Semi-Guaranteed Contract definition
Semi-Guaranteed Contract means an SPA that may be terminated by MLS pursuant to Section 18.7 prior to the Contract Guarantee Date of the year in which his Player Agreement is terminated, without further obligation on either party. If not terminated for such reasons prior to the Contract Guarantee Date of any year, the SPA may not be terminated for such reasons until the immediately following December 31.
Examples of Semi-Guaranteed Contract in a sentence
Each Player party to a Guaranteed Contract or Semi-Guaranteed Contract (but not any Player signed to a Short Term SPA), and such Player’s eligible dependents, if applicable, will be provided with dental benefits.