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In North American sports contracts, waivers is a type of player transaction. A player under contract to a team is placed on "waivers" for a specified period of time; during this time other teams may submit a claim for that player's contract.
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“The NCAA Division I Board of Directors granted a waiver to permit student-athletes who attended and competed at a non-NCAA school for one or more years to remain eligible and compete in 2025-26 ...
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Typically, a player is placed on waivers after being designated for assignment for the purpose of outrighting him to one of the club's minor league teams. A player who is outrighted to the minors is removed from the 40-man roster but still paid according to the terms of his guaranteed contract.
During the off season each team has several days to file such claims. Claiming teams are assigned the rights to or contracts via a priority system based on inverse order of record. Players that clear waivers, meaning they pass through the waiver period unclaimed, become free agents. [1] [2] Waiver claims are irrevocable. [1]
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