I think NMC they can? Regardless though, if the writing is on the wall and it's a "don't let the door hit you on the way out" moment, would they WANT to stay?
A player with a no-move must be presented with the option to be put on unconditional waivers when being bought out, but the buy-out still goes forward if they say no. Players have 24 hours to decide when given this option.