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no-cut contract

[noh-kuht] /ˈnoʊˌkʌt/
noun, Informal.
1.
a professional athlete's contract guaranteeing that he or she will remain on the team's roster for a specified time.
Origin
1975-1980
1975-80
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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