Can you retire in the middle of a contract?

Question

Can you retire in the middle of a contract?

Answer 1

Well you can buy out of your contract...or the other end can buy you out if they want to close. But you cannot just walk away and say "I'm done" and that is that.  $$$$ big $$$$ needs to change hands first and it needs to be accepted.  It's like any contract out there.  Each side needs to keep their end of the contract or find an acceptable to both parties end to the contract. .

Answer 2

I guess if your Tony Stewart you can. Chevy is helping him out of his contract. So I guess so?

Answer 3

I think you can announce your retirement but I think you would have to fulfill your contract unless you suck and your owner wants you out anyway.

Answer 4

Nascar contracts are dissolved quite often. Kyle Busch is an example, he had a year left on his contract at Hendrick when he was let go.

The contract is binding but no sponsor or team wants to force a driver to drive for them that does not want to.

It's the same for the driver, no one wants to drive for a team that wants them out. Casey Mears and Joe Gibbs could both fight in court but in the end drivers drive for people they want and Owners hire drivers they want.

Answer 5

It is generally all about money, you can:

Ask to be let go: If the owner agrees, no problem

Buy your way out: Depending on your stats, that could be expensive

Get fired: That one speaks for itself

Have someone buy you out: Say if you are going to a new team, your new owner could cover some of the cost, ie Elliott Sadler and Doug Yates

Once you decide to leave, generally and owner will work with the driver.  Most owners don't want a driver whos heart is not in it anyway.

Answer 6

sports contracts are unlike most normal contracts

if you work for team A  you can retire but team A still has you under contract so you cant retire just to switch teams

so if you retired with 1 year left  you would have to sit out that year unless you can get team A to trade you or let you out of the remaining year of the contract

as in you buying out the contract

Answer 7

Yes you can buy your wa out ..if the owner lets you