The unintentional greatness of opt-out clauses

When the day is over, I’m not really a fan of opt-out clauses in sports contract.  They’re like slimy, sleazy trap doors out of contracts that professionals can claim they’re really going to commit to a team for seven years, but dude-bail after two years or five years, or whenever they’ve negotiated to have an opt-out available to them.  It’s like being in a fucked-up relationship where the dude is allowed to leave after the second year scot-free, but if they pass up on that escape window, then they’re locked in for the long haul.

More often than not, we’ve seen classic examples of guys who sign 7-10 year deals, with opt-out clauses after like three years; where the fans think they’ll have a guy for 7-10 years, they’re all stoked to see him play out of his mind in year three, put up career best numbers, lead their teams deep into playoffs… and then opt the fuck out of their contracts, and then put a gun to their teams’ heads and stick them up for another lucrative long-term contract, lest they become free agents and jump to whomever else would be willing to instead. 

Off the top of my head, Alex Rodriguez and CC Sabathia are prime examples of guys who have successfully parlayed the opt-out clause to perfection and bilked the New York Yankees out of more money than their original Yankee contracts were originally worth.  LeBron James is a perfect recent example of a guy who has not only opted out this year, but has done it twice now, opting out of the contract he had with the Miami Heat to escape back to Cleveland, and then now opting out of his deal with the Cavaliers to go to Los Angeles.

On the flip side, there’s the hilarious example of Dwyane Wade, who opted out of a guaranteed $16 million for one year with the Miami Heat, only to discover that nobody wanted him, and then came crawling back to the Heat, where he had to sign for two more years in order to get than $16 million back.

And that’s where we get a glimpse of the unintentional greatness of the opt-out clause, because every now and then it provides the opportunity for overpaid babies we know as professional athletes to get owned.  And there are fewer things I take a sadistic pleasure out of seeing than professional athletes getting owned financially.

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