no-cut contract

American

[noh-kuht kon-trakt] / ˈnoʊˌkʌt ˈkɒn trækt /

noun

Informal.

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

Etymology

Origin of no-cut contract

First recorded in 1975–80

Example Sentences

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See Examples For:

no-cut contract

By the time Kelmenson reached for the check, Iacocca had dangled before him a 26% increase in domestic billings and a five-year no-cut contract instead of the standard 90-day termination agreement.

From Time Magazine Archive

The problem, says Thomas unhappily, was Csonka's demand for a guaranteed, no-cut contract.

From Time Magazine Archive

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023