The BBL, which runs from December to early-February 2023, will clash with South Africa’s new six-team T20 tournament starting in January.
Indian Premier League (IPL) team owners bought all six franchises in the South African league but the BBL’s eight teams are owned by governing body Cricket Australia and run by state associations.
A new league in the United Arab Emirates (UAE), also backed by IPL money, is scheduled to launch in January, setting the stage for intense battles for the world’s top players.
Khawaja said the BBL faced a “fork in the road” over the next year or two as competition heats up.
“There’s a lot of cogs that make the decisions but personally you shouldn’t be afraid of moving the game forward even if that means that you let go a little bit on the reins,” Khawaja told reporters on Friday.
“There are other tournaments starting up that are privatised.
“If you don’t keep up with that, and there’s a small window for the Big Bash to privatise in the next few years, and I’m afraid if we don’t do that we’ll fall behind.”
A number of top players have been nominated for the BBL’s inaugural draft, including star Afghan spinner Rashid Khan and West Indian T20 stalwarts Kieron Pollard and Dwayne Bravo.
But Khawaja said others were steering clear.
“I’ve talked to a couple and they’ve not listed for the draft because they want to spend Christmas at home and then will go and play in the UAE,” he said.
“That’s a red flag for me already.”
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