You are thick lol. 440 as in 440 pm. Here's reasons why players pass through waivers easily at the beginning of the season, as cited by the Athletic:
Contract limits, Salary cap and liking current players: At the beginning of the season teams have love-affair with their prospects, a majority of which will be tossed back to minors or juniors with ease after the shine has worn off. Contracts are already on the books, re-assigning them is easy enough and there is nothing added to payroll
Here's a Chayka quote.
“Teams are giving their kids a chance,” said one executive.
And teams tend to overvalue their own players. They’ve invested a ton in them – everything from a draft pick to years of development. They’re invested.
“There’s a bit of an endowment type of bias,” Chayka said. “They’re yours. You typically view them higher than the rest of the world. Some guys have a good preseason and you want to see the best in them. You want to give them a chance. A lot of teams want to give their own guy the benefit. It should still be an evaluation but it’s tough.”
Pretty similar to how we all act here when we get a "steal" in the late 2nd round, when that player never winds up being on an NHL roster or takes five years to get there.
Another point from the Athletic:
It’s often preferable to make a trade: One of the interesting side stories of last week’s waiver moves (or lack thereof) is that Ho-Sang cleared waivers and then requested a trade from the Islanders through agent Ian Pulver. On the surface, it looks like a complete misread of the situation from the player’s perspective. You just passed through waivers. Not a single team made the claim. Who is going to make a trade? But the reality is that teams would probably rather trade for a fringe NHL player than acquire them via waivers because it provides more flexibility. Had a team claimed Ho-Sang, they’d have to keep him on their roster for 30 days or 10 games before they can send him to the AHL. Otherwise, you’re basically just offering him back up to the Islanders when you put him on waivers to send him down.
“It’s only 24 hours. You have to put that player on your NHL roster. You can’t put him in the minors,” said an agent. “The team that just put him on waivers can claim him and send him to the minors. They have first dibs.”
If you trade for a fringe player, you keep your total contracts at the same number (assuming it’s one-for-one) and you can send him to your AHL team. We’ve already seen one player from that list last week go unclaimed and then get traded in Vancouver defenseman Alex Biega who was sent to Detroit in the middle of the night for minor league forward David Pope.
Do I think right now will Ho-Sang will be traded for a 7th? Of course not. Do I think he'll be traded for a 2nd? No. Do I think someone else may toss their "once-heralded, now nothing" prospect for Ho-Sang? Possibly.