The uppermost category features five players - skipper Virat Kohli, opening batsmen Rohit Sharma and Shikhar Dhawan, pacemen Bhuvneshwar Kumar and Jasprit Bumrah - who have been put on a retainer worth 70 million Indian rupees ($1.1 million).
For the senior women's team, a new category, Grade C has been introduced as previously there were only two categories.
Coming to the domestic structure, the BCCI has announced 200 percent hikes. Men: A+ category (Rs 7 crore annually) Virat Kohli, Rohit Sharma, Shikhar Dhawan, Bhuvneshwar Kumar, Jasprit Bumrah.
Delhi left-handed opening batsman Dhawan has seen a meteoric rise as he was in the C category past year. These seven players would be eligible for a contract of Rs.5 crore.
One of the premier pace bowlers of the Indian side, Mohammed Shami, has apparently found no contract to his name in the recently announced list of the BCCI.
BCCI announces new annual contract system; Virat Kohli moves up to Grade A+
The removal of Shami may be a coincidence with the ongoing controversy involving his wife, who accused the Bengal pacer, who was in the B category in the last term, of domestic violence and extra-marital affairs. This is only the second time that the board has announced a central contract system for women cricketers, and first after the 2015-16 season. Women cricketers in Grade A will get Rs.50 lakh while those in Grade B will be given Rs.30 lakh. MS Dhoni is now in the A category, which is the second category for players.
"The CoA recognises that the actual income of the BCCI fluctuates on an annual basis depending on the number of home matches Team India (Senior Men) plays", a BCCI release said.
Kedar Jadhav, Manish Pandey, Axar Patel, Karun Nair, Suresh Raina, Parthiv Patel and Jayant Yadav have been kept in Grade C. Earlier, there was no Grade A+ in the list while Grade A players used to get Rs 2 Cr and Grade B and C cricketers received Rs 1 Cr and Rs 50 Lakh respectively.