They keep him for a year and then lose him to the eagles, most likely for less than what the eagles offered this year.Geelong don't want to improve WCE's list in any form. They will get him to Freo or keep him, as is their prerogative.
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He’ll be out of contract and you imagine no other club would stand in his way.
It’s an odd stance from the Cats, particularly when most clubs in this day and age are sympathetic to the (genuine) go home factor (see Ablett, Beams).
It’s just being pigheaded. Also, I wouldn’t be surprised if Kelly’s motivation levels/output next year are somewhat less than this year’s. I’m sure he is professional but he wouldn’t be human if he harboured some resentment.