Take a look at these rules and let me know if you have any questions.
First Year - Initial Start up Auction/Free Agency:
First Year Auction:
[*]Owners will participate in an auction draft to build their rosters in year 1.
[*]This auction will have proxy bidding.
[*]Owners must pay special attention not to exceed their salary cap ($500).
[*]The auction draft will be conducted when the league is filled.
[*]The initial auction in year 1 will include rookies for that year. A rookie draft will not be conducted in year 1.
[*]Owners are required to fill their 20 man active roster spots during the initial auction draft.
[*]At the beginning of the auction, each owner must nominate two players. The opening bid can be as low as $1. After your nominations, you are encouraged to raise bid on other players. However, you may NOT raise your own bids unless another team bids on it first.
[*]A player is won when an owner holds a high bid for 12 hours.
[*]After winning a player, you must place an opening bid on another player before raising other bids. This will keep the draft moving.
[*]Players won during the auction cannot be waived or traded until the auction is complete.
[*]Owners have until 10 days after the auction has concluded (official date to be posted on message board) to declare players contracts terms. These contracts must be posted on the league message board.
[*]The commissioner can, at his discretion, submit players into auction if the number of outstanding bids begins to fall. In those situations, he will try and put players out that, based on last year's fantasy stats are among the highest scoring players that still remain free agents. The commissioner also reserves the rights to adjust the nomination process, for the sake of regulating the audit tempo.
[*]When the team has filled their roster, they are unable to submit any further nominations. When all teams have filled their rosters, the auction is complete. At the final stages of the auction, the commissioner will likely ask that all remaining teams in the auction increase the number of players for bid, so that the auction can be completed in a timely fashion.
