IPL money will provide stability: Pawar

"You can see boys like Ishant Sharma (USD 950,000), Manoj Tiwary (USD 675,000) or take the case of Praveen Kumar. I know Praveen comes from a poor family and he too got contracted with the Delhi team for some Rs 1.8 crore. Harbhajan (Singh) got Rs 3 crore, while (MS) Dhoni got Rs 6 crore. We are collecting the money but it is spreading in so many sections," Pawar said.

Thankfully, things have changed for good and with the Board initiating a pension fund for the former players, cricketers don't need to worry anymore, Pawar said.

"We have also decided to foot the medical bill of the retired players. Players like Polly Umrigar, a former captain, suffered from cancer and his annual medical bill would be around Rs five lakh. It was not possible for him to pay the amount, the Board did.

"Now the Board is looking after the retired players, while ensuring a bright future for the youngsters as well," Pawar said.

He dismissed notion that the money flowing from all direction was filling only the Boards coffers.

"The general impression that money comes to the Board is not correct. For instance, whatever money we got from franchise auction, 80 percent of it goes to the state association to develop infrastructure.