Dortmund executive Hans-Joachim Watzke has acknowledged there is a clause in Reus' contract, with reports putting the figure in the region of €35million (£29.4m).
"Marco Reus possesses a release clause option in his current contract at our club," Watzke told SPORT1media. "He could leave our club due to that.
"He is, however, the only player in our first-team squad that has such a contract clause."
Reus' contract runs until 2017 and speculation has claimed that Dortmund want to hand the 24-year-old a pay rise to remove the release clause.
http://www1.skysports.com/football/news/11899/9021767/borussia-dortmund-attacker-marco-reus-does-have-release-clause-in-his-contractThere are 2 different types of release clause
1/ It is a clause in a player’s contract that, subject to qualifying conditions (i.e. a particular transfer window or non-participation in the Champions League),
automatically requires a club to accept an offer of a pre-determined contractual amount expressly set out in the contract from the offering club. If the minimum amount stipulated in the contract is triggered by a the purchasing club, the player will be entitled to speak to that club.
2/During the summer transfer window, the PFA reported that the contractual provision in Suarez’s contract with Liverpool was a
‘good faith’ release clause rather than an automatic release clause. The two are quite different. With an automatic release clause, player ‘y’ must be allowed to speak to purchasing club ‘x’ if the minimum release amount is offered. A ‘good faith’ clause means the parties are required to negotiate in good faith once a bid has been made. Importantly, a good faith clause does not automatically trigger the selling club to accept the offer.
Buyout clauses are different to a release clause :- Buy-out clauses are prevalent in Spain and are somewhat different to a release clause. They are a mandatory element of most Spanish contracts and are usually set at a very high figure which is not necessarily the true market value of the player. The player has to literally ‘buy out’ his contract at the stipulated amount, though in practice, it is the purchasing club who pays the amount via the player. This can be a complicated process because of the practical tax logistics of a purchasing club transferring the ‘buy-out’ fee to the player who will in turn buy out his contract.
http://www.danielgeey.com/buy-out-release-clauses-in-football-the-basics/
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