dead money
n.— «Feeley was scheduled to make $2.4 million in contractual salary from the Eagles in 2009 if he made the roster. If he were to be released prior to the season opener, he would receive a $1 million buyout in what is known as “dead money” in the NFL.» —“Ex-Eagle QB’s For Sale….and how much money is an NFL job worth?” by Thomas Jackson Most Valuable Network: Eagles Eye Sept. 7, 2009. (source: Double-Tongued Dictionary)
Further reading
Brian from Mandan, North Dakota, is puzzling over one of her mother’s sayings. If someone left quickly or abruptly, she’d say that they took off like a ruptured duck. There’s a famous World War II-era military discharge emblem featuring an eagle...
A Green Bay Packers fan wonders why a quarterback who’s tackled is said to be sacked. The roots of the word sack as in “bag” goes back thousands of years, all the way to Akkadian, later spreading through Greek, Latin, and then to Romance and...
dead money is also used in poker as “lost money”