Pakistan Super League second edition is set to take place from 09 February 2017 to 05 March 2017 in Dubai. PSL as its known, is the premier T20 domestic competition in Pakistan and it is highly likely this year’s final will take place in Lahore, Pakistan. PSL had a wonderful start with its first edition in 2016 and PCB are hoping to take this competition to next level as they have announced slight increase in already solid prize money to be offered. We take a look at how much is at stake in 2017 season.
Before we jump into the prize money we take a look at players salaries in PSL. After all players are the biggest beneficiaries of such franchise based T20 competitions. Pakistan Super League introduced a draft system instead of auction and players were put in several categories ranging from Platinum ($140,000). This is dwarfed by what top players can earn in Indian Premier League. Virat Kohli is the highest paid IPL player who earns around $2.5 million for 1 season in IPL.
PSL Prize Money: PCB announced that $1 million will be offered in prize money to PSL teams where winners will take home $600,000 followed by $200,000 for runners-up. 3rd place team to pocket $100,000. Rest $100,000 will be used for individual cash prices throughout the 2017 PSL season.
|STAGE||TOTAL PRIZE MONEY ($1 million)|
|WINNERS||$600,000 (₹6,2 crore PKR)|
|Runners-up||$200,000 (₹2.1 crore PKR)|
|3rd Placed Team in Playoff||$100,000 (₹1 crore PKR)|
|4th Placed Team in Playoff||$50,000 (₹52 Lakh PKR)|
|Cash Prizes for individual performances||Rest of the $50,000 will be used as cash prizes for players during PSL 2017.|
PCB expect revenue and prize money to increase when PSL will finally take place in Pakistan. Due to lack of support in Dubai/Sharjah and less domestic sponsors. There are other costs to host a competition abroad and that cause a very basic prize money. The year it moves to Pakistan we can expect huge increase in PSL revenue which will ultimately help increase the Prize money fund.