The International Cricket Council on Friday explained that the Members' Participation Agreement (MPA) for ICC events from 2007-2015 will provide greater flexibility for players taking part in prestigious ICC events.
"The new MPA will be more flexible for players than previous agreements regulating participation in ICC events," ICC general manager - Cricket, David Richardson said in a press release.
Richardson said he is ready to speak to Indian captain Rahul Dravid and explain to him the benefits of the MPA.
"While the ICC is required to deal directly with the Indian board [BCCI] on player issues, I've always enjoyed a good relationship with the Indian captain Rahul Dravid and several of their leading players and, should the BCCI permit, I would welcome an opportunity to answer any queries they may have," he said.
The BCCI has said that there are several objections to the MPA and they would not sign it in it's present form.
The ICC on Wednesday said it has given the BCCI seven days to notify it of any difficulties it has with the MPA.
ICC president Percy Sonn, in a statement, said the BCCI could be putting the 2011 World Cup in jeopardy by going out on its own and refusing to sign the next MPA.
Richardson stated that the new MPA has been drafted after taking into the account the views of the players.
"In drafting the player terms that fall within the MPA we have taken on board the views of players, including views expressed from India, to build a framework of agreements that will provide added benefits to players," he said.
Richardson further added that with the new MPA there would be fewer restrictions for a player with regards to endorsement deals.
"Players will be faced with fewer restrictions regarding their own endorsement deals and will have greater control over the use of their own player attributes before, during and after ICC events."
"The formal and informal discussions that we have had with players and their representatives indicate widespread support for these developments. The new system will have the added benefit of incorporating clearer guidelines and opportunities for all," Richardson said.