dear alish
its the simple concept of momentum and the newtons third laws of motion .
if the cricketer will catch the ball immidiately then its speed reduced to 0 at a sudden point of time , so, that might hurt the cricketer’s hand .
so, he lowers his hand to reduce it slowly .
this decrease the rate of change of momentum , and hence the force exerted on his hand is also decrease , thus it saves the hand from getting hurt .
HOPE IT CLEARS
REGARDS