Post by Oregon Three Lions of Madison on Jan 15, 2015 21:11:02 GMT
OFFICIAL AUCTION RULES:
Start date: Sunday Feb 1st @ 10 am est(Tentative)
how it works:
-This is a slow auction completed over multiple days. The auction is run by posting player threads to put a player up for bidding.
-To bid you reply on the player thread with your bid amount.
-To win a player your high bid must stand for 24 hrs. Once a player is won they will be added to your roster and the winning bid is their base salary.
-You must always have enough cap room to cover your current roster, any bids you are winning, and open roster spots you would need to fill(400K/spot)
ROSTER LIMTS
-you will have to have a roster of 25 players once the auction is complete and you may not bid on players that would put you over the this limit.
Auction Details:
--Minimum Bid:$400,000 - which is the league minimum salary.
--Minimum bid increments: $250,000
--Winning Players: your high bid must stand for 24 hrs.
--Just like the initial auction you are bidding on the players base salary and you may not assign years until the auction is complete.
EXAMPLE: Team a has 12 mill in salary cap space. They win a player at 3 mil. - they would treat it as a one year salary and now have 9 mil in cap space.
Player pool:
Anyone with 130 AB/50 IP or greater
Team funds: You have your teams salary cap space to bid with
Nominating Players: Each team may nominate 1 player at a time. When a player you nominated is won you may nominate a new player. You do not have to bid on a player that you nominate.
***There should never be more than 20 players up for auction at once.***
Assigning Years: Years will be assigned after the auction is completely over. Do not adjust years or base salaries until it is over.
You may assign contract from 1-5 years as you see fit --however, extremely unbalanced teams will not be allowed; example: all 1 yr or all 5 yr deals. That goes against the spirit of the league.
PENALTIES:
Watch your bids. There is not a way to auto-calculate how much money you have left to bid with or how many high bids you have out at once. Therefore it is up to each manager to bid responsibly and to know how much money they have spent and how much they have dedicated to winning bids.
1. If you are caught bidding with more money than you have to bid with you will receive a penalty. REMEMBER TO TAKE INTO ACCOUNT: MONEY GOING TO PLAYERS YOU HAVE WON, ALL HIGH BIDS YOU HAVE OUT THERE, AND YOU HAVE TO AT LEAST HAVE THE MINIMUM AMOUNT TO GIVE FOR EACH OPEN ROSTER SPOT YOU HAVE.
1ST OFFENCE = $ 500k PENALTY
REPEAT OFFENCE = $1 MILLION PENALTY
This is a non-negotiable rule. you need to know your cap and bid responsibly. you have the excel sheet, use it!
2. Over nomination - each owner can nominate 1 player at a time.
This is also hard to track so don't abuse it. If you make a mistake once fine but If you are abusing this rule you will be fined.
each offense of excessive nomination: $500K
(If in a rare case a team receives a penalty and the fine would make it impossible to fill out their roster, instead of a cap hit they would not be able to bid anymore until the auction is over and then they would select leftover players not bid on and sign them at the league min to complete their team.)
Auction mistakes:
If there is a mistake made with an auction for a player or a duplicate auction for an individual player; the player thread will be reset. There is not a great option for when auction mistakes happen, but this is what i have found to be the most fair. AGAIN, PLEASE BID CAREFULLY!!!
***WATCH YOUR BIDS. YOU SHOULD NEVER HAVE MORE MONEY OUT ON BIDS THAN YOU DO REMAINING MONEY. REMEMBER TO TAKE INTO ACCOUNT: MONEY GOING TO PLAYERS YOU HAVE WON, ALL HIGH BIDS YOU HAVE OUT THERE, AND YOU HAVE TO AT LEAST HAVE THE MINIMUM AMOUNT TO GIVE FOR EACH OPEN ROSTER SPOT YOU HAVE.DO NOT GO BID CRAZY AND BID ON EVERYONE AT ONCE***
Start date: Sunday Feb 1st @ 10 am est(Tentative)
how it works:
-This is a slow auction completed over multiple days. The auction is run by posting player threads to put a player up for bidding.
-To bid you reply on the player thread with your bid amount.
-To win a player your high bid must stand for 24 hrs. Once a player is won they will be added to your roster and the winning bid is their base salary.
-You must always have enough cap room to cover your current roster, any bids you are winning, and open roster spots you would need to fill(400K/spot)
ROSTER LIMTS
-you will have to have a roster of 25 players once the auction is complete and you may not bid on players that would put you over the this limit.
Auction Details:
--Minimum Bid:$400,000 - which is the league minimum salary.
--Minimum bid increments: $250,000
--Winning Players: your high bid must stand for 24 hrs.
--Just like the initial auction you are bidding on the players base salary and you may not assign years until the auction is complete.
EXAMPLE: Team a has 12 mill in salary cap space. They win a player at 3 mil. - they would treat it as a one year salary and now have 9 mil in cap space.
Player pool:
Anyone with 130 AB/50 IP or greater
Team funds: You have your teams salary cap space to bid with
Nominating Players: Each team may nominate 1 player at a time. When a player you nominated is won you may nominate a new player. You do not have to bid on a player that you nominate.
***There should never be more than 20 players up for auction at once.***
Assigning Years: Years will be assigned after the auction is completely over. Do not adjust years or base salaries until it is over.
You may assign contract from 1-5 years as you see fit --however, extremely unbalanced teams will not be allowed; example: all 1 yr or all 5 yr deals. That goes against the spirit of the league.
PENALTIES:
Watch your bids. There is not a way to auto-calculate how much money you have left to bid with or how many high bids you have out at once. Therefore it is up to each manager to bid responsibly and to know how much money they have spent and how much they have dedicated to winning bids.
1. If you are caught bidding with more money than you have to bid with you will receive a penalty. REMEMBER TO TAKE INTO ACCOUNT: MONEY GOING TO PLAYERS YOU HAVE WON, ALL HIGH BIDS YOU HAVE OUT THERE, AND YOU HAVE TO AT LEAST HAVE THE MINIMUM AMOUNT TO GIVE FOR EACH OPEN ROSTER SPOT YOU HAVE.
1ST OFFENCE = $ 500k PENALTY
REPEAT OFFENCE = $1 MILLION PENALTY
This is a non-negotiable rule. you need to know your cap and bid responsibly. you have the excel sheet, use it!
2. Over nomination - each owner can nominate 1 player at a time.
This is also hard to track so don't abuse it. If you make a mistake once fine but If you are abusing this rule you will be fined.
each offense of excessive nomination: $500K
(If in a rare case a team receives a penalty and the fine would make it impossible to fill out their roster, instead of a cap hit they would not be able to bid anymore until the auction is over and then they would select leftover players not bid on and sign them at the league min to complete their team.)
Auction mistakes:
If there is a mistake made with an auction for a player or a duplicate auction for an individual player; the player thread will be reset. There is not a great option for when auction mistakes happen, but this is what i have found to be the most fair. AGAIN, PLEASE BID CAREFULLY!!!
***WATCH YOUR BIDS. YOU SHOULD NEVER HAVE MORE MONEY OUT ON BIDS THAN YOU DO REMAINING MONEY. REMEMBER TO TAKE INTO ACCOUNT: MONEY GOING TO PLAYERS YOU HAVE WON, ALL HIGH BIDS YOU HAVE OUT THERE, AND YOU HAVE TO AT LEAST HAVE THE MINIMUM AMOUNT TO GIVE FOR EACH OPEN ROSTER SPOT YOU HAVE.DO NOT GO BID CRAZY AND BID ON EVERYONE AT ONCE***