The six SA20 franchises will have the opportunity to add a wild card player to their squads ahead of the inaugural season starting on 10 January.
Teams may sign a South African or an overseas player and will have until 30 December to make their selections.
Players will come in at a minimum base fee of R175,000, with franchises using their discretion to select the calibre of players to bolster their squads, which will increase from 17 to 18. Players who were not registered for the auction are eligible for selection.
“The wild card offers our teams an opportunity to add another world-class player to their squad,” said league commissioner Graeme Smith.
Each squad will be allowed to have a maximum of eight overseas players, and the maximum of four on-field overseas players at any time during the match remains unchanged.
The franchise’s salary cap following the auction will remain outside of the wild card player’s fee.