The government of T&T and the Caribbean Premier League (CPL) are currently working through the protocols to have the tournament staged entirely here.
This according to CPL's Chief operating officer (COO) Pete Russell. Speaking to Guardian Media Sports yesterday, he said: "I am hopeful that we can stage the tournament in Trinidad."
Asked if the government has approved the proposal before them, he remarked: "Not yet, still working through the protocols but everyone is working very hard to get things done.
"It will be massive for Trinidad and the Caribbean as a whole because it shows that by managing COVID-19 so well, opportunities like CPL can be considered."
It is understood that once the government approves the proposal, players and officials will have to arrive by August 1 for the quarantine period to be met for the tournament to get off on August 18. The timeline set for the tournament is from August 18 to September 10.
It was reported on ESPNcricinfo that the tournament will see two semifinals and a final at the business end and not the normal four matches. They also reported that there will be a 30 per cent cut in players' wages for those who will receive over US$20,000.
However, all this could likely happened without spectators.
"At this point, no spectators but that can easily change," Russell said.
Due to the new required stipulations, the CPL is not expected to see a dip in revenue but they are trying their utmost best to ensure that T&T still benefits greatly.
"It will be difficult to put a figure at the moment that the country will benefit from in terms of an economic boost due to the fact that there won't be an influx of fans potentially. But we are trying to make it as great as possible. We will have a CPL bubble spending plenty on hotels etc. And of course, the TV coverage will be the highest it has ever been, as we will be the first league back."
It is proposed that one week there will be matches at the Brian Lara Cricket Academy in Tarouba, San Fernando on Tuesdays, Wednesdays, Thursdays, Saturdays, and Sundays. Then, the action will swing for one week to the Queen's Park Oval in St Clair, Port-of-Spain, where the same will occur.
In response to this, Russell said: "That is the plan but not 100 per cent confirmed as we need all stakeholders to play ball."