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Yeah, he does. Any player who retires with time left on their contract officially goes on a reserve list and the team retains rights to the player. A couple of years after Barry retired his agents asked the Lions to trade or release him, which suggested that he wanted to come out of retirement but play for a different team. The Lions refused, so he stayed retired.
Tiki Barber sat out 4 seasons after retiring and when he filed reinstatement papers the Giants had to release him.
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