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Continuous waiver question


Hey Everyone! I’m starting up a new league and have a question about continuous waivers and how they work. With continuous waivers I don’t think there will ever be FA’s so what happens if you find out you have a guy out on Sunday morning and need to fill a roster spot? If I understand it correctly you wouldn’t be able to add anyone until the Monday waivers get processed? Is that correct and if so is that standard?

Thanks for your help!