Racket in decent condition put away (7)
I believe the answer is:
confine
'put away' is the definition.
'racket in decent condition' is the wordplay.
'racket' becomes 'con' (both can mean a scam).
'in decent condition' becomes 'fine'.
'con'+'fine'='CONFINE'
(Other definitions for confine that I've seen before include "Keep within limits" , "Shut in" , "Incarcerate" , "pen" , "Restrict (to an area)" .)