The man run out (5)

I believe the answer is:

peter

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'out' is the definition.
Although both the answer and definition are singular nouns, I cannot understand how one could define the other.

'the man run' is the wordplay.
'the man' becomes 'pete' ().
'run' becomes 'r' (cricket abbreviation).
'pete'+'r'='PETER'

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(Other definitions for peter that I've seen before include "-- Sellers, comic actor" , "and 14 dn Latest actor to play Doctor Who" , "Rock-like apostle" , "prison cell" , "foundation for church" .)

I've seen this clue in the Evening Standard.

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