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When a player is waived, their remaining salary which in the NBA is guaranteed if a player sticks on his team past Jan. 10 remains on the books for their original team. If a player is especially motivated to leave his current situation, they can forfeit salary in order to make a buyout more appealing for the team.
Waived is a term used to describe when a team wants to release a player before their contract is over. The team still has to pay the player the guaranteed money from the contract but will open up a roster spot to find other players. A team must have enough cap space to take on the player's contract to be considered.
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).
When a player is waived, their remaining salary which in the NBA is guaranteed if a player sticks on his team past Jan. These deductions in some cases a player's original salary can be cleared outright if that was the agreement made happen once the player clears waivers.
Teams can sign players to Two-Way contracts, turn a Two-Way contract into a standard NBA contract or convert certain standard NBA contracts into a Two-Way contract. Teams can waive players or claim players waived by other teams.
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 not then he will be given his old salary by the team that waived him. At the point he is waived and clears waivers, he is eligible to sign with any team.
Waivers is a 48-hour period where teams are allowed to bid on a player's contract, and if they win the bid, that player no longer enters unrestricted free agency. If another team claims a player off waivers and wins the bid, they assume the remainder of his contract and the original team clears him off their payroll.
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