Ok so I just thought id ask really quickly since i see it popping up everywhere about how we get dibs on waivers or what not...all i know is b/c we were sorry last year we have priority on all waivers i guess...but How do waviers work?
Also its worth noting that you only have the highest waiver priority once, once you use it to claim a player off waivers you go back to having the last, you don't get the highest priority on any player you want all off-season...Which is why teams don't claim players too often unless its a guy they really covet, majority of the time they clear waivers and sign as a Free Agent.
Here's a link regarding players with four years of service (i.e., waivers vs. free agency.)
http://www.nflplayers.com/user/template.aspx?fmid=181&lmid=231&pid=548&type=c
I'll see if I can find one regarding waiver order (remaining first vs. going to the end of the line if you claim somebody.)
As far as compensation goes, I'm pretty sure the team that gives up a player gets nothing (it was their decision to cut him) although the team that makes the claim may have to pay a nominal fee to the NFL.
That's true, very good point. For players subject to waivers (less than four years service, or veterans waived after the trading deadline) and claimed through waivers, the new team takes over the old contract. However, if nobody makes a waiver claim, then he is treated like a vested veteran or an undrafted free agent; in other words any team can sign him to any contract; the old contract is over and done.there is no compensation to the team that releases the player....the new team is responsible for the players current (or old) contract.
one additional note.....there is a certain point during the season that all released players go on waivers, regardless of experience.