On the heels of a trade involving Dennis Schroder and Mike Muscala, it has been reported that the Atlanta Hawks plan to waive newly acquired forward Carmelo Anthony and he will not suit up for the organization. Anytime a player is released from his contract, they are placed on waivers for 48 hours to allow any other team to claim the player. If unclaimed, the player is no longer bound to their contract and free to negotiate with any other team.
The player also receives any guaranteed salary remaining on their contract. A team can claim a player on waivers with either cap space or a trade exception.