''You've got to get some balance there. You've got to realise you're playing for your country and earning good money,'' said the most capped Test player in the history of the game.
''However, the authorities have got to realise that if they keep such a heavy schedule, in the end the quality of the cricket will suffer, particularly among the quick bowlers,'' he added.
He lamented that the bowling fraternity has suffered most due to the excess of cricket.
''The bowling stock has dropped off the past couple of years because the guys are tired. They're the ones who are going to be adversely affected, especially through physical fatigue. When the quality of the bowling drops off, you'll see these big scores and you get games that are not that great to watch. So they've got to be careful that they don't overdo it,'' the Aussie great told the Guardian in an interview.
For remedy, he suggested rotation policy, atleast in the shorter version of the game.
''One-day cricket being the more commercial aspect of the game, so I think you can rotate,'' he said.
However, after wearing the Baggy Green for almost 19 years and 168 Tests, the Aussie has not had enough himself and said he craved to be a part of the epic Ashes series where Australia lost to England last year.
''Last year during the Ashes when it got really tight and exciting, I would think, 'Yeah, I wouldn't mind being out there, still, in the heat of the battle.''' Waugh had an enviable record against the Poms. He played 46 Tests against England, hitting 10 centuries and averaging 58.18. In England, he averaged 74.22.