The Indian cricketers' contracts are to be finalised after the team returns from South Africa early January.
The Board of Control for Cricket in India (BCCI) treasurer, N Srinivasan announced on Saturday at the end of the Working Committee meeting that a new committee would finalise the players' contracts. The committee comprises Srinivasan, Inderjit Singh Bindra, and Vice-president Shashank Manohar and will be assisted by secretary Niranjan Shah and chief administrative officer Prof Ratnakar Shetty.
"The committee is certainly considering the option of performance-based contracts," Srinivasan said. "The Board is trying to strike the right balance between performance and motivation for the players. The contracts would definitely be finalised before the beginning of the World Cup (in March)."
However, Hindustan Times learnt that it won't take so long for the contracts to be finalised. Indian skipper Rahul Dravid along with some senior members is likely to meet the newly-formed committee on January 8, immediately after the team's return from South Africa, to discuss the final parameters of the contract.
Srinivasan clarified that the gradation system will remain intact in the new contracts. "Though the new committee will decide the final parameters, I can definitely say that the gradation system will not change."
Meanwhile, Srinivasan ruled out India's participation in the 2010 Commonwealth Games. "The working committee discussed the invitation to take part in the 2010 Commonwealth Games in India and felt that the Future Tours Programme (of the International Cricket Council) is too crowded and would not lend itself to participate in the Games."
Following the applications of shooter Abhinav Bindra and tennis player Karan Rastogi seeking financial aid from BCCI's corpus for Olympic sportspersons, the working committee formed a sub-committee to discuss the applications. "The committee, comprising Brijesh Patel, joint secretary MP Pandove and Maj SS Ahluwalia, will decide the criteria for assisting Olympic sportspersons," Srinivasan said.