Which of the following is true about a released player in the last year of their contract?

A released player in the last year of their contract is allowed to declare themselves a free agent, which means they can pursue opportunities with other teams immediately. This declaration comes as a part of the processes in professional sports contracts where, upon release, a player no longer has contractual obligations to their former team. This flexibility is crucial for players as it enables them to find new employment in the league without restrictions.

When a player is released, they typically do not lose all accrued benefits; instead, they retain certain rights as governed by the terms of their contract and league rules. The option regarding the inability to sign with another team is inaccurate, as released players typically gain the freedom to explore offers from other teams. Lastly, a released player would not be drafted by their original team since drafting pertains to rookie players or those not currently under contract.

In essence, the ability to declare oneself a free agent is a significant aspect of a released player’s status, allowing them the chance to continue their professional career elsewhere in the league.