[USML Announce] USML - FAAB bidding

Tue Mar 25 12:59:19 EDT 2008

I agree with RER.  And will ties go to lowest team in current standings,
unlike the site's methodology?
--BLJ


On 3/25/08, Richard Robbins <RERobbins at itinker.net> wrote:
>
> Thanks for all the guidance guys.
>
> I'd really like to keep our "eBay" style bidding as this makes it more
> difficult to create asterisk players.
>
>
> -- Rich
>
> On Mar 25, 2008, at 10:52 AM, jhwinick at aol.com wrote:
>
> A few important points/questions:
>
> 1.  The system awards the player to the highest bidder.  During the last
> few years we have reduced the winning bid to $1 over the next highest bid.
> That requires extra work for the commissioner.  Are we going to continue to
> use that system?
>
> 2.  If we do use the same system as the last few years, it is important to
> note that the "refund" isn't effective until the following week.  The system
> will disregard bids once you've exhausted your budget.  So, if you make a
> high bid on one player and you win, you may exhaust your budget for the
> week, even if you are entitled to have your FAAB replenished for the
> following week.
>
> 3.  Since we don't yet know how well this will work, I would recommend
> that for the first couple of weeks that people send a copy of their FAAB
> bids to usmltrans.
>
> 4.  Contingent bids are now treated differently than they have been in the
> past.  It used to be that if a team bid on only one player, that team would
> have priority over any team that placed a contingent bid on the same player,
> even if the contingent bid was higher.  That is no longer the case.  The
> logic of the system is explained in detail in the information provided by
> Mark.
>
> Jeff Winick
>
>
> -----Original Message-----
> From: Blocker, Mark B. <mblocker at Sidley.com>
> To: announce at usml.net
> Sent: Tue, 25 Mar 2008 9:35 am
> Subject: [USML Announce] USML - FAAB bidding
>
>  This is straight from the website, which no one bothers to read:
> What is FAAB (Free Agent Acquisition Budget)?
> [image: ole0]Answer
> FAAB stands for Free Agent Acquisition Budget. Every add/drop is granted
> via a blind, bidding system that is processed automatically. Each time an
> owner has an add/drop processed, they will be placed at the bottom of the
> FAAB order. If there is a tie for a player, the FAAB order is used; the
> owner that is higher in the list will receive the player and be moved to the
> bottom.
>
> You can also select the Commissioner FAAB approval process. Free agents
> are still picked up via a blind, bidding system, but it is processed by the
> commissioner and not automatically. The Commissioner will go to the
> Transactions Request page to process the winning bids.
>
> If you select to use either of the two available FAAB options, each owner
> will go to the My Team/Add-drop page and select the players to be added and
> dropped then a bid is entered. The team with the highest bid for that player
> will be awarded the player and the bid value subtracted from their budget.
> Example #1
> Team #1 as listed in the FAAB order inputs a request for three players:
> Player "a" bid of $15
> Player "c" bid of $10
> Player "b" bid of $1
> Team # 8 as listed in the FAAB order inputs a request for three players:
> Player "a" bid of $25
> Player "c" bid of $10
> Player "b" bid of $1
> The system looks for the player that has the highest overall bid placed on
> him. In this case, player A would be the first player auctioned. The system
> would then search through every bid submitted for Player A. The team with
> the highest bid for Player A would win that player. In this example, team 8
> would be awarded Player A.
>
> The FAAB process will continue in this manner. The system will seek out
> the player that has the highest overall bid for him. Player C will be the
> next player auctioned. If there are 2 equal bids for the same player (c),
> the system will award the player to the team that is highest on the FAAB
> order. For Example, player C will be auctioned second and awarded to Team #1
> because they were ahead of Team #8 in the FAAB order (remember Team #8 would
> be at the bottom of the FAAB order because the won the previous auction.)
> Finally, player (b) will be auctioned last and awarded to Team #8 because
> they are higher on the FAAB order (Team #1 was dropped to the bottom of the
> FAAB order because the won the previous auction).
> Please note: If a team is dropping the same player for multiple bids and
> that team wins a bid all subsequent bids involving "same" dropped player
> become invalid.
> Example #2
> FAAB Budget is $100
> The remaining budgets for the bidding teams are as follows:
> John's Team $55
> Sam's Team $80
> Joe's Team $40
> Larry's Team $65
> John is listed #1 in the FAAB order and his FAAB bids are:
> Player A bid of $30 dropping Player X
> Player F bid of $30 dropping Player Y
> Sam is listed #3 in the FAAB order and his FAAB bids are:
> Player B bid of $20 dropping Player M
> Player C bid of $15 dropping Player M
> Player D bid of $5 dropping Player O
>
> Joe is listed #4 in the FAAB order and his FAAB bids are:
> Player C bid of $10 dropping Player R
> Player E bid of $10 dropping Player R
> Larry is listed #7 in the FAAB order and his FAAB bids are:
> Player F bid of $5 dropping Player T
> Player D bid of $5 dropping Player V
> The first player to be auctioned is Player A for $30. Player A is
> auctioned first because $30 is the highest overall bid. John has Player A
> prioritized as his first bid. John wins the bid for Player A for $30. John
> drops to the bottom of the FAAB order and $30 is subtracted from his FAAB
> budget.
> Player F would not be auctioned at this time because John's $30 bid would
> exceed his FAAB budget.
> The second player to be auctioned is Player B. Sam wins the bid for Player
> B with a bid of $20. Sam drops to the bottom of the FAAB order and $20 is
> subtracted from his FAAB budget.
> The third player to be auctioned is Player C for $10 (Sam's bid of $15
> became invalid when Sam dropped Player M to claim Player B). Joe wins the
> bid for Player C with a bid of $10. Joe drops to the bottom of the FAAB
> order and $10 is subtracted from his FAAB budget.
> The Fourth player to be auctioned is Player F for $5. Player F is
> auctioned next for 2 reasons:
> 1)Larry is higher in the FAAB order because Sam dropped below Larry with a
> successful bid earlier in the bidding process. Since Larry is higher in the
> FAAB order, his bid (Player F for $5) will be auctioned before Sam's bid
> (Player D for $5).
> 2)Larry has prioritized his bid of Player F over Player D.
> Larry wins the bid for Player F for $5. As stated previously, John's $30
> bid for Player F was invalid because his bid would have exceeded his FAAB
> budget.
> The last player to be auctioned is Player D. Both Larry and Sam have equal
> bids of $5 for Player D. Sam wins the bid for Player D because he is higher
> in the FAAB order. John had dropped to the bottom of the FAAB order by
> winning his previous bid. Sam drops to the bottom of the FAAB order and $5
> is subtracted from his FAAB budget.
> Player E is not auctioned because Joe no longer has Player R to drop and
> there aren't any other bids for Player E. If Joe had a different player to
> drop Player E would have been auctioned.
>
> Sidley Austin LLP mail server made the following annotations on 03/25/08, 09:31:12:
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