Previously if you wanted to do FAAB for player transactions you could only process transactions one time each day and there was no free agency (first come first serve) period. It appears they've "fixed" it this year because now FAAB will only apply to players onw aivers and after they clear waivers they are FA's? at least that is how i read their FAQ and from what i can tell in the league settings as a LM
i'm glad they are finally doing FAAB this way
http://games.espn.go.com/ffl/resources/help/content?name=waivers-and-free-agency-custom
FREE AGENT ACQUISITION BUDGET
Bring the auction experience to the waiver wire! An option for both ESPN Custom and League Manager (LM) leagues in is Free Agent Acquisition Budget, or "FAAB". This waiver system is a blind auction open to every team within the league. League creators can select this option via a radio button in the "Transaction and Keepers" tab of the league setup process.
In an auction bidding environment, players who move to waivers after the league draft, players who are dropped, or players added to the player pool during the season become waiver-eligible for the timeframe set by the league creator. However, instead of placing a traditional waiver claim, an owner places a bid they feel is appropriate based on a player's value. The league creator assigns the pre-determined budget of each team for waiver bidding over the course of the season. During the auction waiver period, team owners may bid at any time before it expires. In an auction bidding environment, no player on the waiver wire is a Free Agent (FA). The bidding is an open process and there is no sequence for the bids. Team owners may bid at any time during the waiver period, before it expires. When a player clears waivers, the FAAB bidding ends for that player and they become a Free Agent (eligible for first-come, first-served pick-ups).
In the event of bids of equal amounts for a player by two teams (a tie), waiver order priority determines the winner of the player. During the waiver period, no team can see any other team's bids or bid amounts. All teams can view FAAB results after the waiver release time, either on the league home page or the "Free Agent Auction Report". Additionally, all teams can view other team budget balances on each team clubhouse and waiver order pages.
i'm glad they are finally doing FAAB this way
http://games.espn.go.com/ffl/resources/help/content?name=waivers-and-free-agency-custom
FREE AGENT ACQUISITION BUDGET
Bring the auction experience to the waiver wire! An option for both ESPN Custom and League Manager (LM) leagues in is Free Agent Acquisition Budget, or "FAAB". This waiver system is a blind auction open to every team within the league. League creators can select this option via a radio button in the "Transaction and Keepers" tab of the league setup process.
In an auction bidding environment, players who move to waivers after the league draft, players who are dropped, or players added to the player pool during the season become waiver-eligible for the timeframe set by the league creator. However, instead of placing a traditional waiver claim, an owner places a bid they feel is appropriate based on a player's value. The league creator assigns the pre-determined budget of each team for waiver bidding over the course of the season. During the auction waiver period, team owners may bid at any time before it expires. In an auction bidding environment, no player on the waiver wire is a Free Agent (FA). The bidding is an open process and there is no sequence for the bids. Team owners may bid at any time during the waiver period, before it expires. When a player clears waivers, the FAAB bidding ends for that player and they become a Free Agent (eligible for first-come, first-served pick-ups).
In the event of bids of equal amounts for a player by two teams (a tie), waiver order priority determines the winner of the player. During the waiver period, no team can see any other team's bids or bid amounts. All teams can view FAAB results after the waiver release time, either on the league home page or the "Free Agent Auction Report". Additionally, all teams can view other team budget balances on each team clubhouse and waiver order pages.