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Yeah, i agree BCCI do consider their players as premium assets (more like cash cow). For business point of view i don't see anything wrong in it, actually quite amazing to see them tackling everything (even their fuckups) as far as i understand that's the only reason IPL gets the big fat checks. There is a reason IPL is worth more than All ICC tournaments + Major T-20 leagues put together. IPL is BCCI's brand so why would they risk their brand value by releasing their players.
For cricketing point of view yes it's very frustrating because local players (especially uncapped and retired) don't get to play in other leagues and gain valuable experience but BCCI is in this business for profits like every cricket board.
If we are talking about profits I am inclined to agree that India is doing very well in that matter with cricket. Obviously, India is one of the world's leading cricketing nations and they have been one of the elite since Kapil Dev won the world cup for India. I don't think India ever had to look back from that point. If I'm not mistaken, money was not the strongest point of the Indian team at that time.
But now we all know that things have changed and India has become a superpower in cricket. All thanks to the money that they generate. As a cricket fan, I am not able to 100% support what they are doing. However, at the same time, I have to admit that everything they are doing right now is making them a lot of money. This is also not negatively impacting the team.
Duke