Waivers:
Team may not waive a player during the period beginning at 12:01 a.m. (CST) following that team's final game and ending at 12:01 a.m. (CST) on the first day of the free agent signing period.

Trades:
A trade is a transaction involving two or more teams resulting in the exchange of rights of a player(s). At no time may cash be involved in any trade. The trading period will begin on the Monday following ArenaCup -- and will end at 4:00 p.m. (CTS) on Wednesday, May 31, 2002.

Upon reporting to his new team, each traded player must pass the physical given by his new team. Failure to pass the physical and/or failure to report will nullify the trade.

Reserve Lists:
The reserve list of each team consists of the following categories: retired, refused to report, left squad, injured reserve, injured exemption, suspended, suspended by the Commissioner, exemptions, and physically unable to perform.

Injured Reserve:
A player who is placed on the injured reserve list must be deactivated for a minimum of two (2) weeks initially, and then week-to-week thereafter. Preseason weeks will not count against that total.

Teams activating players from their injured reserve list must do so no less than 24 hours prior to that team's game.