Rules of Free Agency 1. Bidding on cut players can begin on February 27th, 2012 at 12:01AM EST. 2. Bidding on free agents (non-tagged/non-tendered) can begin on March 5th, 2012 at 12:01AM EST. 3. We use a bidding format in the free agency forum. 4. When a bid lasts 48 hours without being raised, the bidding team is awarded the player. 5. Minimum bid is 300K, there is no maximum bid. 6. 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 7. 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. 8. You cannot have more than 10 bids simultaneously, if you do, you will forfeit your most recent bid to get you at 10 bids. This includes both positional free agents and cut players. 9. You cannot trade players you sign in free agency. You may trade your franchised/transitioned players or RFA tenders. The only exception to this is that you can cut players signed to contracts of $500K or less. 10. You can retract minimum ($300K) bids ONLY. 11. Please do not welcome players to your team in the player's position thread. It only makes a mess and there will be a thread specifically for you to welcome your players. If you have any questions, feel free to ask.