Designated Player Clause Samples
The Designated Player clause establishes a specific category for players who are exempt from certain standard roster or salary cap restrictions within a sports league. Typically, this allows a team to sign one or more high-profile players whose compensation exceeds the usual limits, without those salaries fully counting against the team's cap. This clause enables teams to attract and retain star talent, enhancing the league's competitiveness and marketability while maintaining overall financial controls.
Designated Player. A Player who is in the status of a “designated player” under Major League Rule 2(k) shall, during the period he is in such status, be
(1) paid at the rate of his Major League salary and
(2) credited with Major League service. A Player who is in the status of a “designated player” under Major League Rule 2(k) shall be unconditionally released or his contract assigned within 10 days after he is placed in the status. A Club must request the necessary waivers in a time frame that will allow it to unconditionally release or assign the player within the 10-day period.
Designated Player. A Player who is in the status of a “designated player” under Major League Rule 2(k) shall, during the period he is in such status, be
(1) paid at the rate of his Major League salary and
(2) credited with Major League service. A Club that desires to unconditionally release a Player who is in the status of a “designated player” under Major League Rule 2(k) shall request the necessary waivers by 2 P.M. on the eighth day following such designation; provided, however, that if the eighth day falls on a non-business day, the Club shall request such waivers not later than 2 P.M. on the next business day.
Designated Player. 52 H. Unconditional Release ......................................... 52 ARTICLE XX-Reserve System.............................................. 53 A. Reservation Rights Of Clubs.................................... 53