UFA Bidding Rules

[JetsGM (Jacob)]

All players who are over the age of 25 and were not re-signed by their respective teams become unrestricted free agents in this league.

Based on the date that will be outlined in the offseason schedule, all teams will have the opportunity to bid on free agents

The max term that can be offered is 3 years, and league minimum 750,000 per

Teams will bid on a player until no new bid has been placed for 24 hours, then the last team to place an eligible bid will win the player. Teams have 15 minutes from the time of their bid to rescind the offer. This can be done by quoting their bid and saying "offer withdrawn" or something similar. Please see the note below concerning editing or deleting bid posts.

No team can ever exceed the $85 million cap to win a player.

Bid scoring:
Bid scoring is based on the sum of the per year annual contract value but the annual contract is multiplied by a 2nd and 3rd year factor.
2nd year factor: 0.75
3rd year factor 0.5

Each incremental bid must also be 0.25 points or more higher than the previous bid to become a leading bid

Bid posting example
Thread Name: Erik Karlsson

1) Winnipeg offers 1 year @ 15,000,000 = 15 points
Remaining cap: $15,000,000

2) Arizona bids 2 years @ 10,500,000 per = 10.5+10.5(0.75) = 18.375 points
Remaining cap: $24,500,000

24 hours passes. Arizona wins Erik Karlsson


NOTE: Under no circumstance should a team EVER edit or delete their bid post. If you make a mistake when posting, then create a new post and leave the old one. Any team caught editing a post will be given a warning, 2 warnings and you will begin to lose draft picks. If a team is caught deleting a bid, they will lose their next 1st round pick and receive a 3,000,000 cap penalty for 2 seasons.

[JetsGM (Jacob)]

Small update. All bids will go in the main section once you enter free agency. No need to go into the UFA folders, those will be held for completed/invalid bids.

Highly recommend everyone reads and ensures they understand the above. Will also mention it is YOUR responsibility to ensure your cap information on the Google Sheet and Fantrax is accurate, if it is not please advise a Mod or myself immediately. You must post how much cap remaining you have for each bid you submit.

FA Calculator can be found in the Google Sheet here: docs.google.com/spreadsheets/d/1tI-5WfCfL71uYS8CxuNWmPc0GLWiegWt0Un-00PIA3A/edit#gid=556019448, so I am hoping there will not be any miscalculations.

[JetsGM (Jacob)]

For prospect signings, even if you plan to demote the player the second they are officially yours, you still need to have the available cap space to fit them into your roster initially.

For example:
Team with $0 of cap space

Bid #1
Player A
Offer: 1 year @ 1,000,000
Points: 1
Cap space remaining: Will waive Player X, salary $1,500,000, and will be left with 500,000 remaining cap

Bid #2 - 30 minutes after initial bid
Player B
Offer: 1 year @ 1,000,000
Cap space remaining: Once player A is signed, will demote immediately, clearing 1,000,000 in cap, remaining cap is 500,000 and enough to cover the bid

For teams who are currently bidding with effectively $0 in cap space, you cannot sign and immediately demote, you need to have the cap space first.

Effectively, you should always either have the cap space available or clearly state a move you will make BEFORE the bid is won that will not have you go over the cap, even momentarily (i.e., the 5 minutes between you winning the bid and posting the demotions bid).

Since there has been some confusion in this method, ALL teams who have active bid that could, even momentarily, put them over the cap, and have not laid out their plans for being under the cap BEFORE a bid is won are invited to do so in their bidding post by posting a reply (no editing). Otherwise, if no plan is laid out and by the time the bid closes the team has less ACTUAL cap space remaining than the bid won, the bid will be invalidated. However, no penalty will be incurred for these transactions.

Teams who have updated their Google Sheets page with salary information for active bids and effective cap space remaining can post a link to their page and on the page clearly indicate a transaction that will put them over and a small note about what they will do for any moves that put them over and how they will be under by the time the bid closes.

This is how we will handle this for the remainder of FA and the season, we will open a discussion shortly to discuss the best way to mitigate any problems and free agency frustrations in the future. Thank you for your understanding.

If anything is unclear, please let me know. Thank you.