Alex Hales has signed a new three-year contract with Nottinghamshire that will allow him to compete in the lucrative Indian Premier League.
Hales is ranked by the ICC as the world's number one Twenty20 batsman but was denied the opportunity to play in the 2013 IPL by Notts.
To be granted leave by his county, Hales has to secure a contract of at least $400,000 (£250,000) with an IPL franchise.
"I'm pleased to have come to an agreement with Notts because I want to spend my entire career here and I hope that will happen now that I've been given the opportunity to enter the auction," Hales told reporters.
Australia's Glenn Maxwell was captured by the Mumbai Indians for $1m (£627,000) in the highest bid of the 2013 auction.