Shane Warne is not only a good cricketer, but arguably one of the best bowlers ever. The legendary leg-spinner announced that he would not be playing with the Melbourne Stars in the Big Bash League.

A description on his website said, "Shane's world class talents have been recognised through a number of distinguished awards, including being named one of only five Wisden's Cricketers of the 20th Century, in Australia's Cricket Team of the 20th Century, and BBC Sports Personality of the Year in 2005."

Melbourne Stars CEO Clint Cooper said Warne had been instrumental in the start-up of the BBL and the Melbourne Stars.

"With increasing business and family commitments across the world we fully understand Shane's decision to not play on this season," Cooper said.

"Shane will still have an ongoing involvement with the team. Exactly what that capacity is will be refined over coming months."

"I think the time is right for me to hang up my Big Bash boots - juggling business, family and commentary commitments across two continents is not easy," said Warne in an online report by Fox Sports. He added, "I've always loved the game but now it's time to observe. I wish Cameron [White] and rest of the lads all the best."

Greg Shipperd, Melbourne Stars coach commented that his club and the league owe Warne a lot for their accomplishments during the initial two seasons.

"It was always a privilege to share a dressing room with Shane," Shipperd joked. "His unique and exceptional skills will remain a symbol of excellence for generations to come."

Averaging 25.73, Warne took 293 wickets in about 194 one-day international matches.

On Friday, Warne was inducted into the Cricket Association's Hall of Fame at Lord's. He played a big role in developing the image of the Australian Twenty20 league and was one of the highlights of the game.

However, Warne admitted that his time was up at 43: "I think the time is right for me to hang up my Big Bash boots - juggling business, family and commentary commitments across two continents is not easy," said Warne. "I've always loved the game but now it's time to observe. I wish Cameron [White] and rest of the lads all the best."