Posted by dschang on 2/28/2019 7:55:00 AM (view original):
how is designate for assignment with waivers different from just placing on waivers?
Yeah, I think this is something all owners need to be very clear about.
Waivers - the player remains on whatever roster he's on till he clears waivers or is claimed. He's exposed to the rest of the league. If he's claimed, the new team takes over the rest of his contract. If he clears waivers he can be removed from the 40-man roster, or if he's a major league player with no options left, he can be demoted.
Designate - the player is immediately removed from your 40. You have 30 HBD days to trade, release, or waive him. Waiver process is the same. Note that you do NOT have to designate to waive. Designate is most often used when you need the 40-man spot immediately.
Release - you immediately let the player go to free agency but his contract remains on your books for its entire duration. Any team which picks him up gets him for a prorated portion of his level's minimum salary.
Other conditions - if a player has more than 3 yrs MLB service time or has been previously outrighted (waived and demoted to minors) he can refuse demotion and choose free agency. And if a player has more than 5 yrs MLB service time he can refuse demotion and removal from the 40. You have to either keep or release him.