February 11, 2026
Rawalpindi stepped into a new chapter on Wednesday. The franchise confirmed its Rawalpindi Franchise Retentions list just hours before the much-awaited PSL 11 Player Auction, signaling clear intent after a dramatic ownership switch.
Earlier this week, Walee Technologies secured the Multan rights with a record PKR 2.45 billion bid and rebranded the side as Rawalpindi. Few saw this coming. The move reshaped the league’s landscape overnight.
Mohammad Rizwan stays at the heart of the project. The former Pakistan captain has been retained in the Platinum category for PKR 5.60 crore. That decision felt inevitable. His runs, his leadership, his presence in tight finishes. All of it matters.
England’s Sam Billings joins him in the Diamond category for PKR 3.08 crore. The wicketkeeper-batter brings power and calm in equal measure. Zaman Khan slots into Gold for PKR 1.12 crore, while Yasir Khan fills the Silver bracket at PKR 60 lakh.
That one moment flipped everything. With these Rawalpindi Franchise Retentions, the management made it clear they are building around stability rather than starting from scratch.
After confirming their core, Rawalpindi head into the PSL 11 Player Auction with PKR 34.60 crore remaining. The overall squad budget stands at PKR 45 crore, plus PKR 5.5 crore reserved for direct signings under the league’s new auction system.
PSL 11 marks a shift away from the draft model. It is a full auction now. Honestly, you can sense the tension building across franchises.
All other teams, including Hyderabad Houston Kingsmen, and Sialkot Stallionz, have also locked in their retentions. Suddenly, the competition looks sharper.
Rawalpindi’s strategy feels measured. The core is set. The purse is healthy. The real test begins when the paddles go up later today.