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Waivers is a National Hockey League (NHL) labor management procedure by which an NHL team makes a professional ice hockey player's contract and rights available to all other NHL teams. Other NHL teams "waive" any claim to a player designated for assignment in the American Hockey League (AHL) or designated for release.

Do Waived Players Still Get Paid? In the NBA, a player's full contract is still paid even after they are waived. The team that initially waived them, however, is no longer liable for covering the remainder of their salary if another team subsequently claims them off waivers.

If no team claims a player off waivers after three business days, the player has cleared waivers and may be assigned to a minor league team, traded (to any team), or released outright.

Used to describe a process by which a player is removed from a team and is made available to be chosen by other teams. He was placed on waivers.

Waiver Overview Waivers process daily sometime between 3 am to 5am ET. Once that time has passed, they either clear waivers, meaning no one has claimed them, or they enter the free-agent pool. The unclaimed players can now be acquired on a first-come, first-serve basis, without affecting your team's waiver position.

Used to describe a process by which a player is removed from a team and is made available to be chosen by other teams. He was placed on waivers.

The company wouldn't likely want to accept responsibility if something went wrong, so the liability waiver would make it clear to you what risks you're accepting before you take the leap. Disclaimers are statements that specifically outline the scope of responsibilities and obligations that one party has for another.

Players that clear waivers, meaning they pass through the waiver period unclaimed, become free agents. Waiver claims are irrevocable. NFL clubs are prohibited from contacting waived players until the player has been released by the club after passing waivers.

In both situations, the party seeking to set aside a waiver must show that the waiver was obtained by fraud or overreaching, was the product of misrepresentation or misconduct, or that newly discovered evidence, clerical error or other sufficient cause justifies revocation.

If no team waives a claim on the player then they are said to have ?cleared waivers?. This means that no other teams tried to acquire you while on waivers and the player is a ?free agent.?