Waiver/Free Agency Question

Rookie Ottoneu player looking for help…

Here’s the scenario: I have really overpriced superstar on my roster. Everyone is right up against the cap and would have to make sizeable cuts to claim him off waivers if I released him. If I released him and he made it through waivers, when someone puts him up for auction again, am I able to bid? Like bid what I currently pay for him and then get him for the 2nd highest bid, depending on who else placed a bid? Or am I unable to try and reacquire him at all for the first 30 days until I can him up for auction again myself?

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You are not able to bid on a player you cut within the last 30 days. You also are not able to re-auction a player you cut until 30 days after you cut them.