Is This Accurate? Can Chacon Be Terminated Without Pay?

This can't be right----ESPN Story. The Associated Press is reporting that Shawn Chacon has

been released by the Astros and if "he isn't claimed by another major league team by Monday, waivers will expire and his contract will be terminated without pay." The Astros have every right (some would argue a duty) to release Chacon after the incident with GM Ed Wade, but I don't think they can just not pay him without a hearing of some kind. He has a contract and while there are morals clauses in every contract, it's really hard to get out from paying a veteran player with a guaranteed contract. No matter what Chacon did, the Players Association isn't going to let this go if it's in fact accurate and I find it hard to believe that it is.