Sport news update, what you need to know

RUGBY LEAGUE - Former NRL salary cap auditor Ian Schubert has called for a dramatic overhaul of the current system, advocating for a "fantasy league" style points system to be brought in.

RUGBY UNION - Michael Cheika admits he felt like crying after the Wallabies' first Test defeat to England, but says taking the hard road will help build "substance" within the team.

TENNIS - Nick Kyrgios remains confident of bouncing back to his best at Wimbledon despite suffering a setback with a first-round defeat to world No.9 Milos Raonic at the Queen's Club.

BASKETBALL - Andrew Bogut has been ruled out of the NBA Finals and is in danger of not being able to play for Australia at the Rio Olympics due to a knee injury.

SOCCER - Late goals from Antoine Griezmann and Dimitri Payet have helped France become the first team to advance to the knockout stages of the European Championship with a 2-0 win over Albania.