The term "set off" refers to what in terms of player contracts?

The term "set off" in the context of player contracts specifically refers to a calculation used to determine the amount of salary that a player is owed, typically in situations where there are offsets due to other earnings. This can occur when a player is released or waived by a team but has another contract with a different team or organization. The 'set off' allows the team that previously employed the player to deduct any earnings the player receives from this new contract from the salary owed under the original contract.

In other terms, if a player is making money from a new team or league while still technically owed money from the former team, that income can be subtracted from the total salary owed under the first contract to avoid double compensation for the same period. This is an essential consideration in contract negotiations and understanding player rights and obligations in professional sports.