When a player is picked on waivers, he gets paid 5000 dollars right?
I heard this from somewhere, not sure. Is this true?
From Article 13 of the CBA:
13.7. Waiver Draft, Expansion Draft, Team Relocation. Any Player forced to move as a result of being claimed in a Waiver Draft, Expansion Draft or as a result of being claimed by a Club which has lost a Player through a draft claim, or as a result of a team relocation, shall be paid $5,000 by the Club to which he moves. (This payment shall not affect or be credited against "moving expenses" to which the Player might otherwise be entitled.)