Auction Process

The auctions can be held in a live online format which would finish in one or possibly 2 sessions or as an ebay-style auction which can last several days. The sale of each player will consist of a submittal, bidding, and the sale.

Submittal

Each team will submit players for bidding on his assigned turn according to a posted schedule. To do this, a team must submit the player to its submittal list prior to its scheduled turn. When submitting players, a team must enter a submittal bid as well. Teams may set these submittal bidds to only be included if submitted by themselves or to be included regardless of the submitting team. Prior to the actual start of the auction, there will likely be a designated period in which teams can start adding players to their submittal list.

At each scheduled submittal time, the auction program looks at the submittal list for the scheduled team and takes hte first one that was submitted. If there are no players on the team's submittal list, the program will look for a player on other teams' lists. Each team should add players to their list in the order in which they would like to see them submitted. Teams will need to continue to add players to their submittal list throughout the draft to get them submitted for bidding.

The submitting team is considerd to have the first bid on the player. If other submittal bids were designated to be included, those are then entered in the order in which they were submitted to the teams' lists.

Bidding

Once a player is submitted for bidding, then there will be an  open bidding period before the player is sold. This biddng period can be as short as a minute, or it may last several days. In a live online auction, players will typically be sold from 2 to 6 minutes after they are submitted. Most likely, there will be a few players submitted before the first sale takes place. This gives teams more time to bid and keeps the process moving along quickly. Typically sales will happen in intervals of 45 seconds up to 2 minutes. In an ebay-style format, players are likely to be up for bid for 24 hours after submittal.

Sales

<>When a player was submitted he was assigned a designated tme for the sale. At that time, no more bidding will be allowed on that player. The player will be assigned to the highest bidder. In case of a tie, the earlier bid is considered to be the winning bid. With ebay-style bidding, the order of the bids will determine the actual winning price. If the highest bid were entered prior to the second highest bid, then the price will be equal to the second highest bid. If the #2 bid was entered earlier than the winning bid, then the winning prce will be a value that is one bidding increment higher than the #2 bid. For example, if an auction has bidding in $.50 increments and Team B bid 10.00 as the first bid and Team A later bid 12.00, the price would be 10.50.

Ebay-Style Auction

The ebay-style auction is one where players are submitted and are then up for bidding for an extended perod of time, typically 24 hours. Teams can bid at any time and are encouraged to bid the amount they are willing to spend when they bid. This style always uses ebay-style bidding, so the winning team will only have to pay the amount required to win the bid regardless of how much it bids.

<>The first day of the auction (Day 1) will consist of a single session for the submittal of players for bidding. Day 2 will consist of sales for the round of players submitted on Day1 and a second round of player submittals. This same process will continue for every day of the first phase of the draft. On the last day of the first phase, there will be an additional round of scheduled submittals after the session sales are completed. During the remaining sales sessions, there will be two rounds of sales and submittals.

Auction Program Auction FAQs