What are waivers?
It’s a temporary status for players who are released by their team. A player released between August 15th and the end of the regular season stays on waivers for 48 hours. A player released at any other time stays on waivers for seven days. During the waiver period other teams may claim a waived player. If more than one team tries to claim the player, the team with the worst record gets him. If a player on waivers is claimed, the new team acquires his existing contract and pays the remainder of his salary. There is also a fee of $1,000, payable to the league office, for claiming a waived player. A team can claim a waived player only if one of the following is true: • The team is far enough under the salary cap to fit the player’s entire salary. • The team has a Disabled Player exception for at least the player’s salary (see question number 19). • The team has a Traded Player exception for at least the player’s salary (see question number 69). • The player’s contract is for one or two se
