my understanding of a one year rolling contract is a continuous contract with a one year termination notice - a year by year contract would be more like an annual contract with an option to extend for a further year - i cant believe McCunt would sign a contract that had an option to extend for a further 12 months exercisable by the Allams without having any notice period such that he wouldnt know whether he had a job for the next 12 month period the day before it may be exercised
One year rolling contracts, that auto-renew if everyone is agreeable, have to be triggered by a certain date, you don't find out the day before.
Though I expect his is ongoing, otherwise he'd have gone by now.