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).
Waivers (American football) A player who clears waivers and becomes a free agent is free to negotiate and sign a contract with any NFL club, and any NFL club is free to negotiate and sign a contract with such player. There is no penalty or restriction for signing a free agent who has cleared waivers. For example, Draft Choice Compensation between Clubs or First Refusal Rights of any kind, and signing period restrictions are not applicable.[2][needs update]