According to media reports here, the three founding member boards -- BCCI, Cricket Australia and Cricket South Africa -- will share the 10-year deal amount with India getting half of it and CA and CSA pocketing 25 per cent each.

"Cricket Australia will earn about 25 per cent of the figure, as will Cricket South Africa, while the game's major power-broker -- the Board of Control for Cricket in India -- takes the remaining half," a report in Sydney Morning Herald said.

The Champions Twenty20 League deal is the second biggest rights agreement this year after the USD 1 billion deal for 10 years for the outstandingly successful Indian Premier League.

But the eight-day global Twenty20 league, which will be held from December 3 to 10, will become the highest value cricket tournament on a per game basis ever scheduled.

Eight teams, winners and runners-up of domestic Twenty20 competitions in India, Australia and South Africa, plus winners of 2008 Twenty20 championships from Pakistan and England have been invited to compete in the inaugural edition.

Next year, 12 teams will compete and the tournament will extend to 16 days. Teams will vie for USD 6 million in prize money, with half awarded to the winner and a minimum USD 250,000 to each participant.