News the game's national governing body was laying the groundwork for private investment broke on Saturday.
New Zealand Cricket Players' Association manager Health Mills described the move as inevitable and former Wellington Cricket Association chief executive Gavin Larsen told the New Zealand Herald the game needed an injection of "fresh ideas and, most importantly, capital into a moribund scene".
The proposed sell-down mirrors what the New Zealand Rugby Union hopes to do with its five Super 15 teams and would see the six major associations encouraged to sell a stake of up to 50%.
However, Dykes said discussions at New Zealand Cricket (NZC) "hadn't got that far" when contacted for comment yesterday.
"I think it is very premature that anybody is talking about it, to be fair," he said.
"From my point of view there have been discussions about the advantages. But the practical way in which it would work hasn't been explored very much at all.
"I don't think discussions have reached the point where anybody knows enough to say, 'Hey, this is a really good idea. Let's pursue it'.
"It is definitely still on the agenda ... but I want to be a voice of reason here and say there is still quite a lot of work to do yet."
Having said that, Dykes believes there is an appetite for change within NZC. People are excited by the potential of sidling up to a commercial partner - the obvious benefit being an injection of capital.
But there would be other advantages as well. The right business partner could help promote and market the game which would help cricket grow, generate revenue and reach new audiences.
While that all sounds wonderful, what would potential investors get in return?
What concessions would the major associations have to make?
Dykes firmly believes it would be a mistake to relinquish too much control. Any partnership with private shareholders would have to be "structured right".
By that he means the associations would have to remain in control of their destiny and continue to meet their obligation to the game's grassroots.
All investors would seemingly get out of a deal like that is the opportunity to associate themselves with the brand.
Dykes has reservations as to whether there would be enough interest from the local commercial sector.
"Right at the moment the Otago Volts are a strong brand," Dykes said.
"We have some name players and have performed strongly ...
"But my initial reaction is to say, 'No, there isn't enough commercial support here'. But we are not talking about it just being a solely New Zealand-based franchise. It is perhaps an opportunity that these franchises may, in time, play in other competitions outside New Zealand.
"It all just has to be explored so much more. Should it just be twenty/20 or should it be the lot?
If it is only twenty/20, are you just peeling off the cream and leaving the amateur game to support the rest?
"These are the things which need to be teased out."
