The July Trade Deadline is always made out to be such an important time when teams make moves to help them in the playoff race, and it is. However, as seen this year with the massive Dodgers, Red Sox deal, players still get traded through August. This is known as the waiver trading period, as most people know. However, a lot of people don't fully understand how it works, and that most players are placed on waivers (even King Felix) for various reasons. I didn't either for a long time, and it's not an easy thing to explain or understand.

Basically, before a player can be traded in August, he must clear waivers. What that means is that every team has the chance to "claim" him. If the player is claimed, the two teams have 48 hours to work out a trade, or the players original team can either pull him back, or let him go to the claiming team, who now has the rights to that player, and their contract. If a player clears waivers, he can then be traded freely to any team.