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reserve clause

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reserve clause

–noun Sports.
the clause in the contract of a professional player in some sports that binds the player to a team for a season beyond the expiration of the contract in the event a new contract has not been made meanwhile or the player has not been sent to another team.

Origin:
1940–45
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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reserve clause  
n.  A clause formerly included in the contract of a professional athlete that allowed the automatic extension of the contract for a year beyond its expiration, thus binding the player to the organization until release, retirement, or a trade.
The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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