Objectives: Paralabral cysts of the shoulder are rare, and it is usually associated with labral tears. Repetitive stress on the labrum due to increased training history in cricketers can cause micro-tear of the labrum. These tears commonly occur during the early cocking phase in cricketers. These longstanding micro-tears usually form paralabral cysts where the tear operates as a one-way valve. It is fairly common in cricketers who had a longer duration of training and playing history. These cysts are commonly seen in posterior-superior labral tears and SLAP tears. Materials and Methods: Data were obtained from a total of 12 cricketers between the period of March 2022 and July 2023. All these athletes mostly came with complaints of chronic shoulder pain, and the diagnosis was confirmed with magnetic resonance imaging. All these patients were treated by arthroscopic cyst decompression with labral repair. A rehabilitation regimen was administered postoperatively to improve the functional ability of the shoulder and help the athlete to return-to-play. QuickDASH score was performed 12 months postoperatively to assess the effectiveness of the surgical outcome. Results: All the patients reported remission of pain and showed improvement in their QuickDASH scores compared to the pre-operative period. A properly supervised rehabilitation regimen helped the athlete to return to sport. Conclusion: Early diagnosis of paralabral cysts helps in preventing neurological compromise and quicker return-to-play in cricketers. Arthroscopic cyst decompression with labral repair, along with a criteria-based rehabilitation program helps in improving the functional outcome of the athlete.