Should players be allowed to hold organisations hostage?

Immortals recently lost three of their players from the CSGO roster. So according to Valve Major rules, despite being the finalists of the PGL Krakow Major, they will not be receiving direct invites to the next major.

Is this the players holding the organisation hostage? Or are they simply standing up for their rights? There is definitely a difference of opinion on this one, but there should be some lines included in their contracts for this.