Steve Smith, David Warner and Mitchell Starc are among those with the heftiest price tags in Sunday’s draft for the inaugural season of England’s new 'The Hundred' competition next year.

The eight new English franchises have already filled three positions in their squad - one centrally contracted England Test player and two local 'icons' apiece - and will choose another 12 each during Sunday's televised draft.

Of those, a maximum of three can be overseas players, meaning just 24 of the 239 foreign stars who have thrown their names into the draft are due to be picked up.

Only six players carry the top tier reserve of £125,000 (approx. $237,000 AUD), with the Australian trio Smith, Warner and Starc joined by big-hitting West Indian Chris Gayle, Sri Lanka veteran Lasith Malinga and South African quick Kagiso Rabada in that category.

Another 17 have entered at a minimum of £100,000 – including Aussies Aaron Finch, Chris Lynn, Glenn Maxwell and Shane Watson - with further brackets between £75,000 and £40,000.

A large field are carrying no reserve price at all, while no Indian players will be involved in the draft.

There are a total of 53 Australian players available.

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The Aussies are scheduled to play Tests in Bangladesh next June before some limited-overs matches in England in early July, which means the majority of players should be available for the tournament later in the northern summer, if given clearance to play.

There are 331 local players hoping to land a deal, only 19 of whom have opted to set a base price.

England’s World Cup winning seamers Mark Wood and Liam Plunkett are available at £60,000 and £50,000 respectively, with Liam Livingstone, Samit Patel and Joe Denly joining Wood in the higher bracket.

Ian Bell, Olly Stone, Sam Billings and Morne Morkel are among the other notables to name their fee, but the overwhelming majority of entrants are willing to take their chances on the night.

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The eight head coaches – including Australians Shane Warne, Simon Katich, Darren Lehmann, Tom Moody and Andrew McDonald - will have just 100 seconds to make each selection, recruiting two names per round until the rosters are complete.

The order of the day's first picks has already been set, with Nottingham-based Trent Rockets getting first choice and Birmingham Phoenix up last.

The 100-ball competition, the first time the new format will be tried, will be run by the ECB in England and Wales in 2020.

Australians in The Hundred draft

£125,000: Steve Smith, Mitchell Starc, David Warner

£100,000: Aaron Finch, Chris Lynn, Glenn Maxwell, Shane Watson

£75,000: Mitchell Marsh, Marcus Stoinis

£60,000: Jason Behrendorff, Dan Christian, Shaun Marsh, Matthew Wade

£50,000: Nathan Coulter-Nile, Travis Head, Moises Henriques, Usman Khawaja, James Pattinson, D’Arcy Short, Peter Siddle, Andrew Tye

£40,000: Fawad Ahmed, George Bailey, Alex Carey, Ben Cutting, James Faulkner, Michael Klinger, Nathan Lyon, Michael Neser, Matthew Renshaw, Kane Richardson, Jack Wildermuth, Adam Zampa

No reserve: Sean Abbott, Cameron Bancroft Hilton Cartwright, Tom Cooper, Ben Dunk, Ben Dwarshuis, Chris Green, Daniel Hughes, Marnus Labuschagne, Josh Lalor, Ben Laughlin, Nic Maddinson, Ben McDermott, Billy Stanlake, Aaron Summers, Mitchell Swepson, Ashton Turner, Jake Weatherald, Jonathan Wells, Daniel Worrall

£125,000 = approx. $237,000 AUD

£100,000 = approx. $189,000 AUD

£75,000 = approx. $142,000 AUD

£60,000 = approx. $113,000 AUD

£40,000 = approx. $75,000 AUD