This was decided during a meeting in Lahore between PCB Chairman Najam Sethi and the six franchise owners.
'This is the league that will bring cricket back home, ' said Sethi, adding that the lineup of players this time around is better than ever before.
Emerging Players Round 1: Lahore Qalandars - Shaheen Shah Afridi, Islamabad United - Sahibzada Farhan, Karachi Kings - Mohammad Irfan Jr, Quetta Gladiators - Saud Shakeel, Peshawan Zalmi - Sameen Gul, Multan Sultans - Abdullah Shafique. A total of 501 cricketers - 308 overseas and 193 domestic - were included in the draft on Sunday, but the tall West Indies batsman found no takers.
The meeting as attended by Mr. Asher Schon, Managing Director Multan Sultans, Nadeem Omar, Owner Quetta Gladiators, Javed Afridi, Owner Peshawar Zalmi, Atif Rana, CEO Lahore Qalandars, Salman Iqbal, Owner Karachi Kings, and Ali Naqvi, Co-owner Islamabad United.
Emerging Players Round 2: Lahore Qalandars retain Ghulam Mudassar, Islamabad United retain Hussain Talat, Karachi Kings - Hasan Mohsin, Quetta Gladiators - Hassan Khan, Peshawar Zalmi - Ibtisam Sheikh, Multan Sultans - Saif Badar.
Karachi Kings have picked batsman Colin Ingram, also from South Africa.
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Karachi Kings chose left-arm pacer MitchJohnson from the Diamond category while Quetta Gladiators went with West Indian player Carlos Brathwaite.
Peshawar Zalmi have picked all-rounder Hammad Azam.
The PSL teams have already retained nine players each and have gone into the draft 2017 to pick one Platinum, one Diamond, one Gold, two Silver and two Emerging players each to complete their squads of 16 players.
Teams will have the option to pick up to four players each in the Supplementary category. Similarly, players selected in the silver category can earn from $22,000 to $33,000.
Many questioned why players such as Fawad Alam, Awais Zia weren't picked by any franchise. A player can earn in the range of $140,000 to $230,000 for one full season.
Chris Lynn was picked by Lahore Qalandars for the upcoming season of the PSL. This will be followed by Islamabad United, Karachi Kings, Quetta Gladiators, Peshawar Zalmi and Multan Sultans.