Steve Smith Makes PSL History! Sialkot Stallionz Confirm Record-Breaking 14 Crore Deal – More Than Double Babar Azam’s Salary?

Breaking News: In a move that has sent shockwaves through the global T20 circuit, the Sialkot Stallionz have officially confirmed the direct signing of Australian legend Steve Smith for the upcoming PSL 2026 season.

While the cricketing world has been distracted by the India-Pakistan World Cup standoff—which has now drawn public support from legends like Nasser Hussain and Michael Atherton—the PSL has pulled off its biggest coup yet. After being overlooked for Australia's T20 World Cup squad and going unsold in the IPL, Smith is set to make his debut as the most expensive player in the league's history.

The 14 Crore Bombshell

Reports indicate that the Stallionz have secured Smith’s services for a staggering PKR 14 Crore deal (over $500,000 USD). To put this in perspective, this record-breaking contract nearly doubles the salary of Pakistan's own superstar, Babar Azam, who currently earns approximately 7 Crore PKR.

A New Era for Sialkot Stallionz

The Stallionz are entering the PSL as a new expansion franchise and clearly intend to make a statement. By locking in Smith—who recently dominated the Big Bash League (BBL) with 299 runs at a strike rate of 167.97—they have secured a world-class anchor. To support him, the franchise has also appointed former Australian captain Tim Paine as the head coach.

Australia’s Injury Woes

The news of Smith's signing comes just as Australia suffered a massive blow, with premier pacer Josh Hazlewood ruled out of the T20 World Cup due to a hamstring injury. With Hazlewood out and Smith finding a new home in Pakistan, the balance of power in international cricket is shifting rapidly.