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Optional contract extensions?

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I've only just started using this option on this years FM. Im finding it really useful in keeping my best players. In fact i used it last night. I might be wrong in this but i've found i can use the extension as long as it doesn't take the length of the players contact, past what the board is allowing me to offer the players. For example at the moment, i cant offer passed 2025. so last night the players contract that i extended, ended in 2024 and i had a one year extension in his contact. However, my DM contract end in 2025 so i cant yet use the 2 year extension i have in place in his contract. Hope this is right and i've helped.

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