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BCCI and to some extent are ECB already compensating different boards with bilateral and Test series is a big part along with limited overs cricket.
Recently discussed 2 group/supposedly relegation process threatens the existing system so it's a tough cookie. BIG-3 needs to find a new way to hand over lollipops to other boards but i am not sure how?
Solution can't be like this; playing 10 t-20 matches with the 2nd grouped teams instead of 5 matches.
What is the need to compensate. 10-15 years back, smaller boards such as WICB and SLCB used to contribute to the ICC budget in a significant way. Now their contribution has been reduced to less than 1%, with 80% of the total revenue being contributed by the BCCI. Even then, as per the ICC revenue distribution system, both these boards receive around 4.5% of the total funding. And on top of this, they want the bilaterals as well? IMO, they are demanding too much and time has come to show them their place.