Pawar, national senior selection committee chairman Kiran More, India coach Greg Chappell and convener and board secretary Niranjan Shah met at the Cricket Club of India to give final touches to the contracts.
Sachin Tendulkar was also present but Shah said the batting maestro was on a personal visit to to meet Pawar.
The Indian team for the upcoming tour of Pakistan is also to be chosen here tomorrow.
What's certain is a quantum jump in the retainers to the players as compared to last year when 17 players were divided into three groups -- A, B and C, with the retanership being Rs 50, Rs 35 and Rs 20 lakh per annum respectively.
The BCCI disburses 13 per cent of its gross revenue to the contracted players for internatonal cricket and a further 13 per cent is earmarked to be distributed to players indomestic cricket.
The board's gross revenue is set to jump multifold with the substantial increase in the sponsorship deals it has signed with various firms and with the income from TV rightsyet to be known.
The number of players to be put under contract and the gradation formula are to be announced by the board only tomorrow, according to Niranjan Shah.
The Board has already said that the contracts would be in place before the team departs for Pakistan on Jan 6, 2006.