When a contract is terminated it immediately makes the player a free agent and able to negotiate a new contract with another team. Often you will see this happen after a player comes of the injured reserve list. This is different than if a player is put on waivers. If a player is put on waivers and another team picks him up, the contract he signed with the team that waived him goes with him to the new team.
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'Waived injured' means the team is releasing the player but the player is injured. The team is responsible to pay the player until his injury has healed. This is usually done by reaching an agreement for a specific amount of money, called an injury settlement. Other teams are allowed to pick up players on the waived injured list but they are forewarned that the player is not in condition to play. Sometimes, if a player on the waived injured list is not selected by another team, the team will retain the player and place him on its injured reserve list.
It means that he becomes an unrestricted free agent(meaning that he does not play and can be signed by any team) and the team collects his salary money.
He was cut from the team and placed on the waiver list for other teams to pick up if they so desire.
This means the player was cut from the team. The player is placed on the 'waiver wire' and the other teams in the league are allowed to claim him for their team.
It means the player's services are no longer wanted by the team. The player is able to negotiate with other teams.