Waiver Period

[Bankshot]

Can someone tell me how long after a player is waived can they be signed by another team, and is being waived and bought out the same thing?

I'm asking because now that KG is hurt, we could use someone NOW.  Might have still one last night if we had some more help, or if they hit their free throws .

If we sign Mikkie Moore now, can we waive him to sign Joe Smith if or when he becomes available?

[Roy Hobbs]

It takes 48 hours from the time a player is waived for them to be eligible to be signed by another team.  I'm assuming that a player needs to be formally "waived" during business hours, whatever those might be for the NBA offices.  The caveat to this is that if a player is traded away from his team, and is waived by his new team, then he must wait 30 days to sign with his original team.

Being waived and being bought out are similar.  Players who are waived are entitled to recovery the entire guaranteed amount of their salary; players who are bought out can recover that amount which they and their team have agreed to.  In both instances, players are subject to waivers, and must wait 48 hours to sign with their new team.

We could sign and waive any player that agrees to a contract, although that's not always the best way to do business with players and their agents.  Another alternative is signing a player to a 10-day contract, which would then be allowed to expire.  It's unlikely that any of the quality players on the market would agree to a 10-day contract, but you never know.

[Bankshot]

Thanks, Roy.  I knew you'd have the answer.  Very thorough too.

Would be nice to get Moore on a 10 day contract until Smith becomes available and if he doesn't, we keep Moore.  But like you said, probably not the best way to do business.