Kevin Pietersen could make "up to £3m" playing in the Indian Premier League following the end of his England career.
The batsman, 33, was told by the England and Wales Cricket board on Monday that he is no longer part of the national team's plans.
His IPL participation was previously limited by his England commitments.
Lalit Modi, founder of the IPL, said: "It is England's loss and the IPL's gain. He could go upwards of £2.5-3m."
Pietersen has played for Royal Challengers Bangalore, Deccan Chargers and Delhi Daredevils in past seasons of the IPL, which has been running since 2008.
However, he will go into the auction on 12-13 February as a free agent after Delhi opted not to retain any of their squad.
Modi expects there to be plenty of interest from franchises in securing Pietersen's services for the entire seven-and-a-half weeks.
He told BBC Radio 5 live: "I think, as far as the franchises are concerned, this is like a God-sent gift.
"Kevin Pietersen is one of the world's best players, without any doubt, as far as Twenty20 is concerned, and other forms of the game.
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