Post by Milwaukee GM (Souriyo) on Feb 17, 2016 20:44:31 GMT
Off-season free agency will be conducted in an auction format. Any player that is bought-out and not added during the season will be available in the pool as well as any player without a contract at the end of the season. There will be a separate tab for off-season free agency where owners can nominate players and bid on them. Each owner must nominate one player at a time.
The minimum bid is at the league minimum salary of 1 year, $0.5 million. Bids are uncapped in terms of monetary value but with a maximum length of 5 years.
Any contract longer than three years has the following minimum requirements:
Minimum four year contract: 4 years, $3,000,000
Minimum five year contract: 5 years, $4,000,000
As long as the contract is compliant with the salary cap for the upcoming year, it will be allowed. If the contract will push the team over the salary cap in future years, the team must adjust at or before that occurs to stay under the cap via trade or buyout. All contracts must be either half or whole values, so if a bid is $0.5 million, the next highest bid has to be AT LEAST $1 million. (This is a selfish reason, I don't want to deal with more difficult numbers than I have to. No $4,234,987 bids please)
A standard starting bid would appear as such:
Milwaukee offers [insert name],[position],[real team] 3 years, $10 million (This is 10 million per season, not total contract value.)
Bid Value: 30 (Bid Value is calculated as follows: years multiplied by monetary value. The highest bid value will win the player. So 2 years, $20 million, BV: 40 is more than 3 years, $10 million, BV: 30) That is: 3 x $10 = 30
Auctions will remain open until all but one owner has backed out of the bidding.
To make free-agency streamlined, nomination and bid order will go in reverse order of the past year's standings. So the last place finish would have first choice to nominate a player and place a bid. The bidding would go in reverse order like a draft bidding until people back out and there is a winner. Once an owner has backed out on a player they cannot reenter bidding for that player.
The minimum bid is at the league minimum salary of 1 year, $0.5 million. Bids are uncapped in terms of monetary value but with a maximum length of 5 years.
Any contract longer than three years has the following minimum requirements:
Minimum four year contract: 4 years, $3,000,000
Minimum five year contract: 5 years, $4,000,000
As long as the contract is compliant with the salary cap for the upcoming year, it will be allowed. If the contract will push the team over the salary cap in future years, the team must adjust at or before that occurs to stay under the cap via trade or buyout. All contracts must be either half or whole values, so if a bid is $0.5 million, the next highest bid has to be AT LEAST $1 million. (This is a selfish reason, I don't want to deal with more difficult numbers than I have to. No $4,234,987 bids please)
A standard starting bid would appear as such:
Milwaukee offers [insert name],[position],[real team] 3 years, $10 million (This is 10 million per season, not total contract value.)
Bid Value: 30 (Bid Value is calculated as follows: years multiplied by monetary value. The highest bid value will win the player. So 2 years, $20 million, BV: 40 is more than 3 years, $10 million, BV: 30) That is: 3 x $10 = 30
Auctions will remain open until all but one owner has backed out of the bidding.
To make free-agency streamlined, nomination and bid order will go in reverse order of the past year's standings. So the last place finish would have first choice to nominate a player and place a bid. The bidding would go in reverse order like a draft bidding until people back out and there is a winner. Once an owner has backed out on a player they cannot reenter bidding for that player.