*Free Agency Bidding Procedures*
Jan 15, 2011 19:38:42 GMT -5
Post by Ben (Rays GM) on Jan 15, 2011 19:38:42 GMT -5
New information in red.
Terms you should know:
Raw annual value: The per-year value of a contract offer before discounts are taken.
Discounts: discounts are always 5%. You receive one 5% discount for each additional year above one year that you offer, one 5% discount for home team advantage if a player ended the previous year with your team, one 5% discount for making the playoffs, and one 5% discount for winning the league.
Bidding:
Free agency will be an auction where you make bids by offering contracts to players. You win a player if nobody beats your offer for 24 hours.
The best offer will always be the one with the higher annual value unless two GMs offer the same annual value but for a different number of years - if raw annual value is equal the player will choose the offer with more years. But remember, longer contracts also receive more discounts.
Each player will have a thread in the free agency section. Bidding will be done by replying to the thread with your offer. Your offer should include the number of years you are offering, the raw annual value of the offer, and the total value of the contract.
Each offer must be better than the previous offer. You must either offer the same raw annual value but for more years, or you must offer a higher raw annual value. See sample bidding (below). Once the bidding on a player reaches $2 million per year, subsequent bids must be at least $0.5 million per year higher unless they increase the length of the contract. Once the bidding on a player reaches $10 million, subsequent bids must be at least $1 million higher unless they increase the length of the contract.
Minimum and Maximum offers for the primary round:
The minimum salary for a one-year contract is $400,000, or $0.4 million. A one-year contract may not exceed $12 million before discounts are applied (raw annual value).
The minimum salary for a two-year contract is $2 million per year, and the maximum is $25 million per year before discounts are applied.
These maximums do not apply for players over the age of 35 at the time that they are posted.
The minimum salary for a three-year contract is $3 million per year, and the minimum salary for a four-year contract is $4 million per year. There is no maximum for three- or four- year contracts.
Discounts:
For each additional year offered you will get to take off a 5% discount from the annual value of the salary after the bidding. Two year contracts will get a 5% discount on the annual value. Three year contracts get a 10% discount. Four year contracts get a 15% discount. So, if you win the bidding on a player by offering 4 years/40 million, or an annual value of $10 million, the player's contract becomes $8.5 million per year (15% off of $10 million). If it's an offer of 3 years/30 million, also an annual value of $10 million per year, then his contract becomes $9 million per year, (10% off of $10 million).
So, even though the winner is always the contract with the highest annual value (or equal annual value but more years), longer contracts do end up being cheaper because of the discounts.
In addition to discounts based on contract length, there are also hometown discounts (5%) given when you sign a player who finished the previous season with your team (the last team the player was on before becoming a free agent, even if he didn't play for them), and also discounts for offering players a chance to sign with a winning team - you will get a 5% discount the following offseason after making the playoffs and an additional 5% discount if you were the World Series champion.
Opening New Free Agents:
Once a free agent is won, a new one must be opened. Anyone can open the bidding on the new free agent. If you notice that 24 hours have passed but no one has opened a new free agent yet, you can be the one to do it. Create a new thread with the player's name, and post the player's name, position, if he's type A, age, his most recent team before free agency, and previous year's salary (see the way Ruth is listed in the sample bidding below). Assuming your thread is posted first, your player will be the new free agent. If someone else posted before you did though, you should delete your post so as to avoid confusion (the commissioners will delete any bidding threads that they notice were opened prematurely. There should never be more than twelve free agents being actively bid on, so if at any point you notice that there are more than twelve, please reply to the free agent that was opened last saying that the player was opened in error and should not be bid on). To open a player, you must also bid on him, so please post your bid as well.
Compensation:
You receive compensation if you do not re-sign a Type A player who was from your own team as long as one of the following two conditions are met:
1) you made an offer with a raw annual value of at least 50% of the player's previous year's salary
2) any other team made an offer with a raw annual value of at least 75% of the player's previous year's salary
Please make sure you are posting the correct Elias Rankings as listed at www.mlbtraderumors.com/elias-rankings/
These are the rankings we will use. These are not the official rankings but since the official rankings are not released for every player these are the ones we will use. For consistency, we will use these rankings even when they disagree with other information we might have about rankings.
Miscellaneous:
1) If you sign a free agent who has fewer than six years of service time to a one year deal that expires before the player accumulates six years of service time, that player will fall into a cost-controlled, service time salary schedule following the completion of the contract. If you sign a player to a multi-year deal that expires before the player accumulates six years of service time, you can bring the player back until he completes his sixth year of service time, but must do so at the same annual salary as the deal you signed him to.
2) If a player officially retires during the offseason while you have him signed to a long-term veteran contract, you are obligated to pay him for the following year, and nothing more. If the player officially retires during the regular season, you will be obligated to pay him for the remainder of the season and nothing more. You must inform the commissioner if you would like to apply to drop a contract for this reason, and he will use his discretion as to whether the retirement can be deemed official.
3) You may not withdraw bids once they have been made. Please do not delete your bids. Being caught doing this may result in a fine or probation.
4) You may not bid more money than you have available. If you have 50 million available and you have two bids for 20 million each that are still leading, and another player comes up who you want, the most you can bid is 10 million unless one of your other bids gets beaten.
Terms you should know:
Raw annual value: The per-year value of a contract offer before discounts are taken.
Discounts: discounts are always 5%. You receive one 5% discount for each additional year above one year that you offer, one 5% discount for home team advantage if a player ended the previous year with your team, one 5% discount for making the playoffs, and one 5% discount for winning the league.
Bidding:
Free agency will be an auction where you make bids by offering contracts to players. You win a player if nobody beats your offer for 24 hours.
The best offer will always be the one with the higher annual value unless two GMs offer the same annual value but for a different number of years - if raw annual value is equal the player will choose the offer with more years. But remember, longer contracts also receive more discounts.
Each player will have a thread in the free agency section. Bidding will be done by replying to the thread with your offer. Your offer should include the number of years you are offering, the raw annual value of the offer, and the total value of the contract.
Each offer must be better than the previous offer. You must either offer the same raw annual value but for more years, or you must offer a higher raw annual value. See sample bidding (below). Once the bidding on a player reaches $2 million per year, subsequent bids must be at least $0.5 million per year higher unless they increase the length of the contract. Once the bidding on a player reaches $10 million, subsequent bids must be at least $1 million higher unless they increase the length of the contract.
Minimum and Maximum offers for the primary round:
The minimum salary for a one-year contract is $400,000, or $0.4 million. A one-year contract may not exceed $12 million before discounts are applied (raw annual value).
The minimum salary for a two-year contract is $2 million per year, and the maximum is $25 million per year before discounts are applied.
These maximums do not apply for players over the age of 35 at the time that they are posted.
The minimum salary for a three-year contract is $3 million per year, and the minimum salary for a four-year contract is $4 million per year. There is no maximum for three- or four- year contracts.
Discounts:
For each additional year offered you will get to take off a 5% discount from the annual value of the salary after the bidding. Two year contracts will get a 5% discount on the annual value. Three year contracts get a 10% discount. Four year contracts get a 15% discount. So, if you win the bidding on a player by offering 4 years/40 million, or an annual value of $10 million, the player's contract becomes $8.5 million per year (15% off of $10 million). If it's an offer of 3 years/30 million, also an annual value of $10 million per year, then his contract becomes $9 million per year, (10% off of $10 million).
So, even though the winner is always the contract with the highest annual value (or equal annual value but more years), longer contracts do end up being cheaper because of the discounts.
In addition to discounts based on contract length, there are also hometown discounts (5%) given when you sign a player who finished the previous season with your team (the last team the player was on before becoming a free agent, even if he didn't play for them), and also discounts for offering players a chance to sign with a winning team - you will get a 5% discount the following offseason after making the playoffs and an additional 5% discount if you were the World Series champion.
Opening New Free Agents:
Once a free agent is won, a new one must be opened. Anyone can open the bidding on the new free agent. If you notice that 24 hours have passed but no one has opened a new free agent yet, you can be the one to do it. Create a new thread with the player's name, and post the player's name, position, if he's type A, age, his most recent team before free agency, and previous year's salary (see the way Ruth is listed in the sample bidding below). Assuming your thread is posted first, your player will be the new free agent. If someone else posted before you did though, you should delete your post so as to avoid confusion (the commissioners will delete any bidding threads that they notice were opened prematurely. There should never be more than twelve free agents being actively bid on, so if at any point you notice that there are more than twelve, please reply to the free agent that was opened last saying that the player was opened in error and should not be bid on). To open a player, you must also bid on him, so please post your bid as well.
Compensation:
You receive compensation if you do not re-sign a Type A player who was from your own team as long as one of the following two conditions are met:
1) you made an offer with a raw annual value of at least 50% of the player's previous year's salary
2) any other team made an offer with a raw annual value of at least 75% of the player's previous year's salary
Please make sure you are posting the correct Elias Rankings as listed at www.mlbtraderumors.com/elias-rankings/
These are the rankings we will use. These are not the official rankings but since the official rankings are not released for every player these are the ones we will use. For consistency, we will use these rankings even when they disagree with other information we might have about rankings.
Miscellaneous:
1) If you sign a free agent who has fewer than six years of service time to a one year deal that expires before the player accumulates six years of service time, that player will fall into a cost-controlled, service time salary schedule following the completion of the contract. If you sign a player to a multi-year deal that expires before the player accumulates six years of service time, you can bring the player back until he completes his sixth year of service time, but must do so at the same annual salary as the deal you signed him to.
2) If a player officially retires during the offseason while you have him signed to a long-term veteran contract, you are obligated to pay him for the following year, and nothing more. If the player officially retires during the regular season, you will be obligated to pay him for the remainder of the season and nothing more. You must inform the commissioner if you would like to apply to drop a contract for this reason, and he will use his discretion as to whether the retirement can be deemed official.
3) You may not withdraw bids once they have been made. Please do not delete your bids. Being caught doing this may result in a fine or probation.
4) You may not bid more money than you have available. If you have 50 million available and you have two bids for 20 million each that are still leading, and another player comes up who you want, the most you can bid is 10 million unless one of your other bids gets beaten.