BCCI is all set to introduce a new contract system for Indian players after the big meeting that took place between Committee of Administrators(CoA), Virat Kohli, Ravi Shastri and MS Dhoni in November.
CoA agreed to the pay hike in the meeting and have now introduced a new four grade contract formula(A+, A, B, C) for Indian cricketers.
Players who play all three formats will be included in the top most bracket(A+), and thus MS Dhoni could find himself out of the top pay bracket in Indian cricket, having retired from Test Cricket in 2014.
For players like Ravindra Jadeja and Ravichandran Ashwin, who have been kept out of the limited overs squad because of the recently adopted ‘squad rotation’ policy, the BCCI will form a provision to keep them in the highest salary bracket.
CoA will try and keep subjective evaluation out of this by giving the BCCI finance committee a clear mandate of how to go about the segregation process.
Vinod Rai, the CoA chief has said that this new initiative will go a long way in giving players what they really deserve.
“It was a productive meeting. The team management was very forthcoming with their recommendations and their thoughts on various issues. This was a path-breaking initiative, we feel we’ve found a common ground and aligned our thoughts for the betterment of the game – be it the policies under which the player remuneration and FTP will be worked upon.” said Vinod Rai.
The A-Grade players currently earn 2 crores , which is a hundred percent rise from the previous contract, but still something that the players are not satisfied with.
Players currently receive 7.8% share of BCCI’s total revenues and want that number to rise considerably in the new payout system.