Lalit Modi believes Kevin Pietersen and Andrew Flintoff could earn as much as US$2 million in the cash-rich IPL.

But the IPL commissioner has repeated his warning that county sides risk being overlooked for the proposed Champions League.

Modi, one of the driving forces in the recent big-money expansion of the short form of the game, also welcomed the growing interest in a rival English Premier League and insists there is enough of a market for both events in the world game.

But it is his admission that the likes of Andrew Flintoff and Kevin Pietersen could earn a seven-figure contract with one of the eight IPL franchises which will win the ear of the England and Wales Cricket Board.

The ECB are known to treat seriously the possibility of their top international stars compromising their Test or domestic careers for the staggering sums on offer on the sub-continent - and such comments will not ease those concerns.

Hampshire skipper Dimitri Mascarenhas was the only English representative in the inaugural edition of the IPL but when asked about the possibility of a million-pound deals for more box-office names, Modi said: "Hypothetically yes, that is a possibility.

"We have salaries at the moment of around £750,000 (US$1.5 million) and £800,000 (US$1.6 million). It depends if a franchise thinks Kevin Pietersen or Andrew Flintoff is worth it," he told Radio Five Live's Sportsweek programme.

"From what I hear from the franchises, and from us as organisers, we would like representatives from all countries, but there may be timetabling issues.

"But we in no way depend on the English players, our league is up and running and we have sponsorship and funding for 10 years."

But after the success of Middlesex in yesterday's Twenty20 Cup final, there were familiar warnings about the forthcoming Champions League.

Modi and his IPL colleagues have previously insisted that no sides using players with Indian Cricket League links would be welcome at the four-nation event and that position does not appear to have softened.

That could become a problem with beaten finalists Kent joining Middlesex as England's provisional qualifiers.

The 2007 champions have consistently used ICL-connected players such as Azhar Mahmood and Justin Kemp.

Modi reflected: "We hope the ECB will be part of it (the Champions League) but if they are unreasonable or unable to adhere to the rules and regulations of the tournament then it will be unfortunate but they will not be able to participate."

Modi also welcomed the International Cricket Council's decision to re-assert Pakistan's right to host the forthcoming Champions Trophy after concerns over security were raised.

England, South Africa, Australia and New Zealand favoured relocating the competition due to worries over player safety in the region.

There are even suggestions that those four nations could either pull out or send weakened squads with top players pulling out of the decision stands.

But Modi believes the ICC were correct.

"Terrorism is not restricted to Pakistan. It is a global phenomenon," he added.

"But it doesn't mean the sporting community should cow down to that and cancel all tournaments.

"So far, I am told the matches will go forward and we have all signed contracts that we will put our best teams forward.

"If we don't do that the name of the Champions Trophy will be compromised."