The employment contracts for professional athletes often contain options for either the player or the team. Consider one recent contract in Major League Baseball. The player's salary was guaranteed for the first couple years. However, after several years, the team had the option to cancel the contract if the player became injured. If we think of each player as a project for the team, this option feature of the contract is best described as

Question

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The option for the team to cancel the contract if the player becomes injured is best described as the option to abandon projects, as they have the choice to stop investing in the player/project if it is no longer deemed valuable.

The Employment Contracts for Professional Athletes Often Contain Options for Either