New champions league to pay players millions

The Sydney Morning Herald sheds light on cricket's proposed "Champions League". It claims that leading Australian cricketers could soon be earning wages comparable to that of the world's top footballers.

- Australia, India, England and South Africa each hold their own domestic competitions. India's domestic competition will feature franchised teams.

- The top two teams from each country qualify for an international tournament, which will feature a $US5 million prize pool.

- The first international tournament is expected to take place late next year.