The Pittsburgh Pirates have requested outright release waivers on Nate McLouth. That means that McLouth has been released from the Pirates' organization. Another team can claim him on waivers, and assume the remainder of his contract. If no team claims him, he will be released and will become a free agent.
If another team signs him as a free agent, the Pirates would get salary relief for a pro-rated portion of the league minimum. If McLouth signed on June 5th, for example, that amount would be $317,377....
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