The NBA has a lot of rules that a casual fan is not familiar with. One of these is the concept of player waivers. What does waiving a player mean in the NBA?
First off, you need to understand that an NBA team is only allowed to give contracts to a maximum of 15 players. If we do the math, there should be 450 roster spots in the league, although a team is not obligated to use up all 15 of these spots. They can fill up to 13 of those spots as allowed in the NBA. Now, how do these relate with the whole waiving a player thing? Please follow along.
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What We Review hide
I.What Does it Mean When a Player is Waived?
II.Why Do Teams Put Players on Waivers?
III.What Do NBA Players Do If They are Waived from Their Team?
IV.What Happens When a Player is Claimed Off Waivers?
V.Difference Between Released and Waived
VI.Difference Between Waiving and Buying Out
VII.How are Waived NBA Players Paid?
VIII.Wrapping Things Up: Waiving a Player in the NBA
How are Waived NBA Players Paid?
In the case of a straightforward waiving, the previous team would shoulder the responsibility to pay the remainder of the contract in case no one claims the player after 48 hours. If a team claims the player off waivers, they will now take on the contract and be responsible for it.
Buyouts are a little different. The contract with the former team is no longer valid, and they are now eligible to sign a new contract, most probably in the veterans minimum, with whatever team they choose to sign with.
Wrapping Things Up: Waiving a Player in the NBA
The NBA is a volatile world, as you would expect a billion-dollar business to be. The landscape can change in an instant, which is why many players often find themselves wearing another uniform or, worse, without a team in the middle of the season. Waiving a player serves both purposes for good, with the team opening up a roster spot while allowing the player to still be paid and play for another team that may need his services.
When a player is claimed off waivers by a team, that team will shoulder the responsibility of fulfilling the portion of the contract owed to the player. This is why it is infrequent that a waived player with a big contract is claimed off the wire. In these cases, teams often wait 48 hours, when the player is said to clear waivers.
As used in the NBA, being released or waived meant the same thing. A buyout, by definition, is different, but after being bought out, the player is still required to clear waivers before he can sign with a team of his choice. So technically, a player who is bought out is still released or waived.
Other forms of waivers are used in the NBA throughout many versions of the collective bargaining agreement or CBA. Two of these are called the stretch provision and the amnesty clause. Both are means for the teams to save teams from the cap hits of a large contract.
Generally, teams waive players or buy them out before March 1. Before March 1, all waived and bought out players are eligible to be included on postseason rosters. In doing this, teams are showing signs of goodwill, which often goes a long way on a team’s reputation with the rest of the league. This reputation comes in handy, especially in the pursuit of free agents as veterans often give a good word out for the fair treatment they have received.
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The waiver system is put in place because it works. We believe it will be here to stay. It creates a fair middle ground for both the players and the teams. For players, this makes sure that they get paid. For teams, a roster spot opened after waiving a player is invaluable, especially for a squad with real championship aspirations.