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The Big Bash League is set for a major shake-up as a new contracting system comes into effect, with the overseas player draft scrapped and clubs given greater freedom to spend on their biggest stars.
The contracting embargo will lift on Thursday at 9am AEST, triggering a rush of signings ahead of the upcoming BBL season.
Under the new rules, clubs will no longer be required to sign overseas players. The previous requirement for at least two overseas players, including one earning a minimum of AU$300,000, has been removed.
The changes could benefit high-profile players such as Ben Stokes, Finn Allen, Adam Zampa and Josh Inglis, with several expected to attract significant offers. Allen and Stokes, in particular, are among the overseas stars who could secure major contracts after becoming available under the new system.
The biggest change for Australian players is the reduction in the number of mandatory marquee players. Clubs previously had to have six players earning more than AU$212,242. Under the new structure, only three players must reach that threshold from the AU$3.18 million salary cap.
The top six earners on an 18-player BBL roster must still collectively receive at least AU$1.7 million, but clubs now have greater flexibility to direct more money towards their leading players.
Adam Zampa is another major name who could benefit after leaving the Melbourne Renegades and entering the market as an off-contract player.
BBL boss Alistair Dobson said the new structure gives clubs greater flexibility to determine the value of domestic and overseas players while maintaining the importance of international talent in the competition.
The changes are also being introduced in the WBBL, where clubs will not have a minimum overseas-player requirement. Three marquee players must earn more than AU$53,000 each, while the top five earners must collectively receive more than AU$439,000 from the AU$772,000 salary cap.
The new system is expected to create significant short-term movement in the player market, particularly for out-of-contract stars. The rules will be adjusted again in the second year, when the BBL marquee-player requirement will fall to two per club and the top four earners will need to exceed AU$1.4 million collectively.
Cricket Australia has also introduced a salary-cap concession for clubs that lose highly paid contracted players through trades or mutual releases. The concession will be worth roughly AU$52,000, although the player's new contract must be worth at least AU$360,000.
The overhaul comes after months of negotiations between Cricket Australia, the Australian Cricketers' Association and the BBL clubs, with the aim of creating a more flexible and competitive player market.
With the embargo finally set to end, clubs can now move quickly to secure the biggest names before the BBL season gets underway.
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