''I accept it. It is a forward-looking step. It is a step in the right direction,'' Ganguly said in Kolkata.
The Indian captain said cricketers nowadays played for eight or nine months a year and were always under pressure to perform. ''All teams except India and Pakistan had this contract system. This is a good thing for Indian cricket''.
Ganguly said another good feature of the contract scheme was that as it was based on performance and not seniority, players could be promoted to a higher grade or demoted to a lower one depending on whether they did well.
Asked what prompted him to excuse himself from Sunday's parleys of the gradation committee, Ganguly said he did not want to be seen as partial to anybody.
''I may be the captain. But as a part of the team I'm answerable to the boys. I don't want my boys to think that their captain is partial to somebody,'' he said.
Ganguly also did not think that the BCCI's decision to nominate only 17 players for the scheme reflected a dearth of talent in the country.
''I think some cricketers could not make it as they did not fulfil the criterion of having played three Tests and 10 One-day Internationals during the year. But there is a provision that anybody who performs well can be drafted into the system any time of the year, if he fulfils the above criterion,'' he said.