The committee, consisting of board's treasurer Jyoti Bajpai, joint secretary Gautam Dasgupta and executive secretary-in-charge Ratnakar Shetty, would compile a reportand send it to the board's secretary S K Nair, board sources said today.
"No time frame has been fixed for the matter. The committee has to compile a report on how the contracts have worked and whether there was any need to change any existingclauses and send it to the board secretary," the sources said.
"If there's a camp before the Sri Lanka series it would help the committee members to have a discussion with the senior players before preparing the report," they added.
Last season, 17 players were given contracts by the board after dividing the lot into three groups, with their annual retainership pegged at Rs 50, Rs 35 and Rs 20 lakh per playerrespectively depending upon which grade they belonged to.
The committee's report would be discussed by another committee comprising the board chief, secretary (also its convener), team coach and selection committee chairman, beforethe contracts are finalised, the sources added.
The new international season after the expiry of the previous season's contracts commences with the home series against Sri Lanka on October 25.