Wayte graduated from the University of Florida with a bachelor's degree in telecommunications in 1989. She retired from competition swimming following the 1988 Olympics, and worked as a fund-raiser for the International Swimming Hall of Fame. She became a celebrity promoter and endorsed products and services on behalf of Alamo Rent a Car, the National Spa and Pool Institute, and Speedo. She later worked as a television broadcaster for the Sports Channel network, covering NCAA and international swimming competitions and interviewing fans at NBA games. For the 1992 Summer Olympics in Barcelona, Spain, Wayte worked as NBC's women's swimming color commentator, and later covered the NCAA women's swimming championships for ESPN. She also served on the U.S. Olympic Committee's athletes advisory council.