What does it mean for NBA player to clear waivers?
What does it mean for NBA player to clear waivers?
In the NBA, a team can release a player from the roster at any time, when this is done they are placed on unconditional release waivers. This means they have "cleared waivers" and their old contract is paid by the team that released them depending on specifics in their contract.
What happens when a player is placed on waivers?
Players may be placed on waivers at any time. Teams may claim any waived player during the first three days after being placed on waivers. Once a player is claimed, the player's current team may either negotiate a trade, rescind the waiver, or do nothing and allow the claiming team to assume the player's contract.
What is waived in NBA?
A player is waived by a team means he is released by the team without any trade in which that player is involved. He will have some years left in his contract . If a team signs him within a specific period of time then they will pay him his remaining contract (this rarely happens).