The Pakistan Cricket Board (PCB) on Saturday confirmed prize rewards for teams featuring in the Pakistan Super League (PSL) 11 final, set to be played at the Gaddafi Stadium in Lahore on Sunday.
According to the cricket board, as per the separate reward formula, the winning side will receive $500,000, while the runners-up will take home $300,000.
Furthermore, the PCB has also allocated $200,000 for a franchise with the best player development efforts, while the tournament-winning prize for players will be comprised of $500,000.
"For the first time in the history of the HBL PSL, a separate reward has been set for the franchises with the winning franchise getting $500,000, runners up will get $300,000, while the franchise with the best player development efforts will bag $200,000. The tournament winning prize for players will comprise of $500,000," the PCB said in a statement.
The confirmation came in line with PCB Chairman Mohsin Naqvi's announcement in November last year, in which he revealed a new reward system for franchises in the forthcoming editions, while complementing the marquee league's growth.
It is pertinent to mention that the highly anticipated PSL 11 final will be contested between 2017 champions Peshawar Zalmi, and tournament debutants Hyderabad Kingsmen.
Zalmi stormed into the final after winning their Qualifier against Islamabad United by 70 runs, while Kingsmen, who finished fourth after the league stage, defeated Multan Sultans and the United, respectively, in the two eliminators, to book their spot in the summit clash.
The two sides also came face-to-face in the league stage of the ongoing eight-team tournament, which saw Zalmi prevail by four wickets in a last-ball thriller.
