The league will hold a waiver draft every season after the pre-season schedule is complete and before the regular season begins.
Each SICHL team will be allowed to protect 18 skaters and 2 goaltenders. Players 25 or under, and all players listed as "In The System" for a team, are exempt from the waiver draft and do not need to be protected.
The waiver draft will last two rounds. Beginning with the lowest ranked team from the previous season, each team will be given the option to select an unprotected eligible player. Upon selecting a player, the team selecting the player will be required to release a previously protected player, and that player may be claimed by any other team. No team may lose more than 1 goaltender in the waiver draft.