We use the waiver wire only to allow people to dump players they do not want. Basically, post a player to the wire if you want someone to take them off your hands (for free - new team assumes the salary). once posted, they cannot be removed for some period of time, and once claimed they have to be transferred.
I play in another league that requires waivers for every player demoted to AAA, and it really limits your ability to modify your rosters and actually play the game (I have to plan all changes two sims in advance). Players claimed off waivers are almost always removed from waivers by the original team rather than transferred, so there is almost no point in wasting time looking at the waiver wire. In my league, we wanted to avoid the hassle of having to always post players before making any changes to your rosters, and yet have some way to give away players that are rotting on your team. Few players get posted to the waiver wire, and few get claimed, but some players have been claimed and transferred in this way.
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Charles Fox
Commissioner
New World Fantasy Baseball
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