Opening batsman Shikhar Dhawan and seamer Bhuvneshwar Kumar have been dropped from the top rank of India's annual contracts with the board showing faith in young wicketkeeper-batsman Rishabh Pant by handing him the second-most lucrative retainer. BCCI's retainer structure has four grades with the top "A+" category, which was introduced last year, worth 70 million rupees ($998,730) a year. Skipper and batting mainstay Virat Kohli, opening batsman Rohit Sharma and pace spearhead Jasprit Bumrah are the players in that bracket, which has been cut from five to three. Kohli is the top-ranked batsman in the world in both Tests and One-Day Internationals, while his ODI deputy Rohit is ranked a spot below him in the 50-over format. Bumrah was one of the key contributors to India's maiden test series triumph in Australia and is currently ranked number one in the ODI bowlers' list. Pant, 21, is one of 11 players who were grouped in the second grade with a retainership of 50 million rupees for the period from October 2018 to September 2019. Pant, who is being groomed to take over from Mahendra Singh Dhoni as first choice wicketkeeper in all formats, has made his name as a flamboyant batsman scoring his maiden Test century in the England series. He underlined his worth with an unbeaten 159 against Australia in Sydney this year. The hard-hitting batsman replaced the injured Wriddhiman Saha behind the stumps in Tests last year and scored a century during India's test series in England. Long-serving Test opening batsman Murali Vijay has lost out on a contract after a poor year with the bat. The world's richest Cricket board will pay 30 million rupees to the players in the third grade while the final group has a retainership of 10 million. BCCI's top tier for annual retainership for women has four players including Mithali Raj, who is the highest run-getter and most capped player in the world. Raj and her three colleagues will be paid 5 million rupees for their contract. BCCI men's contracts: Grade A+ — Virat Kohli, Rohit Sharma, Jasprit Bumrah Grade A — Ravichandran Ashwin, Ravindra Jadeja, Bhuvneshwar Kumar, Cheteshwar Pujara, Ajinkya Rahane, Mahendra Singh Dhoni, Shikhar Dhawan, Mohammed Shami, Ishant Sharma, Kuldeep Yadav, Rishabh Pant Grade B — Lokesh Rahul, Umesh Yadav, Yuzvendra Chahal, Hardik Pandya Grade C — Kedar Jadhav, Dinesh Karthik, Ambati Rayudu, Manish Pandey, Hanuma Vihari, Khaleel Ahmed, Wriddhiman Saha. — Reuters