As you mentioned cricket is one of the famous and favorite play of all. BCCI has decided to pay online. There are no more cheques issued like earlier. Supreme Court had appointed Committee of Administrators to do all financial transactions online and do all direct payment to all the cricketers at all level's. Earlier it was sent to the board and then board use to issue a check to all the player's. By this procedure there was lot of discrepancies at the domestic level. So now COA [Committee of Administrators] has decided to directly transfer the amount to the players account.
Grade A players will be paid Rs 2 crores per annum, Grade B will be paid Rs 1 Crore per annum and Grade C will be paid Rs 50 lakhs per annum.
Grade A players are : Virat Kohli, M.S. Dhoni, R Ashwin, Ajinkya Rahane, Cheteshwar Pujara, Ravindra Jadeja, Murali Vijay.
Grade B Players are: Rohit Sharma, K.L. Rahul, Bhuvneshwar Kumar, Mohammed Shami, Ishant Sharma, Umesh Yadav, Wriddhiman Saha, Jasprit Bumrah, Yuvraj Singh.
Grade C Players are: Shikhar Dhawan, Ambati Rayudu, Amit Mishra, Manish Pandey, Axar Patel, Karun Nair, Hardik Pandya, Ashish Nehra, Kedar Jadhav, Yuzvendra Chahal, Parthiv Patel, Jayant Yadav, Mandeep Singh, Dhawal Kulkarni, Shardul Thakur, Rishabh Pant.
The match fee for test matches has been raised to Rs15 lakh per match from Rs 7.50 lakh earlier, while ODI and T20 Internationals match pay Rs 6 lakh and 3 lakh. This effect is from October 2016.
The Grade distribution is done by national selection committee as per their seniority and score's achieved by the players .