What's the difference between waive and renouce? I saw Loren Woods was waived by Rockets while Shaun Livingston was renouced by LAC. Thanks in advance.
Waived players are under contract. Renouncing a player is refusing to pick up some sort of option, usually referring to restricted free agents who are not offered a tender offer.
i say we pick up Livingston and give him another shot, i think he is a great point guard that never reached his full potential because of his devastating injury in LA
Renouncing a player usually happens when his contract is up. By renouncing his contract, you are giving up his bird rights and taking him completely off your payroll.
another thing to add is waived player contracts still count against your team salary (see Matt Maloney). So players are waived mainly to make a roster spot. Renounced players have the option year removed from your cap (see Maggette). So, in practice, sometimes you help yourself by renouncing once a player to get under the cap. fwiw: you can renounce your exceptions, too. Until you renounce them, they count against your cap, whether you use them or not.
I think we should at least wait another year before evening offering him a contract because that image of the injury still haunts me
