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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.
If ICC revenue is criteria then it will get ugly for everyone.
During the ICC rights saga, heard some numbers in the podcast and I was shocked to know that SL-BAN-PAK-AFG as a group doesn't even bring $100 million. SA and WI are more or less the same, NZ hardly gets any eyeballs and ENG-AUS both contributed around $425-ish million.