Shastri feels that an administrator should get a minimum six-year term and made it clear that a huge country like India requires "five selectors", and not three, as recommended by the Supreme Court constituted Lodha panel.
"I think there needs to be dialogue between both parties. Efforts should be made in this regard and let it not be a boxing bout," Shastri told Sanjay Manjrekar during an interaction.
Besides commentating, the former captain is here as part of celebrations for India's 500th Test match.
"Why would I join BCCI if there's cooling off period? If I have an idea which is constructive and which I can do, I mean you are telling me to go in three years. What would anyone achieve in three years? How do you know the guy coming after me is competent enough?," he asked.
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"If I have done a competent job, then I should be respected for my competence. There is no harm if I get a six- year term. Then go for three-year cooling off and come back for another six years. Even Indian presidential candidate gets five years."
"When I played game, three selectors were enough but the manner in which interest has grown, the combined number of people who play the game in our country is more than combined population of other cricket playing nations.
"Australia can have three selectors as they have a population of 17 million (approx). We have a population of 1.2 billion. You are asking too much from poor guy (selector). They can cover each end of the country but still won't be enough. I think five (selector) is in order," Shastri said.