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The system is what it is right now, but I just want to throw this in there right now: As far as THIS year goes, I think the order shouldn't be the team's records from last year, but the order in which we pick in the amateur draft. That makes a lot more sense to me for this particular year. ..... Of course after this year is over, it would go back to using the record.
Personally, I think the rule as it currently stands is a little fishy, but it is what it is for now. I think that it should be something like: Reverse standings is awarded the player they claim, but after they make their claim, the go to the back of the line.Then you can reset the waiver order back to reverse standings every month or so. It doesn't really matter to me anyhow. I'm not sure how they actually do it in real life either.
btw, I assume there are no revocable waivers in this league, right?