The sticking point remains the argument over a revenue share scheme which has underpinned contracts for 20 years.
The inaugural edition will see top nine Test teams -- Australia, Bangladesh, England, India, New Zealand, Pakistan, South Africa, Sri Lanka and the West Indies -- fight for the top honours in 72 Test matches across 27 series over the next two years
Australia's cricket board will launch an 'immediate' review into player safety in the wake of Phillip Hughes' death, as the global cricket community mourned on Friday.
In the space of two days, top batsman Smith has gone from Australia's cricketing golden boy to national pariah and it looks likely that he has played his last Test as captain.
Captain Michael Clarke gave a graphic illustration of the raw emotions of the Australia team when he broke down repeatedly while paying tribute to former team mate Phillip Hughes on Saturday.
'It shows his confidence in his own ability,' Geoff Boycott tells Haresh Pandya.
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