The auction of two new teams of the Pakistan Super League (PSL) will be held at Jinnah Convention Center in Islamabad at 4:15 PM today. The auction will be shown on television live. As many as 10 prospective buyers will off their bids for two new teams.

The number of teams in the 11th edition of the PSL will be increased from six to eight. The auction will be followed by a special performance by Rahat Fateh Ali Khan.

The Pakistan Cricket Board (PCB) had put forward the names of Faisalabad, Hyderabad, Sialkot, Muzaffarabad, Gilgit-Baltistan and Rawalpindi.

Out of these six teams, bidders will select two.

The PCB has so far released details of 10 bidders.

The auction will be broadcast live in order to ensure transparency and global visibility to prospective investors and cricket fans worldwide.

Three weeks ago, PCB Chairman Syed Mohsin Naqvi said that the PSL’s 11th edition was scheduled to be held from March 26 to May 3, 2026, while also announcing that the auction for two proposed new franchises would take place on January 8.

The announcements were made during a PCB investor roadshow in New York.

Addressing the event, Mohsin said the PCB had taken administrative control of the Muzaffarabad Cricket Stadium and intended to begin its renovation work soon.

He added that efforts were underway to have the venue ready for the PSL in time, though he acknowledged that completion before the tournament was not guaranteed.

“We are starting Muzaffarabad’s stadium, which we have taken over, and our target is to get it ready before the PSL. If not, then work will be initiated within this year,” he said.

Mohsin also stated that the deadline for submission of bids for the new franchises had been extended to December 22, citing interest from prospective investors.

The Atlanta Hawks have parted ways with four-time NBA All-Star point guard Trae Young, trading him to the Washington Wizards in a blockbuster move, according to ESPN.

The Hawks will reportedly be receiving veteran shooting guard CJ McCollum and forward Corey Kispert in the deal. 

Washington was Young’s preferred destination, and the two sides were working on a deal to get the 27-year-old point guard to the nation’s capital.

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Young’s agents were having conversations with the Hawks, who sit at 17-21 so far this season, about trading their client out of Atlanta.

There is a mutual connection in Washington, too, as executive Travis Schlenk drafted Young fifth overall in 2018 out of Oklahoma.

It marks the end of an era for the Hawks. Young has been the focal point of their offense since he was taken in that draft. He is the team’s career leader in three-pointers and assists, having led the team to the postseason in three of his eight seasons. The Hawks went the furthest in 2021, where they made the Eastern Conference Finals.

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However, the new era was brewing already in Atlanta, with forward Jalen Johnson taking the next step in his career, averaging 23.7 points per game this season. The pickup of Nickeil Alexander-Walker also helps, as he’s averaged 20.5 points per game in 36 appearances.

Meanwhile, Young has played just 10 games this season, as he’s been dealing with leg injuries, most notably a right MCL sprain.

Trae Young #11 of the Atlanta Hawks looks on after the game against the Boston Celtics during Round One Game Five of the 2023 NBA Playoffs on April 25, 2023 at the TD Garden in Boston, Massachusetts. (Brian Babineau/NBAE via Getty Images)

The Hawks also get some flexibility on their books, as they could make some more moves. Anthony Davis is reportedly available from the Dallas Mavericks, making him a good target for Atlanta.

Young has $95 million remaining on his deal that runs through the 2026-27 season, which includes a player option this offseason.

Atlanta will be taking on McCollum’s contract, though the veteran guard has a $30.6 million expiring deal.

Through his 10 games this season, Young is averaging 19.2 points, 8.9 assists and 1.5 rebounds per game, while shooting 41.5% from the field.

Trae Young of the Atlanta Hawks drives down the court during the first half against the Philadelphia 76ers at State Farm Arena on April 7, 2023 in Atlanta, Georgia.  (Todd Kirkland/Getty Images)

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Over his career, Young has dropped 25.2 points and 9.8 assists per game, while leading the league in the latter category last season with 11.6 per contest.

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