Rules of Free Agency Free Agency begins Monday, March 1st 12:01 am (Eastern) 1. If you failed to report a player that should not be on the list (UFA, RFA), he is no longer on your team due to negligence on behalf of the GM. Plenty of time was given beforehand so there is no excuse for it. 2. We use a bidding format in the free agency forum. 3. When a bid lasts 48 hours without being raised, the bidding team is awarded the player. 4. Minimum bid is 300K, there is no maximum bid. 5. Minimum bid increments are the following: $300,000 - $1,000,000 = $50,000 increments $1,000,000 - $5,000,000 = $100,000 increments $5,000,000 & Up = $250,000 increments 6. You cannot go over the salary cap at anytime with your bids. If you need more room to make a bid, you must cut a player before placing that bid. 7. You cannot have more than 10 bids simultaneously, if you do, you will forfeit all bids. 8. You cannot trade or cut players you sign in free agency. You may trade your franchised/transitioned players or RFA tenders that were not bid on during free agency. The only exception to this is that you can cut players signed to minimum or slightly higher contracts ($400K). 9. You cannot retract bids. 10. When bidding on restricted free agents: Restricted free agents that are not tendered become unrestricted free agents and the original team gets no compensation. If they have a low tender and a bid is not matched, the original team gets draft pick of the round the player was drafted in as compensation (i.e. Joe Blow was a 3rd round pick in 2001...Compensation is a 3rd round pick). If the player was undrafted, no compensation is awarded. A mid/low level tender has 2nd round compensation, a mid level tender has a 1st round compensation and a high level tender has 1st and 3rd round compensation. 11. Franchise/Transition players: When a franchise player receives a bid that is not matched the original team gets two first round picks as compensation. If the bidding team does not have two first round picks he must acquire them before bidding or workout acceptable compensation with the original team. Teams get no compensation for losing Transition players. 12. Please do not welcome players to your team in the player's position thread. It only makes a mess and we'll make a thread specifically for you to welcome your players. If you have any questions, feel free to ask.