Blind Bidding (BBid) league's waivers are processed on Tuesday Night, Midnight Pacific. At the beginning of the season, all teams are given $100 in Bidding Bucks (not real money). To pick up a player off waivers, you must put in a bid. The team that has the highest bid for that player will get him. Since this is a blind bidding process, no one knows what the others are bidding. Once all the bids are processed, waivers will be first-come-first-served until kickoff. The FCFS waivers do not cost any bidding bucks. Other rules are as follows :
Bid minimum is $0.
If you win the bid at $33, and the next highest bid was $21, you still pay $33 for your player.
If there is a tie bid, the player is awarded to the team with the worst record. 2nd tie-breaker is lowest total points, then random.
The website will allow you to enter a player to drop and then a list of players to bid on.
You are allowed to enter multiple lists of players for each roster positions you would like to fill. (like predrafting).
Your top players bid at each position can exceed your total bidding bucks available. The computer will limit your second (or 3rd...) player's bid to the max bidding bucks available if your bids exceeded your available funds.
Bidding bucks are tradable, but do not carry of to the next year.
New for 2004. When a player is cut by a team, that player is placed on 24 hour hold. During the 24 hold period, any team may place a Blind Bid waiver request for him. At the end of 24 hours, the computer examines all waiver requests for that player and awards him to the highest bidding team. If no one claims him, after the 24 hours is complete, he is added to the waiver pool and is available for immediate pickup. (The 2003 year rules had players be unavailable for the entire week.)