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A buyout clause or release clause refers to a clause in a contract that imposes an obligation on another organisation wishing to acquire the services of the employee under contract to pay the (usually substantial) fee of the clause to the organisation which issued the contract and currently employs the employee.
They had no freedom to change teams unless they were given an unconditional release. In the days of the reserve clause, that was the only way a player could be a free agent. Once common in sports, the clause was abolished in baseball in 1975. The reserve clause system has, for the most part, been replaced by free agency.
On 24 August 2024, Aghehowa joined Primeira Liga club Porto from Atlético Madrid on a five-year contract and reported €100 million release clause. Porto paid Atlético Madrid €15 million for 50% of his sports rights and also reserved the option to buy 30% of his sports rights in 2025 and 2026 for €5 million each year.
Lamine Yamal, 16, signs new deal at Barcelona with $1.05B buyout clause. George Ramsay, CNN. October 3, 2023 at 7:58 AM. Yamal joined the Barcelona youth ranks at the age of seven, according to ...
His performances saw him earn a contract extension lasting until 2027, with his release clause dropping to €5 million in order to facilitate a transfer abroad. [28] On 14 May, he scored again against CFR Cluj in a 1–0 home success. [29] One week later, Coman assisted FCSB's second goal in a 2–3 away loss to eventual champions Farul ...
In professional association football, a free transfer, also known as a Bosman transfer, involves a professional association football club releasing a player when the player's contract has expired or made available just before the end of the contract. The player can then sign for any club offering them a contract.
A buyout clause refers to a clause in a football player’s contract that requires a willing club which intends to purchase the playing rights of the football player under contract with his current club, to pay a stipulated amount (which is usually substantially high) as stated within the clause, to the club that still owns the contractual ...
The following is a list of most expensive association football transfers, which details the highest transfer fees ever paid for players, as well as transfers which set new world transfer records. The first confirmed record transfer was of Willie Groves from West Bromwich Albion to Aston Villa for £100 in 1893 [ 1 ] (equivalent to £14,000 in ...