The Hundred: Joe Root, Adil Rashid among players in UK's first ever player auction at Piccadilly Lights

The Hundred's player auction is set to take place at Piccadilly Lights on Wednesday 11 and Thursday March 12.

The UK's first-ever player auction will feature 16 Hundred franchises picking up to 14 players for their men's and women's teams, with over 200 eligible players for teams to bid on.

The women's auction will open proceedings on March 11, with Beth Mooney, Nadine de Klerk and Amy Jones among others available, while Joe Root, Adil Rashid, and Jason Holder headline the men's auction, taking place a day later.

Each men's team has a salary cap of £2.05m in total - compared with £880,000 for the women's squad - minus the amount spent on direct signings already.

Players are divided into three tiers - Hero, Ranked and Nominated - based on the amount of aggregated pre-registered interest from each team. The Hero players will be bid on in the first phase of the auction, followed by the ranked and nominated players in the next two phases.

With 1000 players from 18 nations up for grabs, each team will submit a list of 75-100 players they're most interested in signing, forming the Auction Longlists of approximately 200.

Every match from the men's and women's competitions will be live on Sky Sports, including the eliminators on Friday August 14 and finals on Sunday August 16, with every day seeing a women's game precede a men's fixture at the same venue.

"I am super excited for another year of The Hundred," Joe Root said. "I think the auction adds another element to the competition and it'll be very exciting on March 11 and March 12 to see who all the teams want and where everyone ends up."

"From the players already pre-signed there's a lot of world class names in The Hundred for this season, with plenty more to come during the auction, Beth Mooney added.

"It's always exciting to see what happens, who goes where and how teams build their lists so hopefully I'll get another chance to be part of what is a brilliant tournament again this summer."

Jacob Bethell (Birmingham Phoenix), Jos Buttler (Manchester Super Giants) and Nat Sciver-Brunt (Trent Rockets) were among the big names retained, while Mitchell Marsh (Sunrisers Leeds), Alice Capsey (Birmingham Phoenix) and Smriti Mandhana (Manchester Super Giants) are three of the new signings.