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Waivers is a National Hockey League (NHL) labor management procedure by which an NHL team makes a professional ice hockey player's contract and rights available to all other NHL teams. Other NHL teams "waive" any claim to a player designated for assignment in the American Hockey League (AHL) or designated for release.
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 clear waivers, meaning they pass through the waiver period unclaimed, become free agents. [1] [2] Waiver claims are irrevocable. [1]
The rule was created in 1927 and refined in 1992. Since its most recent refinement in 2002, the rule states: [1] When a meeting, or part thereof, is held under the Chatham House Rule, participants are free to use the information received, but neither the identity nor the affiliation of the speaker(s), nor that of any other participant, may be revealed.
Clearing waivers means every other team in the NHL has the option to "claim" that player off of the "waiver wire", thus assuming his contract (and cap hit; this varies for re-entry waivers), and providing only minor monetary compensation to the originating team (unless the waivers requested were re-entry waivers); financial compensations are ...
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If more than one team claims the player during the waiver window, the team with the lowest win percentage has first priority. Once another team claims a player on waivers, they assume that players contract without the need to negotiate with the player's former club. Any player that clears the waiver window becomes a free agent. Waivers are not ...
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