no-cut contract

American  

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

noun

Informal.

1. 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

Max closes the deal with a hard-nosed business proposition: The narrator must work for the influencer for three years under a no-cut contract in return for $100,000 a year, to be deposited into a Swiss account set up in an LLC under a phony name.

From Los Angeles Times

Soon after, she did it anyway, with the comfort of a no-cut contract good to May 2013.

From Seattle Times

Judging by that mop-top of his, it's a no-cut contract.

From Seattle Times

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