reserve clause

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reserve clause

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.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

reserve′ clause`

a clause in the contract of a professional athlete that binds the player to a team for a season beyond the expiration of the contract unless a new contract has been made or the player has been sent to another team.
Random House Kernerman Webster's College Dictionary, © 2010 K Dictionaries Ltd. Copyright 2005, 1997, 1991 by Random House, Inc. All rights reserved.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.reserve clause - a clause that used to be part of the contract with a professional athlete extending the contract for a year beyond its expiration; "the reserve clause was used to bind players to a particular ball club"
clause, article - a separate section of a legal document (as a statute or contract or will)
contract - a binding agreement between two or more persons that is enforceable by law
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
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Since the skills taught to a young player are easily transferable to other teams, the team must recoup its investment in general training while the player's mobility is restricted by the reserve clause. This means that these players will be paid less than their MRP during this indentured period.
A number of studies have applied the Scully method to investigate monopsonistic exploitation of "reserve clause" players.
He argues that prior contractual agreements limiting players' negotiating options with professional sports leagues (e.g., the reserve clause) may be economically efficient because it protects, and thereby encourages, transaction-specific investments.
In terms of time, the first case he reviews is the 1890 suit in which John Montgomery Ward challenged the reserve clause. Philadelphia Base-Ball Club, Limited, v.
Although many in management will never forgive Marvin Miller for his role in sending the reserve clause to its rightful death, the result of which was free agency for the players, the sport has benefited immensely from that decision.
A moment that marked a dramatic shift in the power structure between major league baseball players and owners occurred on December 23, 1975, when an arbitrator's decision brought an end to the primary effects of the reserve clause. Prior to the decision, the pendulum of power had been firmly with the owners.
What exactly is this Reserve Clause, which gave such one-sided power to an employer over the destiny of professional baseball players?
We're smoothly guided to the central point: the multilateral disputes sparked by the Federal League led directly to the monumental 1922 United States Supreme Court ruling that upheld professional baseball's claim of exemption from federal antitrust law, and therefore allowed continued application of the infamous reserve clause in player contracts.
Ten years after Miller took office, the detestable reserve clause was relegated to the legal scrap heap.
Baseball's reserve clause gave owners absolute control over the players, and that included their salaries.
(2) But as he listened to testimony, Celler sounded increasingly skeptical of the antitrust exemption and its companions: the reserve clause that denied players freedom to choose their employer and the territorial-rights rules that denied clubs freedom to move to a different city.
The 1890 Players' League represented a significant moment in baseball history, preceding the Federal League and professional baseball players eventual challenge to the "reserve clause" that ultimately led to "free agency" and expulsion of the owners' once tightly secured grip on players' rights.

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