Post by Crestmount (Colts) on Jan 17, 2013 4:34:56 GMT -5
Initial Draft:
The inaugural draft auction will be conducted through our MFLsite -- www26.myfantasyleague.com/2012/home/75187#0
The minimum starting bid for all auctions shall be $0.1, with minimum bid increment being $0.01.
The auction shall be in proxy format with an 24 hour clock on each player.
There shall be 32 players up for bid at a time.
After the 24 hour clock on a player expires, the team with the highest bid has won the player. The amount that a player is won for shall become the player’s salary for a minimum of 1 season and maximum of 4 seasons.
Teams may not waive or cut players from their roster until both the inaugural auction and the inaugural rookie draft have concluded. The only exceptions to this rule are if a drafted player files his retirement papers with the NFL or passes away, at which point that player may be released without penalty.
Once advised by the Commissioner, each GM will nominate 1 player from their real life team. Once all GM's have nominated a player, the Commissioner shall give all GM's 48hrs notice for the auction to commence. Once that 48hrs notice expires all GM's will be able to bid on any player currently nominated. All subsequent nominations shall be made on a first come, first serve (FCFS) basis via the auction bid on the MFL site. A team may nominate one new player at a time when a player comes off the board; a team shall not nominate more than one player at a time.
The Jagoff Rule (Inuagural Auction-Specific Version): Any conduct during the inaugural auction deemed by the Commissioner to be detrimental to the inaugural auction or the league is subject to Commissioner's sanctions without prior warning. This conduct includes nominating multiple players at the same time via tabbed browsing or other means, overly excessive bidding, bidding on players who can no longer be reasonably afforded due to lack of cap space, or doing anything else that wreaks havoc, reeks of buffoonery or causes trouble. Repeated offenses will incur increasingly severe sanctions and may result in an owner's removal from the league. In other words, don't be a jagoff and you won't get smacked.
Once a GM has successfully acquired a player he/she will have until the beginning of the pre-season to decide length of contract. Minimum length contract will be 1 year while maximum length contract shall be 4 years.
If an owner makes any kind of bidding mistake, the owner should post IMMEDIATELY on Proboards (so there is a permanent record of the request that has exact time of the post) and also in the chat rooms to let people know. Upon notification of a bid mistake, the Commish will review the time of the post and will restart the auction (if it was a player who was already on the board) or delete the auction (if the wrong player altogether was nominated).
An owner may not request that a bid be revoked if the request is not made within a very short time (i.e. no more than a few minutes) after the bid is posted; it is each owner's responsibility to ensure their bids are correct.
If an owner has let more than a few minutes pass before asking for a bid revocation, the revocation is subject to a TAB vote.
If an owner repeatedly asks for revocations because they are making a lot of typos, their revocation requests may be subjected to a TAB vote at the discretion of the Commissioner.
To sum up: if an owner makes an honest bidding mistake and reports it right away, they're fine. Late reporting or repeated mistakes by the same owner will result in TAB votes on whether to allow the revocation.
If a players is not put up for auction, that player will automatically be classified as a Free Agent.
No player acquired through the inaugural auction draft will be eligible for a RFA contract
Proxy Bidding:
The easiest way to explain proxy bidding is through an example.
In a traditional auction, with an 24 hour clock (like our clock will be), I nominate Ryan Leaf for $5. If someone bids $5.1 on him, the clock will reset back to 24 hours. In a proxy bidding system, if I nominate Leaf at $5, he will start at $0.1 and only go up if someone bids more than that. So say another team likes Leaf and bids $4 on him. Since I had a max bid of $5, I will still be the leader on Leaf but will now have him at $4.1 and the clock will still be counting down.
Now suppose someone really likes Leaf and bids $10 on him. They will now be the top bidder on Leaf at $5.1 and the clock will reset to 24 hours.
So in proxy, the clock will only reset if someone raises higher than the current highest maximum bid.
Nominating Players for Auction on MFL:
To nominate a player on MFL, you can go to the bar at the top of the page and under 'For Owners' go down and click 'Auction Bid'. At the bottom of this screen you can select a player from a drop-down menu and a bid on the player. The minimum salary for a player in this league is $0.1 and the minimum raising increment is $0.01.
A player was just won, can I nominate another now?
Yes. Nominations in the veteran auction are on a first come, first serve basis. That being said, please be mindful of others and let everyone have a chance at nominating if you have already nominated multiple players recently.
The inaugural draft auction will be conducted through our MFLsite -- www26.myfantasyleague.com/2012/home/75187#0
The minimum starting bid for all auctions shall be $0.1, with minimum bid increment being $0.01.
The auction shall be in proxy format with an 24 hour clock on each player.
There shall be 32 players up for bid at a time.
After the 24 hour clock on a player expires, the team with the highest bid has won the player. The amount that a player is won for shall become the player’s salary for a minimum of 1 season and maximum of 4 seasons.
Teams may not waive or cut players from their roster until both the inaugural auction and the inaugural rookie draft have concluded. The only exceptions to this rule are if a drafted player files his retirement papers with the NFL or passes away, at which point that player may be released without penalty.
Once advised by the Commissioner, each GM will nominate 1 player from their real life team. Once all GM's have nominated a player, the Commissioner shall give all GM's 48hrs notice for the auction to commence. Once that 48hrs notice expires all GM's will be able to bid on any player currently nominated. All subsequent nominations shall be made on a first come, first serve (FCFS) basis via the auction bid on the MFL site. A team may nominate one new player at a time when a player comes off the board; a team shall not nominate more than one player at a time.
The Jagoff Rule (Inuagural Auction-Specific Version): Any conduct during the inaugural auction deemed by the Commissioner to be detrimental to the inaugural auction or the league is subject to Commissioner's sanctions without prior warning. This conduct includes nominating multiple players at the same time via tabbed browsing or other means, overly excessive bidding, bidding on players who can no longer be reasonably afforded due to lack of cap space, or doing anything else that wreaks havoc, reeks of buffoonery or causes trouble. Repeated offenses will incur increasingly severe sanctions and may result in an owner's removal from the league. In other words, don't be a jagoff and you won't get smacked.
Once a GM has successfully acquired a player he/she will have until the beginning of the pre-season to decide length of contract. Minimum length contract will be 1 year while maximum length contract shall be 4 years.
If an owner makes any kind of bidding mistake, the owner should post IMMEDIATELY on Proboards (so there is a permanent record of the request that has exact time of the post) and also in the chat rooms to let people know. Upon notification of a bid mistake, the Commish will review the time of the post and will restart the auction (if it was a player who was already on the board) or delete the auction (if the wrong player altogether was nominated).
An owner may not request that a bid be revoked if the request is not made within a very short time (i.e. no more than a few minutes) after the bid is posted; it is each owner's responsibility to ensure their bids are correct.
If an owner has let more than a few minutes pass before asking for a bid revocation, the revocation is subject to a TAB vote.
If an owner repeatedly asks for revocations because they are making a lot of typos, their revocation requests may be subjected to a TAB vote at the discretion of the Commissioner.
To sum up: if an owner makes an honest bidding mistake and reports it right away, they're fine. Late reporting or repeated mistakes by the same owner will result in TAB votes on whether to allow the revocation.
If a players is not put up for auction, that player will automatically be classified as a Free Agent.
No player acquired through the inaugural auction draft will be eligible for a RFA contract
Proxy Bidding:
The easiest way to explain proxy bidding is through an example.
In a traditional auction, with an 24 hour clock (like our clock will be), I nominate Ryan Leaf for $5. If someone bids $5.1 on him, the clock will reset back to 24 hours. In a proxy bidding system, if I nominate Leaf at $5, he will start at $0.1 and only go up if someone bids more than that. So say another team likes Leaf and bids $4 on him. Since I had a max bid of $5, I will still be the leader on Leaf but will now have him at $4.1 and the clock will still be counting down.
Now suppose someone really likes Leaf and bids $10 on him. They will now be the top bidder on Leaf at $5.1 and the clock will reset to 24 hours.
So in proxy, the clock will only reset if someone raises higher than the current highest maximum bid.
Nominating Players for Auction on MFL:
To nominate a player on MFL, you can go to the bar at the top of the page and under 'For Owners' go down and click 'Auction Bid'. At the bottom of this screen you can select a player from a drop-down menu and a bid on the player. The minimum salary for a player in this league is $0.1 and the minimum raising increment is $0.01.
A player was just won, can I nominate another now?
Yes. Nominations in the veteran auction are on a first come, first serve basis. That being said, please be mindful of others and let everyone have a chance at nominating if you have already nominated multiple players recently.