what does it mean when a team waives a player nba
NBA salary cap NBA teams can release a player to the waiver wire, where he can stay for 48 hours (during the regular season). While he is on waivers, other teams may claim him, for his existing salary. If he is not claimed, he is said to have "cleared waivers", and is treated like any free agent, able to sign with any team (with the special restriction noted above for players who were traded and then waived).
Major League Baseball transactions Any player under contract may be placed on waivers ("waived") at any time. After MLB's July 31st at 4 pm trade deadline and through to the end of the season, a team must place a player on waivers if that player is to be traded.