The first edition of the Sri Lanka Premier League (SLPL) will be a 7 team inter-provincial tournament played next year(2012). The 7 teams will be Kandurata Kites,Basnahira Bears,Wayamba Wolves,Ruhuna Rhinos,Uva Unicorns, Nagenahira Nagas & Uthura Oryxes.
Team Captains:- KK - Kumar Sangakkara ,
BB- Thilakaratne Dilshan ,
WW- Mahela Jayawardene,
RR- Sanath Jayasuriya,
UU - Chaminda Vaas,
NN- Shahid Afridi
UO- Daniel Vettori
The teams will play each other once, with the top four teams qualifying for the semi-finals. The winner of the tournament will qualify for the Champions League Twenty20.

International players will also be assigned to the various teams by the SLC national selection committee depending on the needs of each team. In this respect, SLC's approach differs from the IPL, in which teams were sold to franchises who then bid for players in an auction.
The league will be run by the Singapore-based Somerset Entertainment, which has bought the rights for five years. The television rights for the tournament have already been sold in Sri Lanka and the goal is to broadcast the tournament across all mediums in every cricketing nation.