Kolkata, Sept 27: The Indian cricket board today formally approved the implementation of the contract system and graded payment for international cricketers and enhancement of fees for domestic first class and junior players.
"The graded payment and contract system was today approved in principle by the board. An agreement with the players has been reached on major terms and conditions, but some fine-tuning is required," board President Jagmohan Dalmiya said here.
Dalmiya, emerging from the board meeting on the first day of the BCCI AGM, said the general body authorised him and the other office bearers to work out the amount to be paid to players and other details.
While the details of the graded payment system for international cricketers were yet to be finalised, the board has decided payment of 13 per cent of its total earning to domestic first class cricketers and junior players, he said.
"Out of this, 10.6 per cent will go to first class cricketers and 2.4 per cent will be paid to juniors," he said.
For junior cricketers, part of the amount would be paid in the form of token pocket money and the rest would be deposited as fixed deposit in banks, which the players would be entitled on completion of 21 years of age, he said.

Bureau Report