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"Rule 5 Draft Roster Rules
There are a number of roster rules relating to Rule 5 drafts:
A team that wants to select a player in the Rule 5 draft must have at least one spot open on its secondary roster.
A player selected in the Rule 5 draft must remain on the selecting team's active roster or disabled list for the entire season.
A player who was drafted in the Rule 5 draft can be waived. If he is claimed, then the player must remain on the claiming team's active roster for the remainder of the season.
A player selected in the Rule 5 draft can be traded. The team that receives the player must keep the player on its active roster for the remainder of the season.
A player selected in the Rule 5 draft must spend 90 days on the active roster. This rule prevents teams from picking players and then dumping them on the disabled list for an entire season to avoid using an active roster spot. This rule can extend into the following season if necessary."
In OOTP, you cannot waive a player selected in the rule 5 as the wiki states
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