SECTION 7: ROOKIE AUCTIONS
7.1 Auction Arena
7.2 Pre-Auction Preparation
7.3 Draft Picks
7.4 Rookie Auction Budget
7.5 Auction Format
7.6 Available Players
7.7 Etiquette
7.8 Assigning Contract Years

7.1 Auction Arena
The auction arena, the place and time where the auction draft is to be held, will be set by the league to accommodate as many league members as possible. If for any reason a league member cannot attend the auction at the specified time and place then the manager may use a proxy bidder, upon league approval, to represent the franchise in all matters. If a proxy bidder cannot be found then the manager shall forfeit his right to a club. It is of utmost importance that all managers are represented before the auction commences to maintain the competitive balance within the league.

7.2 Pre-Auction Preparation
It is vital that managers drop players before the July 31st deadline each year to make spots available on their rosters before the auction.  Rosters will be frozen as of August 1st of each year so no players can be dropped during August, this allows for all managers to know exactly who is taken and which players are available.

7.3 Draft Picks
Before the auction begins, there will be one round of Draft Picks.  Each franchise can draft one rookie player (not veteran players that are not owned, just rookies) for free. All eight clubs will have one free pick.  These Draft Picks can be traded, made part of any trade as incentives, or bought and sold up to the next two future rookie auctions in advance. The draft order will be determined by the previous year’s final rankings, end of regular season for non-playoff clubs and end of post season for playoff franchises.  Draft Pick Order: 1st Pick (5th place), 2nd Pick (6th place), 3rd Pick (7th place), 4th Pick (8th place), 5th Pick (Playoff 4th place), 6th Pick (Playoff 3rd place), 7th Pick (Playoff 2nd place), and 8th Pick (Superbowl Champion). Note: The reverse pick-order for non-playoff clubs removes the incentive to come in last place and helps prevent disinterest when a club isn’t going to make the playoffs by providing a goal for continued winning.  Draft Picks must be signed to a contract as normal or placed on the farm.

7.4 Rookie Auction Budget
The Rookie Auction budget will be what franchise funds each club has available at the time of the auction.  Each club will have a different amount of money to spend and a different number of roster spots to fill.  The franchise’s accounting page will tell them exactly how much they have available to them.  A franchise does not have to spend all or any of their funds at the auction; all remaining funds will be carried over.

7.5 Auction Format
· Franchises can acquire up to a total of 30 players, but are not required to fill all 30 spots.
· A manager brings up a player with a bid giving the players name and position.
· The assumed dollar amount is $0M for the initial bid if no specific amount is stated.
· All managers can bid higher or pass on the player.
· All bidding is to be done in $1M increments or multiples thereof.
· This process continues until a high bid is reached and the high bidder gets the player.
· The next seated manager calls up a player and the bidding process is repeated.
· The auction is over for individual managers when they “pass” rather than nominating a player for bidding.
· The entire auction is complete when all managers have passed. There are no required limits on roster spots.
· Contract Years must be assigned by the date given at the auction; this date will be one week after the auction.
· The Commissioner will decide upon any discrepancies.


7.6 Available Players
To find what players are available, check each of the franchise’s rosters on their team page.  A complete list of available or taken players will not be provided in order to avoid oversights.  Each manager is responsible for making his own list of available players for each of the Rookie Auctions according to their research.

7.7 Etiquette
There is no assigned seating.  When you call out a player for the auction, you need to announce his name and position every time. You cannot ask other managers any questions about which player is up, how much he went for, what position he plays or any such questions; you need to ask the auctioneer for this information.  The important thing is that the other mangers are not distracted.  All managers should arrive at the auction fully prepared.

7.8 Assigning Contract Years
Following the Rookie Auctions, all managers will have one week to assign Contract Years to their players or place them on the Farm.  An exact due date will be given at the auction.  Managers may drop players during this week but cannot pickup any players.
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Commissioner, TKO Legacy League