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What are the differences between waivers and free agent acquisition budgets (FAAB)?

April 26, 2017acquisition agent budgets differences faab Free waivers

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What are the differences between waivers and free agent acquisition budgets (FAAB)?

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• Waivers – When players are dropped from teams, rather than immediately going to the free agent list, a player is placed on waivers for a period of 24 to 48 hours. All teams then will have an equal opportunity to claim the player. If multiple teams claim the same player, the team highest on the league’s waiver order will be awarded the player. • FAAB – The FAAB (Free Agent Acquisition Budget) allows all teams to bid for free agents. The team with the highest bid ($0 being acceptable) when our overnight FAAB process is run will be awarded the player. • Neither – If neither waivers nor the FAAB is used, any players released by their teams are immediately available as a free agent to be acquired by any team.