The waivers process is a 48 hours period in which teams can claim the waived/Bought-out player at his existing contract. If some team is interested in adding Murphy at his current salary of $11,968,253, they may do it as long as they have enough cap room to do it. Nobody does... actually, maybe some teams have large enough trade exceptions... but nobody will be interested anyway, so him clearing waivers is just a formality. In the case that one or more teams are interested, the one with the worst record gets the player.