no-cut contract

[ noh-kuht ]
/ ˈnoʊˌkʌt /

noun Informal.

a professional athlete's contract guaranteeing that he or she will remain on the team's roster for a specified time.

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Origin of no-cut contract

First recorded in 1975–80
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020