The Hundred to introduce player auction for 2026 season

The Hundred will switch from a draft system to a player auction for the 2026 season, imitating the long-standing method for squad-building in the IPL, while the overall salary pot for the men's and women's competitions will be significantly hiked, by 45% and 100% respectively, according to changes agreed in the wake of this year's equity sale, which raised more than £550 million for the ECB.

The maiden auction is set to take place in March 2026, and is one of several significant changes that were ratified by the Hundred's Board on Thursday, as part of the 'reset' process to launch the first season in which the eight teams will be either co- or fully owned by private investors.

In a bid to attract the best available players for the tournament, the total amount that men's teams can spend per season will rise from the present level of £1.2 million to £2.05 million, while the women's figure will rise to £880,000 per team. The base salaries for the lowest-paid women's players will increase by 50%, from £10,000 to £15,000.

According to the ECB, there will be salary caps in place, but also salary collars - a minimum spend per team per season - and the option of multi-year contracts will also be introduced. As flagged by ESPNcricinfo last year, the number of overseas players per squad is set to rise, from three to four - subject to Home Office clearance - with a total of 16-18 players permitted per squad.

There will be no right to match, but direct signings will be permitted: up to two overseas players and two centrally-contracted England players. The window for such signings will extend from mid-November to mid-January, while the Hundred Board has also approved the retention of the wildcard system which will allow two players per franchise to be selected from the T20 Blast, via a player draft in June 2026.

As a consequence, a cumulative pre-auction deduction will be factored in for each franchise, which will reduce the spend permitted at the auction depending on the number of players picked up beforehand.

For the men's competition, this will equate to: £350k (1 signing), £650k (2 players), £850k (3 players), £950k (4 players). For the women's competition, the figures are: £130k (1 signing), £240k (2 players), £310k (3 players), £360k (4 players).

Vikram Banerjee, the Managing Director of the Hundred, said: "This is a hugely exciting time for the Hundred. These changes will help us make the competition even better, ensuring we get the best players in the world and improving the standard of cricket and level of entertainment further again.

"Working alongside our new partners we've been exploring how we can take The Hundred forward and we've decided that moving to an auction will allow us to improve the competition. For a competition that has always been proud to innovate, we're delighted to be holding the first auction in major UK sport.

"In making this decision, we have stuck to three key principles: i) ensuring The Hundred attracts the best players in the world, ii) maintaining a competitive balance between the squads, iii) guaranteeing whatever changes we make work across the men's and women's games. "The decision to increase the men's salary pot by 45% has been taken because market forces in the men's game necessitate a more significant uplift to ensure we're able to attract the best players in the world.

"The salary pot for the women's competition in the first year of The Hundred was £120,000, with the top-earning players earning £15,000 - the pot has risen for the third year in a row. With the pot now £880,000, top-earning players are set to earn in the region of £130,000, as well as a significant increase in salaries for those at base price.

"Salaries in The Hundred women's competition are very competitive, and they compare favourably with other franchise cricket competitions and across the landscape of women's sport.

"It's been fantastic to work alongside our new partners, they're already bringing energy and expertise and I know that together we can make The Hundred even better, for fans and players alike."