Free Agent Acquisition Rules

• Owners start the season with an initial Free Agent Acquisition Budget (FAAB) of $40
• If a player is traded out of the league during the season additional funds are added to the owner's FAAB based on the round the player was drafted
  
  

  1st round:	$40
  2nd:	$35
  3rd:	$30
  4th:	$25
  5th:	$20
  6th-7th:	$15
  8th-10th:	$10
  11th:	$9
  12th:	$8
  13th:	$7
  14th:	$6
  15th:	$5
  16th:	$4
  17th:	$3
  18:	$2
  19th-23rd:	$1
  24th+:	$0

• In order to receive the additional FAAB the owner must release the traded player.  An owner can retain rights to a traded player by choosing not to receive the additional funds.
• Owners receive FAAB compensation equal to the winning bid for a Free Agent if that player is subsequently traded out of the league.
  
• Owners submit Free Agents for bidding.
• Bidding starts from the time a player is nominated until the end of the next stat period that falls at least 7 days after the player is submitted.
• Bidding takes place via silent auction.  Bids are submitted to a specified email address.
• If multiple players are up for bidding, bids may be placed on a conditional basis, which must be specified clearly in the bid submission.
  
• Auctions are resolved in the order the players were submitted for bidding.  All conditional bids must keep this in mind.
• The winning bid is considered to be $1 greater than the next highest bid.
  
• All Free Agents must remain either on the owner's active roster or on the disabled list.  Free Agents demoted to the owner's minors are considered to be released and may be submitted for bidding by other owners.