'86 Live Draft waiver question?

During the live draft there was no salary cap so now the waiver period is going on. How is this going to work if so many of the teams in the draft went over the 80 million salary cap? Are those teams going to have any right to waivers at all? The waiver period ends tomorrow at 5 Eastern.
Can somebody give me a clue?
Thanks.
Can somebody give me a clue?
Thanks.