And honestly, if I am being blunt I really don't think anyone is willing to actually respect the first-class players or domestic players. At least not until they get paid a lot more than what they are being paid at the moment.
For the BCCI, money comes first nowadays. They just got an IPL deal worth $6 billion for 5-year period. That is more than 1 billion USD per year just from IPL itself. On top of that they receive funds from the ICC, sponsorship and also for the TV deal for international matches that are hosted in India. Their revenues have go up by 3-4 times in the last 5 years. And given the nature of politicians and businessmen in India, it would not surprise me if these guys rush to steal at least some of this huge amount.