Just because the July 31 trade deadline has passed doesn’t mean teams can’t still get deals done. It just gets a little more complicated, as players now have to pass through waivers first. In years passed a lot of deals didn’t happen because teams could afford to take on the salary of the player and claim the player off waivers. Here we are in an economic financial crisis, and most teams are looking to cut salaries and so this will make it easier to pass players through waivers. I will explain some of the key bullet points on how this works.
Any player can be put on waivers by his team at any time during the season, and the player does not have to be informed.
Other teams have the opportunity to make a claim on the player during a 47 hour window.
If the player is claimed, the team that placed him on waivers has the option of pulling him back.
If the team pulls him back they can’t trade him for 30 days.
If his team decides not to pull him back the GM has several choices in what to do next.
- The team can just simply dump the player and his salary on the team that claimed him, and get nothing in return.
- The team can work out a trade with the team that claimed him. However if there is a player involved in the trade who is on a 40 man roster, the player must go through waivers first.
- No one claims him, and his team is free to trade him to any team.
- If more than one team places a claim on a player, the winning claim is awarded based on worst record or the league the claiming team is in.
I hope this clarifies the common confusion surrounding the August trading rules. Questions?