Waite was one of the highest-rated goalies in the late 1980s and many scouts believed he had the potential to become a star. He was named the best goaltender at the 1988 World Junior Ice Hockey Championships and was also named to the tournament all-star team as Canada won the gold medal. He was selected by the Chicago Blackhawks in the 1987 NHL Entry Draft; the Blackhawks were already deep in goal with both Ed Belfour and Dominik Hašek (although Hasek could not come to North America without defecting at the time). While Waite received the bulk of the starts in the backup role to Belfour for Chicago, with Hasek playing just 25 games in 2 seasons, Waite did not exhibit strong skills and was later sent to the San Jose Sharks, and eventually the Phoenix Coyotes. After 2001, Waite played the rest of his career in Germany, playing six years for ERC Ingolstadt in the Deutsche Eishockey Liga and signed in January 2010 for Nürnberg Ice Tigers.