Not exactly. This one did not have clips. This rough drawing is looking down on the top of the rack (blue chalk on the cue of course). The white rectangles show the position of small, round, white tubes (looked kinda like little ferrules). The red indicates small springs. When you put the cue into the rack, the white tubes were pushed back, allowing the cue to rest against the back of the cutout. The cutout was deep enough that when the cue was inserted, the tubes snapped back into place, as shown, preventing the cue from falling out. To remove a cue, you simply pulled on it, and the tubes moved forward, you extracted the cue, and the tubes snapped back into place.
I hope I've made sense (my wife says that seldom happens, but what does she know?).
View attachment 97623