What occurs to a player's contract if they are released before trade deadline?

When a player is released before the trade deadline, they typically go through a waivers process. This means that their contract is not immediately canceled. Instead, the player is placed on waivers, allowing other teams in the league the opportunity to claim the player and take over their contract. If a team claims the player, the claiming team assumes the existing contract obligations.

If no team claims the player off of waivers, then the player becomes a free agent, at which point they can sign with any team. Understanding this process is crucial, as it affects the player's options and the timing of their ability to join another franchise. The notion of being placed on waivers is an important aspect of roster management and player movement in the NFL, particularly in relation to contract obligations and team strategy during the season.