Now let's deal with what you actually wrote:
"I don't see any way P2 opts out in a contract year for what will likely be his last contract" .
"Likely be his last contract" suggests he will not receive a contract beyond the existing agreement.
What part of that baseless speculation on your part don't you understand?
What part of contract year don't you understand?
If I mean't this was his last contract I would have said "No way P2 opts out in the last year of his career"
Let me translate for you
"I don't see any way P2 opts out when he's negotiating a new deal for what will likely be his last contract"
Considering that's what contract year means.