[USML Announce] USML - FAAB bidding
rickgam at comcast.net
rickgam at comcast.net
Tue Mar 25 16:49:34 EDT 2008
Yeah, and I believe that I was last the year before!
Rick
-------------- Original message ----------------------
From: springkerb at aol.com
>
> What do you mean "again?"? I was last last year, and I demand recognition!
>
>
>
> Mark Kerber
>
> GM--2007 Last Place Nukes
>
>
>
> Worried that you'll be last again this year?
>
>
>
>
>
>
>
> -----Original Message-----
> From: Jeff Winick <jhwinick at aol.com>
> To: USML Announcements <announce at usml.net>
> Sent: Tue, 25 Mar 2008 1:20 pm
> Subject: Re: [USML Announce] USML - FAAB bidding
>
>
>
> The site already provides that ties go to the lower team in the standings, but
> only for the first player awarded? After that the priority is as the site
> indicates. To do otherwise creates a nightmare for Mark. He'd potentially have
> to redo all of the transactions. It doesn't seem fair to burden Mark with that.
> What's up Brad. Worried that you'll be last again this year?
>
>
>
>
> Jeff
>
> Sent from my iPhone
>
>
> On Mar 25, 2008, at 1:04 PM, "Brad Jansen" <bljansen at gmail.com> wrote:
>
>
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> 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)?
> 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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