PSL negotiations: Franchises weigh options after PCB’s take-it-or-leave it offer

The deadlock between the PCB and PSL franchises over a new financial model is set to continue, with a new board taking a more hardline approach in the negotiations.

As franchises contemplate a final, take-it-or-leave it offer from the PCB and push for an extension before responding, it’s become clear that a change in administration has hit the ongoing negotiations hard – the Ramiz Raja-led group has put down what amounts to a fresh set of terms. The franchises have to respond to the offer on Monday, following another meeting among themselves on Sunday.

Three options are available to them: (a) they agree to the terms, (b) they don’t agree, or (c) they ask for more time, which looks likeliest.

The new terms include the PCB offering the six franchises a hike in their share from the central revenue pool from next season; a fixed 95% of all revenue streams in the new deal, as opposed a variable amount between 85% to 90% previously. But, at the same time, the plan to give them rights in perpetuity after the tenth season has been removed. Instead, franchises would have to pay an increased franchise fee [existing fee + 25% or 25% of market value of the franchise, whichever is higher, is the hike in fee value].

(With Inputs from ESPN)

#PSL #negotiations #Franchises #weigh #options #PCBs #takeitorleave #offer