waivers in sports

In sports, waivers are legal documents or processes that allow teams or leagues to relinquish or transfer certain rights over a player. They often involve releasing a player from a team or allowing another team to claim the player. When a player is placed on waivers, other teams have the opportunity to assume their contract. If no team claims them, the player can be assigned to a different team’s roster, such as a minor league or practice squad. Waivers help manage rosters, control player movement, and ensure transparency in transactions.