Champions League, Hyderabad: New South Wales 159-9 (20 overs) beat Trinidad & Tobago 118 (15.5 overs) by 41 runs
Match scorecard from official website
Lee also won the Champions Trophy with Australia
Brett Lee put in a barnstorming display with bat and ball as New South Wales beat Trinidad & Tobago by 41 runs in the inaugural Champions League final.
New South Wales were tottering at 83-6 before Lee (48) and Steven Smith (33) put on 49 for the seventh wicket and led the Australian side to 159-9.
Kieron Pollard hit a muscular 26 in Trinidad & Tobago's reply.
But Lee took 2-10 and Stuart Clark 3-21 as the Caribbean outfit were dismissed for 118 in 15.5 overs.
New South Wales captain Simon Katich said the experience the tournament provided for young cricketers was invaluable.
"A lot of our young guys have had the chance to play on a world stage and show what they are capable of," said Katich, whose side pocketed a winner's cheque of $2.5m (£1.53m).
Back home in the Caribbean, this is going to provide a lot of inspiration for a lot of young men
Trinidad captain Daren Ganga
"All the teams who came here have had the opportunity to basically play at an international level.
"It's invaluable for our young guys, some of them are under 20 and are playing in front of 30,000 people. This will hold them in good stead when they play international cricket down the track."
Trinidad captain Daren Ganga admitted his previously unbeaten team had succumbed to pressure.
"It was a good run for us, but we didn't really come through in this final," he said. "It was the only day we sort of buckled under pressure.
"We had them on the ropes, but it was important for us to keep taking wickets. Brett Lee came in and made a difference. He applied himself and took his chances and was able to get his team to a good total.
"Back home in the Caribbean, this is going to provide a lot of inspiration for a lot of young men. Hopefully they can use this to build on their careers."
The Australians lost Phil Hughes early, bowled by Rampaul for three, before opening partner David Warner was caught brilliantly by Dave Mohammed at backward point off the bowling of Dwayne Bravo.
Bravo dismissed Katich in the next over before New South Wales' middle order disintegrated.
But Steven Smith eased the pressure with consecutive big hits off Kieron Pollard, before Lee launched his attack, hitting one four and five sixes as he hauled his side past the 150-run mark.
Lee then dislodged opener William Perkins for a second-ball duck before taking a stunning return catch to get rid of Lendl Simmons.
Leg-spinner Steven Smith, who shared the new ball, claimed Adrian Barath in his first over and then Ganga to end a fifth-wicket stand with Denesh Ramdin, just when the pair were beginning to look dangerous.
Trinidad's remaining hopes rested with Pollard, who had destroyed NSW in a group match, and he hit three sixes in a 15-ball 26 before holing out to Lee at long-off.
Trinidad needed 47 from the last five overs, but New South Wales struck blows in quick succession to finish the contest early.