IPL Unsold Player Becomes PSL's Most Expensive: Steve Smith Joins Sialkot Stallions

• Australian veteran batsman Steve Smith, unsold in IPL, becomes the most expensive player in Pakistan Super League (PSL).
• Smith was bought by new franchise Sialkot Stallions for approximately 500,000 US dollars (14 crore Pakistani rupees).
• PSL expanded from six to eight teams, introducing a player auction system for the first time.
• Fast bowler Naseem Shah became the most expensive Pakistani player, bought by Islamabad United for 8.65 crore Pakistani rupees.
• The PSL is scheduled from March 26 to May 3, coinciding with the Indian Premier League.