[USML Announce] USML Rules Voting

[Richard E. Robbins]

No -- the current high bid will not be known.

On eBay, you never really know the high bid, unless you are the high bidder at the moment.  You know the current price but that is not the same thing.  When you toss in a bid on eBay that is more than the current price you don't know if you are going to be the then current high bidder or if you are merely going to drive up what someone else will pay.

We are not proposing establishing real time bidding like eBay.

By eBay style I was merely trying to capture a familiar reference for the pricing mechanism.

I fear phrases like "known dumping team" and "willfully attempting" when it comes to administering rules.

On February 9, 2004, john.fruit at usbank.com wrote:

> 
> Perhaps I'm not correct in my e-bay bidding process assumptions. Will the
> current high bid be known by all participants?
> 
> As far as the salary-floor calculations go, I certainly respect not adding
> to Mark B.'s administrative headaches. But it should really only come into
> play when a known dumping team is close to the floor and is willfully
> attempting to circumvent the salary floor issue. I don't know if its any
> more of a headache than knowing where each team is versus the cap on a
> weekly basis.