It's just as well

[arpadarpa]

Hi,

somebody please explain what does "It's just as well" means and how / when to use

For example:
Perhaps it is just as well that there was no escape clause in David Beckam's contract with Los Angeles Galaxy.

thank you in advance.

[Skrej]

It's an idiom we use to indicate that an occurrence, or situation, is not only fortunate, but that for the contrary, it could have been a lot worse.

So, in your example, the writer is saying "Maybe it's a good thing that there was no escape clause in David Beckam's contract with Los Angeles Galaxy, because it might have been worse if there were an escape clause."

Apparently the writer thinks that it's a good thing David Beckam doesn't have an escape clause (a way of leaving a contract early), because the writer feels that it might be worse if he did leave early.