If you follow professional sports, you've probably heard talk about players' contracts and their "fifth-year option." This lesson will demystify this critical contract clause and show why it's a big deal for both teams and athletes.
The fifth-year option is trending because teams are currently making decisions on their 2021 NFL draft class players.
Every spring, NFL teams must decide whether to exercise or decline the fifth-year option for players drafted in the first round three years prior.