Pre-contract in football refers to an agreement signed by a player and another club, which will come into effect when the player`s current contract with their current club ends.
This type of agreement is usually signed by players in the final year of their contract with their current club. They are allowed to sign pre-contract agreements with other clubs six months before their contract expires, and this is usually done to provide security for the player`s future in case they are not offered a new contract by their current club.
Pre-contract agreements are binding, and once a player has signed one, they are committed to joining the new club once their current contract expires. This means that they cannot sign a new contract with their current club or another club during the period between signing the pre-contract and leaving their current club.
Pre-contract agreements can be beneficial for both the player and the new club. For the player, it offers the security of knowing they have a new club to move to once their current contract ends. It can also provide them with a significant signing-on fee from the new club that can help secure their financial future.
For the new club, signing a pre-contract agreement can be beneficial because it allows them to secure the services of a player who may have been in high demand from other clubs. It also allows them to start planning for the future by knowing they will have a particular player in their squad.
However, there are also some risks when signing a pre-contract agreement. If a player signs a pre-contract and then suffers a long-term injury or loss of form, it can be challenging for the new club to back out of the agreement. Similarly, if a new manager takes over and decides they do not want the player, it can be difficult to cancel the pre-contract agreement.
In conclusion, pre-contract agreements are a common part of modern football, and they provide players with the security of knowing they have a new club to move to once their current contract expires. While there are some risks involved, the benefits of signing a pre-contract agreement often outweigh these risks, making them a valuable tool for both players and clubs.