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User_gary Posted 16 years ago
Vocabulary
Buy out
On the eve of the players' auction for the third edition of the Indian Premier League (IPL), Pakistan speedster Shoaib Akhtar claimed the Kolkata Knight Riders (KKR) haven't cleared his dues.
Akhtar was one of the six Pakistani players whose contracts were terminated after the Mumbai terror attacks. Tense political situation between the countries forced the IPL franchisees either to buy out the Pakistani players or temporarily suspend their contracts.
While KKR wished to buy out Akhtar, agreeing to pay his dues and signed legal documents towards the same, a year on, the Pakistan speedster said he is yet to get whatever was due to him after the first year.
Source : http://www.hindustantimes.com/News-Feed/cricketnews/Akhtar-kicks-up-controversy/Article1-499087.aspx
Team India discard Mohammad Kaif's contract has been bought out by Rajasthan Royals and he has been added to the Tuesday's IPL auction pool. He has been put in the second pool alongside Shane Bond, Wayne Parnell and Eion Morgan.
Ricky Ponting has confirmed that he will not be part of the IPL. Ponting's contract has also been bought out by Kolkata Knight Riders, which means they are now free to replace him with another player.
Source : http://origin-www.cricket.ndtv.com/storypage/ndtv/id/spoen20100126518/Rajasthan_Royals_buy_out_Kaifs_contract.html
Could you please explain to me what "buy out" means in this context?
I thought it just means to buy someone for money but here it seems something else.
Akhtar was one of the six Pakistani players whose contracts were terminated after the Mumbai terror attacks. Tense political situation between the countries forced the IPL franchisees either to buy out the Pakistani players or temporarily suspend their contracts.
While KKR wished to buy out Akhtar, agreeing to pay his dues and signed legal documents towards the same, a year on, the Pakistan speedster said he is yet to get whatever was due to him after the first year.
Source : http://www.hindustantimes.com/News-Feed/cricketnews/Akhtar-kicks-up-controversy/Article1-499087.aspx
Team India discard Mohammad Kaif's contract has been bought out by Rajasthan Royals and he has been added to the Tuesday's IPL auction pool. He has been put in the second pool alongside Shane Bond, Wayne Parnell and Eion Morgan.
Ricky Ponting has confirmed that he will not be part of the IPL. Ponting's contract has also been bought out by Kolkata Knight Riders, which means they are now free to replace him with another player.
Source : http://origin-www.cricket.ndtv.com/storypage/ndtv/id/spoen20100126518/Rajasthan_Royals_buy_out_Kaifs_contract.html
Could you please explain to me what "buy out" means in this context?
I thought it just means to buy someone for money but here it seems something else.
Top answer
Buy out here mean the team as in first one KKR having decided that Shoaib Ahktar service is not required by team has terminated the contract of the player by simply buying his contract which involve paying him the salary for remaining year on his contract. I hope this works for u
- Buy out here mean the team as in first one KKR having decided that Shoaib Ahktar service is not required by team has terminated the contract of the player by simply buying his contract which involve paying him the salary for remaining year on his contract.
- I hope this works for u
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1 Answers
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Buy out here mean the team as in first one KKR having decided that Shoaib Ahktar service is not required by team has terminated the contract of the player by simply buying his contract which involve paying him the salary for remaining year on his contract.
I hope this works for u
I hope this works for u
0
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