The industrial war that has paralysed Australian cricket is all but over with the game's warring parties set to strike a new pay deal that would lift the game out of crisis.

Cricket Australia and the Australian Cricketers Association are in the final steps of drawing up an in-principle agreement having reached a compromise on key points of difference. A deal could be finalised as early as Tuesday.

With all the major issues solved, only minor clauses and financial detail need to be finalised. It would take a monumental backflip for the deal to be called off.

Any agreement would have to be signed off by the CA board, the ACA executive and the players, which means it's unlikely any announcement will come before Wednesday.