{"id":2794,"date":"2021-09-27T12:01:13","date_gmt":"2021-09-27T12:01:13","guid":{"rendered":"https:\/\/dailyausaf.com\/en\/?p=2794"},"modified":"2021-09-27T12:01:13","modified_gmt":"2021-09-27T12:01:13","slug":"ramiz-raja-wants-to-explore-idea-of-psl-players-auction-instead-of-draft","status":"publish","type":"post","link":"https:\/\/dailyausaf.com\/en\/uncategorized\/ramiz-raja-wants-to-explore-idea-of-psl-players-auction-instead-of-draft\/","title":{"rendered":"Ramiz Raja wants to explore idea of PSL player\u2019s auction instead of draft"},"content":{"rendered":"

ISLAMABAD: Chairman of Pakistan Cricket Board (PCB) Ramiz Raja wants to look into the concept of introducing an auction to the Pakistan Super League (PSL) instead of the player\u2019s draft the league currently uses, in an effort to streghen the league.
\nThe PCB Chairman boss wants franchises to be able to pick players for longer-term contracts on higher pay. This idea was reportedly well received by the PSL franchises after a meeting between them and Raja this weekend, the publication reported, citing Cricinfo. But it stated that an obstacle in the way of these changes is the “long-standing impasse between the board and franchises over the league\u2019s financial model”.
\nRamiz’s ideas are reportedly being labelled “ambitious”.
\nFranchises argue that PSL’s current revenue distribution model is “preventing them and the league from flourishing”, the publication reported.
\nWith the league now six seasons old, four out of the six franchises, it is said, have yet to break-even on their investments.
\nAll six teams get an equal share from a central revenue pool each season (which comes from the league\u2019s broadcast rights and commercial deals). The annual franchise fees range from between $1.1 million to $6.35 million, and the board makes $15.65 million every season from that, and also takes 15% from the broadcast revenue stream.
\nFor comparison, in the IPL, the original eight franchises paid fees over a 10-year period, beyond which they don\u2019t have to pay any annual fee. In the Caribbean Premier League, the franchises have rights for 25 years.
\nThe PSL franchises, on the other hand, have a ten-year contract. The PSL franchises also bear the broadcast production costs every year, while the PCB covers the ground and match officials costs.
\nLast year, matters came to a head when the franchises took the PCB to court over the issue. It happened not long after the PCB had become entangled in legal disputes with the league\u2019s broadcast-rights holder.
\nFranchises take PCB to court
\nThe Lahore High Court asked the PCB to work with franchises and settle their issues out of court.
\nAfter a series of meetings with the franchises, then PCB chairperson Ehsan Mani engaged a former Chief Justice of Pakistan, Tassaduq Hussain Jillani, on a one-man independent panel to recommend a solution. The judge submitted that report earlier this month, though the PCB has not shared that with the franchises, saying it was a confidential document.
\nIt was reported that the PCB\u2019s reservation on the report so far is understood to stem from its fears over the legal implications of a change in the model of the PSL and the agreements on which the league was formed.
\nPCB officials are believed to be worried that a change in the PSL model may attract the attention of the state\u2019s financial oversight and regulatory authorities such as the National Accountability Bureau (NAB), the Public Account Committee (PAC) and the Auditor General of Pakistan. Such groups have, in the past, got involved in these matters.
\nIn 2016, for example, former PCB chairperson Najam Sethi was questioned by the PAC for authorising payments of $400,000 to each franchise. These payments were designed to offset losses made by the franchises in PSL’s first season.
\nRead more:\u00a0PCB decides to take tough stance against New Zealand at ICC<\/a><\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

ISLAMABAD: Chairman of Pakistan Cricket Board (PCB) Ramiz Raja wants to look into the concept of introducing an auction to the Pakistan Super League (PSL) instead of the player\u2019s draft the league currently uses, in an effort to streghen the league. The PCB Chairman boss wants franchises to be able to pick players for longer-term […]<\/p>\n","protected":false},"author":8,"featured_media":2795,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1155,459,1152,650,301,364],"class_list":["post-2794","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-auditor-general-of-pakistan","tag-pakistan-cricket-board","tag-psl-7","tag-ramiz-raja","tag-icc","tag-pcb"],"_links":{"self":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/2794","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/comments?post=2794"}],"version-history":[{"count":0,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/2794\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media\/2795"}],"wp:attachment":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media?parent=2794"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/categories?post=2794"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/tags?post=2794"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}