Acronyms that contain the term waivers 

Waivers

Waivers is a National Football League labor management procedure by which a team makes an American football player contract or NFL rights available to all other teams. During the season, each team has 24 hours to file a claim for a player that another team has made available through the system or waive the right to do so. During the off season each team has several days to file such claims. Claiming teams are assigned the rights to or contracts via a priority system based on inverse order of record. Players that pass through waivers unclaimed become free agents. Waiver claims are irrevocable. As of 2008, according to the NFL collective bargaining agreement, if any waiver of a veteran player who has completed the season that gives him four years of service occurs between February 1 and the trading deadline in mid October, then that player shall be considered an unrestricted free agent by termination of his contract. NFL clubs are prohibited from contacting waived players until the player has been released by the club after passing waivers. As of 2008, at the conclusion of a season in which a veteran with four years of service is claimed via waivers, veterans with a no-trade clause in their contracts may declare himself a free agent. Any other veteran with four years of service can declare himself a free agent at the conclusion of the season subsequent to the season in which they were claimed on waivers if they remain under a claimed contract.

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