In the months following the announcement, the additional terms of Beckham's contract became public knowledge. One unique contract provision was giving him the option of buying an MLS expansion franchise in any market except New York City at the fixed price of $25 million whenever he stopped playing in the league – an allowance that the league's owners had never given to a player before. Another provision was the opt-out clause after the 2009 season, meaning that should he decide so, Beckham was free to leave the club after completing year three of his five-year contract. The league had a salary cap in place, requiring the creation of the Designated Player Rule for Beckham to bypass the cap; the rule was later nicknamed in his honor. In April 2007, he and wife Victoria bought an $18.2 million home on San Ysidro Drive in Beverly Hills.