Players cut are available for claim by other franchises. After the deadline they will become FA.
To make a claim, post a reply stating what franchise wishes to claim the player (don't list a drop yet). If multiple claims are made for the same player, the lowest seed gets him.
You cannot claim a player you cut.
A full explanation of how any multiple claims posts are processed will be posted. The main thing with multiple claims is to post them in the order of priority you want them. Once a team gets a player off waivers that team would be dropped to last pick for the second and subsequent claims. So the last place team is guaranteed their first claim but 2nd and 3rd claims wouldn't.
On the DFHL site PLAYER INFO drop down menu, there's a selection for Waiver Wire that lists the available players with stats.