How MLB trades work after the non-waiver deadline

The non-waiver trade deadline has come and gone, but players can still be traded – it's just a bit more complicated.
In order to be traded after July 31, a player must clear revocable waivers. Waiver priority is determined by reverse standings (worst to best record) and the player's original club has three options if a claim is placed:
- Make a trade with the club that made the claim within 48 hours.
- Let the player go to the claiming team with no return and the new team responsible for all money remaining on his contract.
- Pull the player off waivers.
If a player clears waivers, he can be traded to any club – though all players on 40-man rosters must clear waivers before being dealt.
The Aug. 31 deadline represents the last day that a player can be acquired and be eligible for a team's postseason roster. Trades can still occur in September, but any players acquired after the deadline would not able to play in the postseason.
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PHOTOS: MLB trade deadline tracker