Offseason: 2001 and Beyond
After each season, income will be distributed to owners (see Income above) and alignment will be determined (see Alignment above).
Rosters for the next season must be set prior to the rookie auctions (see below). There is no limit to the amount of players an owner can keep. The first 20 players kept on a roster from one season to the next will cost an owner 1 million dollars each. Any additional player kept after the first 20 will cost an owner 3 million dollars each. Players to whom an owner has the rights but does not have a WIS season listed for the upcoming season must be placed on IR. Any player placed on IR for this reason does not count as a keeper and there is no cost associated with putting the aforementioned player on IR.
Once rosters are set, the rookie auctions start. The schedule will be released prior to the start of the rookie auctions. On each day of the rookie draft, two rookies (one position player and one pitcher) will be made available every two hours, starting at 10 A.M. and ending at 10 P.M. eastern time. The rookies will be made available for bidding in the order of their WIS listed salary for the upcoming season, with the highest salaried rookies being made available first. If all members of one group (position players or pitchers) are made available and the other group has players remaining, the auction house may release two members of the same group at the same time. This will occur until all rookies have been made available for bidding. The minimum pening bid on all rookies is 1 million dollars and raises must be made in increments of 1 million dollars. A player becomes property of the highest bidder if there is no raise of the highest bid within 24 hours, provided the highest bid is valid (with one exception- see the next paragraph).
After the last rookies have been released for bidding for exactly 24 hours, all players that were not kept on a roster from the previous season as well as any player not drafted in previous seasons will become available for bidding. The minimum opening bid on these players in 1 million dollars and raises must be made in increments of 1 million dollars. A player becomes property of the highest bidder if there is no raise of the highest bid within 12 hours, provided the highest bid is valid. At this point, any auction continuing from the rookie auctions ends if there is no raise within 12 hours of the last bid (instead of 24).
All rosters at this point must be a legal WIS roster, containing at least 25 players. If an owner spends more money than is in his/her bank account, he/she loses the player gained in the auction that caused him/her to go over the limit. In addition, this owner will be fined 5 million, to be taken out of the next season's income. The aforementioned auction is then won by the next highest bidder, provided this person accepts the win (he/she may decline) and the owner has enough left in the bank to cover the amount of the bid. If this owner declines, the process will continue until the player is claimed by someone. If this process does not provide a team for the player, the player is a free-agent, available to be bid upon next season.
All funds remaining for an owner after this process carry over to future seasons.
11/11/2010 11:15 PM (edited)