No mate it's different - Buyback = Selling club has the option to buy back the player at a future date at the price mentioned in the contract, if they think he's worth getting back to the club. It's a bit like a release clause, but different in the sense that a release clause can be activated by any team whereas a buyback is exclusive to the original selling club. In both cases, the club that buys the player (us, in this matter) is contractually bound to accept the offer if it matches the release clause amount. Example - if say Madrid offer us 8 million for Oriol, we may or may not accept the offer. But since Barca has that buyback clause, if they offer 8 million, the clause is activated and we must accept the bid. First refusal = When a club makes an offer for a player and it is accepted by the selling club, if the selling club has a 'first refusal' deal on that specific player or set of players with another club, that other club has the right to have an offer of a same amount accepted by the selling club. If they think the player in question is good enough and match the original offer, this bid has to be accepted by the selling club. Then it is upto the player to choose which club he wants to go to. Example - Part of the Deco deal was us getting 'first dibs' on Fluminense's 3 young players (their names evade me atm). If say Man Utd make an offer for one of those players and it's accepted by Fluminense, we have a right to match Utd's offer and have it accepted by Fluminense. Then the player decides which club he wants to go to. Hope I made sense