Standard leagues (Free and Prize Eligible) use the following method for determining which team has priority in waiver claims.
Move to last after claim, never reset order - The team which makes the most recent pickup is automatically moved to the last slot.
Waiver claims can be made at any time before the player clears waivers. Any player who is dropped within 24 hours of a game start is not available to be added to a team roster, and will appear on waivers 8 hours after being placed on waivers.
Waivers process (execute) daily beginning at 3 a.m. ET.
WAIVER SYSTEM (In-season)
In League Manager (LM) and ESPN Custom Leagues the waiver order during the season determines who has the first chance to claim a player on waivers.
Move to last after claim, never reset order The team which makes the most recent pickup is automatically moved to the last slot.
HOW THE WAIVER ORDER IS DETERMINED AFTER AN AUCTION DRAFT
The team with the most money remaining after auction draft is complete will get the "better" waiver position. If two or more teams are tied with money remaining, the team that finished their roster first will get the "better" waiver position.