Luis Suarez does have a buyout clause after all

Mike Hewitt

"You signed a contract? Cool. I have a roll of toilet paper."

Contracts are apparently just for photo shoots and recycling.

Liverpool owner John Henry basically said as much at the MIT Sloan Sports Analytics Conference, reportedly confirming that Luis Suarez does in fact have a £40 million release clause that should have been triggered when Arsenal met it in the summer, but the Reds decided not to sell anyway. Why not? Because "apparently these contracts don't seem to hold," Henry said.

It's a good thing those things are supposedly legally binding and players' income depends on them.

"Luis Suarez is the top scorer in the English Premier League, which is arguably the top soccer league in the world," Henry reportedly said. "He had a buyout clause of £40m. Arsenal, one of our prime rivals, offered £40m plus £1. What we've found ... is that contracts don't seem to mean a lot in England -- actually, in world football."

So to review:

1) Luis Suarez signed a contract that says if another team bids £40 million, he can leave, and Liverpool also signed the contract.

2) Arsenal bid £40,000,001.

3) Liverpool said, "too bad, we like him and will keep him."

It looks like the decision has worked out well for Suarez, as he plays like the best player in the league and Liverpool take aim at the title, while the Reds have to be happy to have kept their best player so they can continue their bid to add a trophy. Meanwhile, Arsenal are wondering where they would be with Suarez, and the rest of the football world is being exposed to what some already knew -- signing a contract is as good as pissing your name into snow.

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