Mohsin Naqvi announces revised prize money for next PSL edition

Nov 22, 2025 | Sports

Pakistan Cricket Board (PCB) Chairman Mohsin Naqvi on Friday unveiled a revised prize-money structure for the next edition of the Pakistan Super League (PSL), set to be held in April 2026, marking a significant shift aimed at enhancing competitiveness and rewarding broader contributions to the sport.

In a statement posted on X, Naqvi said he was “thrilled” to introduce a new reward system aligned with the league’s growing stature. According to the updated structure, the PSL champions will take home $500,000, matching the prize purse of the 2025 tournament. However, the runner-up team will now receive $300,000, reflecting a substantial increase from the previous year’s $200,000.

In a notable new addition, the PCB has also earmarked $200,000 for the franchise deemed to have made the most significant contribution to cricket development. The board said this reward is designed to encourage long-term investment in youth programmes, grassroots initiatives, and talent pathways.

Cricket analysts see the move as an effort to incentivise franchises beyond on-field results, aligning financial benefits with national cricketing objectives.

Separately, the PCB announced that the auction for two new PSL franchises will take place on January 6, 2026, marking the league’s largest expansion since 2018. The board said a final decision on the shortlisted cities will be made after December 15, following internal evaluations and consultations.

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“This marks a significant milestone in the league’s continued expansion and its commitment to expanding its footprint across Pakistan,” the PCB said. It added that bringing two additional teams into the tournament would “create fresh commercial, sporting, and fan-engagement opportunities”.

PSL, which began in 2016 with five teams, expanded to six when the Multan Sultans joined in 2018. The inclusion of two new sides will raise the total number of franchises to eight — the first major structural change in seven years. The move is expected to lengthen the tournament window and boost revenue streams, while offering more playing opportunities for emerging domestic cricketers.

As preparations for PSL 2026 progress, the revised prize structure and expansion plans signal the PCB’s broader push to elevate the league’s international profile while strengthening Pakistan’s cricketing ecosystem at the grassroots level.

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