The Hundred will replace its draft with an open auction and a hybrid IPL-style model permitting franchises to negotiate direct contracts of up to three years. New investor ownership will formalize updated recruitment regulations in October with a first auction planned for February. Existing draft mechanisms and fixed salary bands will be removed in favour of larger squad salary pots, following investor purchases totalling 520m across eight franchises. Men's and women's squad salary pots will increase above the current 1.2m and 429,000 respectively. Franchises will have freedom to spend but a salary collar will set a minimum investment to preserve competitiveness.
The Hundred will adopt a new system of player recruitment next season, with the draft to be dropped in favour of an open auction that gives franchises the chance to make direct signings on multi-year deals. The Guardian has learned that after discussions between the new ownership groups, the new investors have agreed to adopt a hybrid model similar to that used in the Indian Premier League, where franchises are permitted to offer contracts of up to three years.
A source involved in the discussions said the new investors, who have paid a total of 520m for stakes of between 49% and 100% in the eight franchises, want a major shake-up of recruitment with the emphasis on greater player movement, bigger budgets and more big-name overseas signings. As a result, the squad salary pot for 15 players of 1.2m in the men's competition and 429,000 in the women's tournament will increase next year.
Collection
[
|
...
]