Tag: What does player option mean?
-
What does it mean to buyout a player?
A buyout occurs when a player and team mutually decide to part ways. The player surrenders an agreed-upon amount of his guaranteed salary, and in exchange, is released and allowed to sign with any other team as a free agent. [mks_pullquote align=”left” width=”300″ size=”20″ bg_color=”#00BCD4″…