The men’s player draft for The Hundred, the England and Wales Cricket Board’s new competition which begins in 2020, will take place on 20 October.
Cricket will become the first major British sport to hold such a draft.
Eight new city-based sides, with men’s and women’s teams, will be formed with squads chosen from England stars, as well as overseas and domestic players.
The competition will take place over a five-week period from July 2020, with some matches televised live on the BBC.
The new format was trialled in September 2018 and will feature 100 balls per innings, with a change of ends after 10 balls, and matches completed in less than two-and-a-half hours.
ECB chief executive Tom Harrison said: “The Hundred is an exciting new competition that we hope will grow our wonderful sport even further. I’m sure there will be huge anticipation ahead of the first men’s players draft in October.”
Further details relating to the women’s competition will be announced in due course.
Squads are selected for the Indian Premier League, the world’s most lucrative limited-overs competition, via a player auction.
The ECB is consulting with the Professional Cricketers’ Association (PCA) and counties on draft mechanics and specifics, but fans can now register their interest in The Hundred, with tickets to go on sale in October.