The idea sounds very nice on the surface.
The New England Patriots released wide receiver Josh Gordon from the roster on Thursday, which means the talented but oft-maligned star will be subject to waiver claims from other teams. In essence, a team like the Kansas City Chiefs could put in a claim and win Gordon for the price of whatever he was scheduled to earn ($2.025 million) prorated for the rest of the season.
In a vacuum, the most would be a nice boost for the Chiefs offense—not that there are really that many targets to go around as is.