The sources also said the chief executive officer (CEO) K S Viswanathan would be the head on the cricket front.
Sundar Raman, chief operating officer (COO) of the Indian Premier League has resigned.
The Supreme Court-appointed Lodha Committee gave a clean chit to former IPL COO Sundar Raman in connection with the 2013 spot-fixing and betting scandal, citing lack of evidence against him.
Encouraged by the financial model followed by Cricket Australia and England and Wales Cricket Board, the BCCI is planning to introduce a performance-based incentive for the Indian team for each and every home and away series.
The fate of the former India cricket chief and his Indian Premier League team will be known when the Supreme Court pronounces its verdict on Thursday.
The Enforcement Directorate (ED) has sought legal assistance from Singapore and Mauritius to take forward its probe in the alleged financial irregularities in the Indian Premier League tournament (IPL) and its former chairman Lalit Modi.
Chennai Super Kings and Rajasthan Royals were suspended from the Indian Premier League for two years for betting activities of their key officials, Gurunath Meiyappan and Raj Kundra, during the 2013 season of cash-rich Twenty20 cricket tournament.
The Committee of Administrators (CoA) has suggested the Supreme Court to take stern action against those named in the Justice Mudgal panel dossier, currently in a sealed envelope with the apex court.
The Supreme Court has urged the Board of Control for Cricket in India to follow the recommendations of the Justice R M Lodha Committee and "save trouble".
Shaken by Justice RM Lodha committee's recommended reforms of its governance structure, the Board of Control for Cricket in India has decided to call a Special General Meeting (SGM) within the next two weeks to discuss the implications of the report.
The Supreme Court-appointed Lodha Committee on Monday recommended sweeping reforms for the controversy-ridden Board of Control for Cricket in India, suggesting a bar on ministers from occupying positions, putting a cap on the age and tenure of the office-bearers and legalising betting.
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