New Delhi: Encouraged by the financial model followed by Cricket Australia and England and Wales Cricket Board, the BCCI is planning to introduce a performance-based incentive for the Indian team for each and every home and away series.

Sundar Raman
Sundar Raman

There was an initial blueprint that was drawn at the Board's finance committee meeting that took place in the capital here yesterday.

While BCCI's finance committee has agreed in principle on going the corporate way where profit sharing will be directly proportional to the board's revenue, the members discussed the possible ways of doing it.

According to BCCI sources, it was IPL COO Sundar Raman, who provided a presentation for the finance committee members where it was intimated that Cricket Australia, ECB and BCCI's next door neighbours PCB also follow an incentive-based model in their respective countries.

While Raman yesterday gave an initial presentation, an elaborate blueprint is likely to be chalked out on July 22, when the next meeting of the committee will be held.

Meanwhile, the finance committee yesterday decided that India's women cricketers will be divided into two groups 'A' and 'B' for the gradation payment system that the BCCI is planning to introduce.

The sources said that the ones in Grade 'A' will be getting an annual retainership fee of Rs 10 lakh while those in Grade 'B' will be getting Rs 5 lakh.