The Pakistan Super League (PSL) is set for a major transformation ahead of its 11th edition in 2026, with PCB Chairman Mohsin Naqvi announcing a revised prize structure and the introduction of two new franchises—marking the league’s biggest expansion since its inception.
The prize pool for PSL 11 has been significantly enhanced, reaffirming the PCB’s commitment to rewarding both on-field success and off-field contributions.
“Complementing the Pakistan Super League’s growth, I am thrilled to announce a new reward for franchises in the forthcoming editions,” Naqvi said on X.
Under the updated prize money structure, the champions of PSL 11 will take home $500,000—the same amount awarded in the 2025 edition—while the runners-up will receive an increased reward of $300,000, up from $200,000. In a new move to encourage broader cricketing impact, a $200,000 prize will also be awarded to the “Best Franchise Contributing Towards Cricket Development.”
Complementing the Pakistan Super League's growth, I am thrilled to announce a new Reward for Franchises in the forthcoming editions:
– Champions: $500,000
– Runners-up: $300,000
– Best Franchise contributing towards Cricket Development: $200,000Let's take Pakistan cricket to…
— Mohsin Naqvi (@MohsinnaqviC42) November 21, 2025
PSL’s expansion brings two new teams and broader national footprint
The PCB also confirmed that the auction for two new franchises will be held on January 6, 2026, signaling the first major restructuring of the league in seven years. The PSL, which began in 2016 with five teams and expanded to six with Multan Sultans in 2018, will now grow to eight teams for the 2026 season.
“This marks a significant milestone in the league’s continued expansion and its commitment to expanding its footprint across Pakistan,” the board said of the development.
Six cities have been shortlisted as potential homes for the new teams: Faisalabad, Rawalpindi, Hyderabad, Sialkot, Muzaffarabad, and Gilgit. Only technically qualified bidders will be invited to the auction, with successful bidders gaining the right to select a team name and city from the approved list.
The PCB also clarified that recent social media speculation regarding finalised team names or selected cities is unfounded. Final decisions will be made strictly in accordance with the bidding process outlined in the official documents.
PSL’s global profile continues to rise
As the PSL prepares to welcome two new franchises, the league is positioning itself for a new era of commercial growth and global recognition.
“The addition of two new teams will also create fresh commercial, sporting and fan engagement opportunities.”
The expanded league, coupled with increased financial incentives and a growing emphasis on cricket development, underscores the PCB’s ambition to elevate the PSL’s stature on the world stage.
With new teams, greater rewards, and broader national representation, PSL 2026 promises to be a landmark season in Pakistan’s domestic cricket landscape.
