inliner311
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Good question. I've never seen an offer sheet matched and the player waived a week later.
I do know that after an offer sheet is matched, that player cannot be traded to that team for an entire year.
My guess if there is a loophole there it will get fix after we exploit it. It will probably be a one time deal especially since a role player exploited it. If a star like LeBron or CP3 who also has pull with the players association did it though, it would probably would stay open.