5 Sports Contracts
Contracts are fundamental to professional sports. These documents determine the rights and obligations of the athletes, coaches, general managers, and the organizations that employ them. They also detail stadium leases, naming rights deals, and sponsorships.
Sports contracts have certain unique and important characteristics. First, an interplay between union agreements and individual service contracts exists. Therefore, player contracts are subject to the labor agreements negotiated between players’ unions and their leagues (also a type of contract) and to the salary control mechanisms found in many of those labor–management agreements. Additionally, sports contracts contain particular duties and prohibitions not normally ...
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