What happens to a player that passes through waivers?

When a player passes through waivers, it means that no other teams claimed him during the waiver period. Once this occurs, the player becomes a free agent. This status allows the athlete to sign with any team in the league that expresses interest in him, effectively giving him the freedom to pursue new opportunities. Waivers are a mechanism designed to give teams a chance to claim a player before he is released outright into free agency. If no team claims a player after he has cleared waivers, he is no longer tied to his previous team and can negotiate with any other team, making free agency the correct outcome in this scenario.