Explore tens of thousands of sets crafted by our community.
Sports Contracts and Negotiations
20
Flashcards
0/20
Standard Player Contract
A template contract used by leagues that outlines the basic terms and conditions of an athlete's employment with a team, often including salary, duration, and conduct expectations.
Image Rights Agreement
An agreement concerning the commercial use of an athlete's likeness, name, image, and branding, which may be separate from other performance-related contracts.
Performance Bonus
A provision in a player's contract that provides additional compensation for meeting certain performance benchmarks, such as statistics or team success.
Loan Agreement
A temporary transfer of a player from one team to another, typically with the player set to return to their original team at the end of the loan period.
Agent Representation Agreement
A contract between an athlete and a sports agent, where the agent is granted authority to negotiate contracts and endorsements, typically for a fee or commission.
Buyout Clause
A provision that allows a player or another team to pay a set fee to release the player from their current contract.
No-Trade Clause
A clause in a contract that prevents an athlete from being traded to another team without their consent, often included in contracts of high-profile or long-tenured players.
Free Agency
A status where an athlete is eligible to sign with any team, having no contractual obligations to any team, typically after the expiration of their previous contract.
Morals Clause
A contract provision allowing a team or sponsor to terminate the agreement if an athlete engages in behavior that is detrimental to the image of the league, team, or sponsor.
Option Year
An additional year(s) on a contract that can be exercised by the team or player, extending the original contract terms for a further period.
Collective Bargaining Agreement (CBA)
A contract between a sports league and its players, typically including provisions regarding wages, working conditions, and dispute resolution procedures.
Guaranteed Contract
A contract in which a player is entitled to the full contract amount regardless of performance, injury, or being cut from the team.
Endorsement Contract
An agreement where an athlete promotes a company's products or services in return for compensation, which can include fixed payments, royalties, or performance incentives.
Arbitration Clause
A clause in a contract that requires disputes between the player and the team to be resolved by arbitration, rather than through litigation.
Salary Cap
A rule that sets a limit on the amount of money a team can spend on player salaries, designed to ensure competitive balance within a league.
Injury Clause
A provision in a sports contract that outlines the compensation an athlete will receive if they are injured and unable to perform, possibly including salary guarantees or insurance policies.
Trade Clause
A provision in a sports contract that outlines the conditions under which a player can be traded, often including consent requirements or financial implications.
Signing Bonus
An up-front payment made to a player upon signing a contract, separate from the player's regular salary, and often used to entice them to join the team.
Transfer Fee
A fee paid by one team to another to secure the rights to a player under contract; most common in international soccer.
Rookie Scale Contract
Contracts for new players entering a league, often with predetermined salary scales based on their draft position, typically used in leagues with a draft system like the NBA.
© Hypatia.Tech. 2024 All rights reserved.