England one-day international batsman James Taylor has completed his move to Trent Bridge after Nottinghamshire reached agreement with Leicestershire over a compensation payment.
Leicestershire rejected Nottinghamshire’s initial offer last month and it appeared that Taylor might have to resort to mediation to secure his release from the final year of his contract at Grace Road.
But the Midlands rivals have now reached an agreement to allow Taylor to join Nottinghamshire on a three-year contract and for Leicestershire to pocket some money which they can use to help recruit a replacement.
Leicestershire rejected an audacious approach from Warwickshire in the middle of last season which is understood to have included buying Taylor out of the final year of his contract.
That offer would have given Leicestershire close to £100,000 but it is believed that they will get less than half that sum from Nottinghamshire.
Taylor, 21, becomes the third Leicestershire player to join Nottinghamshire in barely four years following Stuart Broad and left-arm seamer Harry Gurney, who signed a three-year contract at the end of last season.
Taylor, a prolific run-scorer for England Lions in recent seasons, made his senior debut for England against Ireland in Dublin in August but dropped down the pecking order behind Jos Buttler, Ben Stokes and Alex Hales for the subsequent one-day series against India and Twenty20 matches against West Indies.