The inaugural player auction of the Lanka Premier League (LPL) will be conducted on June 14, 2023, Sri Lanka Cricket (SLC) announced.
According to an SLC statement, the much-awaited auction will take place at the Shangri-La Hotel in Colombo.
This is the first time the tournament, which is Sri Lanka’s topmost domestic T20 league with an international flavour, is conducting a player auction.
The SLC stated that each franchise team will bring in a sum of US$ 500,000 for the auction to bid for players, thus totalling up to an overall sum of US$ 2.5 million from all five teams.
The 4th Edition of the Lanka Premier League (LPL) will be held from July 30 to August 20, 2023. (NewsWire)