I’ve been hearing this in a lot of Esports pro teams but can’t really understand how they work, tried google but to no avail. Like what happends if you buy out a player? Who gets the money? Who is paying?
In: 9
Let’s say I hire you to play Fortnite and I will pay you $20,000 a year for 3 years.
You suck so I want to stop paying you. Or I suck so you want to play for someone else.
Most contracts have a buy out clause to allow this to happen.
In this example. Maybe I can pay $30,000 all at once and kick you out of my team.
Or maybe you or your new potential team can pay me $20,000 and I’ll release you before the 3 years are up.
Essentially it’s ended the contract by someone else buying the contract.
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