So, it's 24 hours now to pass through waivers and then the eligible players can be added to practice squads ... is that correct?
ETA: found this ...
excerpt from 2006 NFL Record and Fact Book
WAIVERS
The waiver system is a procedure by which player contracts or NFL rights to players are made available by a club to other clubs
in the League. During the procedure, the 31 other clubs either file claims to obtain the players or waive the opportunity to do so—
thus the term “waiver.” Claiming clubs are assigned players on a priority based on the inverse of won-and-lost standing. The
claiming period is three business days from the beginning of the League Year through the last business day before July 4, and
24
hours after July 4 through the conclusion of the regular season. If a player passes through waivers unclaimed, he becomes a free
agent. All waivers are no recall and no withdrawal. Under the Collective Bargaining Agreement, from the beginning of the
waiver system each year through the trading deadline (October 17, 2006), any veteran who has acquired four years of pension
credit is not subject to the waiver system if the club desires to release him. After the trading deadline, such players are subject
to the waiver system.
ACTIVE/INACTIVE LIST
The Active/Inactive List is the principal status for players participating for a club. It consists of all players under contract
who are eligible for preseason, regular-season, and postseason games. Teams are permitted to open training camp with no more
than 80 players under contract and thereafter must meet two mandatory roster reductions prior to the season opener. Teams
will be permitted an Active List of 45 players and an Inactive List of eight players for each regular-season and postseason game.
Provided that a club has two quarterbacks on its 45-player Active List, a third quarterback from its Inactive List is permitted to
dress for the game, but if he enters the game during the first three quarters, the other two quarterbacks are thereafter prohibited
from playing.
Teams also are permitted to establish Practice Squads of up to eight players who are eligible to participate in
practice, but these players remain free agents and are eligible to sign with any other team in the league.
August 29.....................Roster reduction to 75 players
September 2.................Roster reduction to 53 players
September 3.................Teams establish a Practice Squad of up to eight players
In addition to the squad limits described above, the overall roster limit of 80 players remains in effect throughout the regular
season and postseason. The overall limit is applicable to players on a team’s Active, Inactive, and certain Exempt Lists, players on
the Practice Squad, and players on the Reserve List as Injured, Physically Unable to Perform, Non-Football Illness/Injury, and
Suspended by Club.