Team Rugby and Team Cricket will compete to become the inaugural winners of the newly named Lomu-Crowe Trophy at this month's T20 'Black Clash'.
Promoters Duco commissioned New Zealand artist Shane Dudley to create the trophy, which commemorates two late legends of their respective sports - cricketer Martin Crowe and rugby's Jonah Lomu.
Chief executive David Higgins said it was conceived with the blessing of both families and was a great way to recognise their contributions to New Zealand sport.
"It's truly fitting that the names of these two national heroes have pride of place on what is a wonderful, iconic piece of Kiwi art," Higgins said.
"I've always believed that Martin and Jonah have not been fully recognised for the contribution they made to the country through their tremendous deeds on and off the sports field.
"To be able to honour them even in a small way by naming the T20 Black Clash trophy the Lomu-Crowe Trophy just feels right."
The trophy is based on an adze - a prized Maori possession and tool that symbolises strength and mana.
Australian cricketer David Hussey has also been announced as the international wildcard for the event.
The 41-year-old batsman will join Team Rugby for the fixture, to be held at Christchurch's Hagley Oval on January 25.
Brother of Australia great Mike Hussey, he played 69 one-day internationals and 39 T20s for Australia. He played his final international match in 2013, and finished with an ODI average of 32.65 and a top score of 111.
"It's obviously a unique opportunity to play with a bunch of international rugby superstars, who just happen to be very good cricketers," said Hussey.
“Obviously, we'll have our work cut out for us, going up against a team of Blackcaps legends, but T20 is a game where anything can happen and we'll be backing ourselves to pull off an upset."