player option
Interactive selection available
A player option is a contract clause, especially in professional sports, that gives the player the right to extend or terminate the agreement at a specified point.
If a basketball player has a player option for the final year of their contract, they can choose to stay at the guaranteed salary or become a free agent.
The choice belongs entirely to the player, unlike a team option, which gives that power to the organization.
- contractEnforceable written agreement
- free agencyAthlete unbound by contract
- free agentUnsigned professional seeking employment
- early terminationEnding before intended completion
- extensionAdded part or duration
contract year · clause · buyout · vesting · decline · exercise · negotiate · agency · signing · deal · guarantee · waiver · pickup · mutual · termination · leverage · roster · deadline