The SLPL T20
franchises are derived from the province-based teams used in the
Inter-Provincial Cricket tournaments. The SLPL franchises are
privately-owned. The reserve price of the franchise is $3 million with
ownership up to seven years.
| Team | Province | Owner(s) | Price | Icon Player |
|---|---|---|---|---|
| Basnahira Bears | Western Province | Indian Cricket Dundee Ltd | $4.33 million |  Tillakaratne Dilshan |
| Kandurata Kites | Central Province | Number One Sports Consult |
$4.98 million | Kumar Sangakkara |
| Nagenahira Nagas | Eastern Province | Varun Beverages Lanka |
$3.22 million | Angelo Mathews |
| Ruhuna Rhinos | Southern Province | Pearl Overseas |
$4.6 million | Lasith Malinga |
| Uthura Oryxes | Northern Province | Rudra Sports |
$3.4 million | Muttiah Muralitharan |
| Uva Unicorns | Uva | Success Sports |
$4.6 million |  Chris Gayle |
| Wayamba Wolves | North Western |
Wadhawan Holdings |
$5.02 million | Mahela Jayawardene |
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