As soon as the draft ends, waivers will open, and run constantly every night. Waivers will process nightly around 7-9pm.
So, if the draft ends say 4pm, any waiver claims made that day will process that evening.
It's a blind bidding waiver system. You have $50,000 to last you the entire season. Minimum bid is $0, no maximum bid. But gotta be frugal because if you run out, mid-season, you can only do $0 bids.
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