I can see one possibility where BCCI and Saudi Cricket comes together and go with the joint venture but for this to happen bilateral cricket need to die for sure because the schedule is packed. In this case, BCCI could allow Indian players and it's directly related to the Indian market.
That is what I said they both will form a joint venture and Indian crickters would play in that League for the first time. Forget about bilateral series those don't generate any revenue for ICC, I would say yes to whatever BCCI wants if BCCI gives me something in return. That is what you can expect, otherwise BCCI has that option of leaving ICC and start its own governance in cricket. I would like that to happen.
This invitation is very big and I don't think BCCI can go against it. After all Jay Shah is the controlling the board. I believe this collaboration might become a huge revenue generator for BCCI.
The BCCI will surely send their players wherever they see a profit. And I am quite sure that if Indian players take part in the Saudi cricket league, they are surely going to be paid a lot of money. But one problem is, BCCI will surely not want to send their players to a league that is saying that they are going to be bigger than IPL. At least that’s what I think. I believe if the BCCI wants their player to have a good amount of money, they are going to send the players. But if they want IPL to be the best, even after the Saudi league, they will not send the players.