PSL would be used in developing country’s cricket, as he expressed.
“The money earned through the PSL would be in a central pool, with the franchises getting a 75% share,” said Sethi, in his TV program on a private channel.
“In addition, every franchise will also get profit through sponsorship rights including the logos on shirts,” added Sethi.
The chairman further said that every PSL franchise would be required to pay players’ fee in advance to the PCB, which would be utilized on the local cricketers.
Sethi also claimed that PSL would be the second biggest event of its kind after Indian Premier League (IPL) stating that the top players from around the world are due to join this league.
— PakistanSuperLeague (@thePSLt20) September 27, 2015