Sialkot Stallions Make History with Steve Smith Direct Signing for HBL PSL 11

Sialkot Stallions Make History with Steve Smith Direct Signing for HBL PSL 11

The HBL Pakistan Super League (PSL) 11 – 2026 has kicked off with a major statement as Sialkot Stallions completed the first-ever direct signing in PSL history by securing Australian superstar Steve Smith for $320,000. This landmark move comes after the Pakistan Cricket Board (PCB) officially allowed direct player signings for the first time in the league’s 11th edition, adding a new and exciting dimension to team-building.

How the Deal Happened

Initially, two to three PSL franchises were actively pursuing explosive all-rounder Glenn Maxwell as their top overseas target. However, Maxwell withdrew his name from the PSL due to personal reasons, forcing teams to quickly reassess their options. Attention then shifted to Steve Smith, one of the most experienced and technically sound batters in world cricket.

Seizing the opportunity, Sialkot Stallions moved swiftly and finalized a deal with Smith, making him the first direct signing in PSL history. The signing not only boosts Stallions’ batting strength but also adds immense leadership and global star power to the franchise.

Retention Phase Sets the Tone

Alongside the excitement of direct signings, PSL franchises have already locked in their core players during the retention phase. Big names such as Shaheen Shah Afridi, Babar Azam, Shadab Khan, Abrar Ahmed, and Hasan Ali have all been retained by their respective teams, ensuring continuity and rivalry heading into the draft.

These retentions underline the franchises’ focus on stability while preparing to aggressively target missing pieces through direct signings and the draft.

Platinum Category and Team Budgets Announced

The PCB has also announced the base price for the Platinum category, setting it at $50,000 (approximately PKR 1.40 crore). Each franchise has been allocated a budget ranging from PKR 40 to 45 crore, giving teams ample room to build competitive and balanced squads.

With direct signings now allowed, franchises are expected to use a mix of star power, smart budgeting, and strategic picks to assemble title-winning combinations.

Fierce Competition Expected in the Draft

The upcoming draft promises intense bidding wars, with a long list of top local and overseas players available. Pakistani stars such as Mohammad Amir, Faheem Ashraf, Haris Rauf, Fakhar Zaman, Salman Ali Agha, Mohammad Haris, Saim Ayub, Mohammad Nawaz, and Naseem Shah are expected to attract heavy interest.

On the overseas front, power hitters and match-winners like Alex Hales, Jason Roy, David Miller, and several other international names are set to enter the auction pool, making team selection more competitive than ever before.

A New Era for the PSL

With Steve Smith’s record-breaking direct signing, high-profile retentions, increased budgets, and a talent-packed draft pool, HBL PSL 11 is shaping up to be one of the most exciting editions in league history. The introduction of direct signings has opened a new chapter for the PSL—one that promises bigger names, tougher competition, and an even more thrilling spectacle for fans around the world. 🏏🔥