Glenn Maxwell will link up with coach Shane Warne at the London Spirit after the allrounder became one of 10 Australian cricketers picked in the inaugural Hundred draft.
Aaron Finch, Mitchell Starc, Steve Smith, David Warner and D'Arcy Short along with Maxwell are the Aussies who fetched top dollar Stg125,000 ($A235,000) for the first season of the new five-week 100-ball cricket tournament to be played in England and Wales from next July.
Chris Lynn, Nathan Coulter-Nile, Dan Christian and Adam Zampa were all taken in subsequent rounds.
The Trent Rockets made Afghan spinner Rashid Khan the first overall pick, while West Indies allrounder Andre Russell went next to the Southern Brave, as the first-round picks came thick and fast.
Finch went third to the Leeds-based Northern Superchargers, coached by Australian Darren Lehmann, followed by his international teammate Starc to the Welsh Fire, who also later picked up Smith.
"It's going to be exciting, the first ever 100-ball comp and I'm looking forward to joining Jonny Bairstow and Mitchell Starc," Smith said via video link from Sydney.
Spinners Sunil Narine and Imran Tahir were the next two off the board, to Oval Invincibles and Manchester Originals, coached by Australians Tom Moody and Simon Katich respectively.
Then Maxwell was Warne's first selection.
"I'm used to playing a tactical game, but that was something else! Our position in the rounds meant that I had to think on my feet, and at times re-evaluate who I was going to pick and when," Warne said.
"I'm thrilled to have Glenn Maxwell, Mohammad Nabi and Mark Wood join Eoin (Morgan) and Rory (Burns) in the team... so many people watched the sport for the first time this summer and I'm confident The Hundred will get even more people watching next year."
Each of the eight teams had two picks in the first round except for the Phoenix, Spirit and Invincibles, who had allocated the second spots in the Stg125,000 price band to pre-selected "local icon" players while the teams picked in reverse order for the second half of the round.
Zampa will play for the Phoenix, Lynn the Superchargers and Christian the Originals.
West Indies blaster Chris Gayle, Sri Lanka paceman Lasith Malinga and South Africa quick Kagiso Rabada went undrafted among the 96 contracts dished out after failing to meet their allotted price tags.
"I think they priced themselves wrong," Warne said.
"If they'd gone in at Stg100,000 and not Stg125,000 I think they'd have been picked up."
Lehmann added: "It was a tough one, they've been superstars for so long but then the next generation is knocking on the door..."
New Zealand captain Kane Williamson was the highest-profile player taken in round two, heading to Birmingham.
Round three started with two overseas picks as Coulter-Nile joined Short at the Rockets and Pakistan's Shadab Khan went to the Brave in a squad that includes Warner.