Waivers are the process by which owners can select from the pool of available players who are not on a team's roster in the league. They may have been undrafted or dropped by owners. Owners can put a claim for that player, but must wait a specified amount of time until the waiver clears. The team that puts a claim on a player and has the better waiver priority number (closest to 1) will receive the player when waivers clear. An option of having waivers turned off is available, as well. All available players not on waivers are considered free agents.
FREE AGENT / WAIVER ACQUISITIONS LIMIT
The league manager has the option of choosing the number of player acquisitions that a team is allowed through free agency or waivers during the season. This setting can be changed by the league manager anytime during the season.
No Limit -- Default setting. If selected, there is no limit to the number of players a team can add or drop.
None Allowed -- If selected, only the league manager can add players to teams.
Limited -- A specific number of transactions is selected (i.e., 5, 10, 15, 20). Once that number of transactions has been reached, the team will not be allowed to add any players.
If waivers are used, owners must wait until the time that a player spends on waivers elapses before the waiver claim is processed. If the player on waivers is not selected and the waiver period expires, he automatically becomes a free agent. This setting can be changed by the league manager at any time during the season.
No Waivers -- If selected, players will NEVER be moved to waivers. Rather, all available players are always free agents.
2 Days -- Default setting.
NOTE: If a player is dropped during the week (i.e., on Thursday afternoon), the player will be listed on waivers for the set length of total days set in your league rules. For example, suppose your waiver period is set for 1 day. This means the waiver will process at the next waiver processing that is at least a full 24 hours (1 day) later. So, if you drop a player at 8 p.m. ET on Thursday, your waiver will run on or about 3 a.m. ET Saturday morning -- the next scheduled running of waivers that is at least 24 hours past the time the player was dropped.
Any waiver claims which are pending at the time the waiver period rule is changed will be grandfathered and changed for players placed on waivers moving forward. Also note, in the case of players in an IR (Injured Reserve) roster slot, a team owner must take the player out of their IR slot and place in a bench slot before making a waiver transaction or aquiring a free agent which includes that player.
WAIVER SYSTEM (In-season): The waiver order during the season determines who has the first chance to claim a player on waivers.
Resets every Tuesday to inverse order of standings -- Default setting. The team in last place will be reset to first priority in the waiver order each week. The team in first place will receive the last waiver priority.
Move to last after claim, never reset order -- The team which makes the most recent pickup is automatically moved to the last slot.