Post by Rangers GM (Jared) on Oct 6, 2008 19:16:42 GMT -5
Pursuant to Rule 12, each season a GM may designate players as "Restricted", making those players Restricted Free Agents ("RFAs"). These players must be publicly announced and displayed in the designated area "Restricted FA's" as Restricted by December 1st. Please note that FAILURE to publicly declare said players as "Restricted" shall forfeit the right of that GM to restrict that player(s) for that season. Any and all unrestricted Free Agents shall be subject to regular (unrestricted) FA bidding as outlined previously.
Once a GM uses the designated amount of Restricted options at his disposal, those players will be eligible for Restricted free agency bidding. All free agent bidding, whether restricted or unrestricted, shall be conducted pursuant to the league's FA bidding procedures in place at that time. We are using a blind bidding system.
Bids can be PMed to the MLBPA account.
Any GM may initiate bidding on a RFA agent at scheduled times during the period specifically noted for RFAs. Since only RFAs will be bid upon during an auction segment and we are not listing player names to be bid upon in a thread, no disclosure of a GM's intent to bid and on whom a GM is bidding is required.
**NOTE - In the event no bids are received on a RFA, that player will be available at the minimum salary.
RESTRICTED PLAYER BIDDING CRITERIA - Restricting a player provides a semi protective measure to help a GM retain that player, while not assuring that GM will retain said player. In order to provide some, but not absolute, assistance in that retention, the following guidelines are placed on Restricted FA bidding:
The Average Annual Salary ("AAS") that a GM bids will require a certain minimum number of years that offer must cover to be a valid bid. The HIGHER the AAS, the LONGER the MINIMUM contract term you MUST offer in order to make a valid bid. The MINIMUM contract term is based solely on the offer's AAS, and is determined as follows:
AAS = up to $3M, then MINIMUM 1 yr deal
AAS = $3M+ to $6M, then MINIMUM 2 yr deal (total min contract = $6,000,001 to $12M)
AAS = $6M+ to $9M, then MINIMUM 3 yr deal (total min contract = $18,000,001 to $27M)
AAS = $9M+ to $12M, then MINIMUM 4 yr deal (total min contract = $36,000,001 to $48M)
AAS = $12M+ to $15M, then MINIMUM 5 yr deal
AAS = $15M+, then MINIMUM 6 yr deal
Simply, you can divide the AAS by 3M, then round UP to determine the MINIMUM number of years the contract must cover. Any bid not meeting the correct minimum term offered will be voided.
The bidder can always make a contract term LONGER than the minimum number of years since the AAS only determines the MINIMUM term.
As in all FA bidding, the bidder must clearly state the 1.) contract term (number of years), 2.) total contract amount, 3.) AAS, and 4.) breakdown of the salary offer for each year of term of the contract OR clearly state it is equally allocated to each year. If the offer is not specific and include the above criteria, then it will be deemed an invalid bid.
Since the bidding is for a RFA, then pursuant to Rule 12, the GM who held the restricted player has 48 hours to match the winning bid, and may restructure that bid for a total contract amount no less and a term no longer than that of the "winning" bid. If the restricting GM chooses not to match the offer, then the winning bidder is obligated to sign the player to the exact terms of the winning bid - there is NO option to remove or reneg on any bid placed.
The 48 hour acceptance "clock" will commence with the winning bid being posted of the last player of the RFA batch by the League Office.
The discussion above applies ONLY TO RESTRICTED free agent bidding. Normal, or Unrestricted, free agent bidding is covered under general FA bidding rulings.
Once a GM uses the designated amount of Restricted options at his disposal, those players will be eligible for Restricted free agency bidding. All free agent bidding, whether restricted or unrestricted, shall be conducted pursuant to the league's FA bidding procedures in place at that time. We are using a blind bidding system.
Bids can be PMed to the MLBPA account.
Any GM may initiate bidding on a RFA agent at scheduled times during the period specifically noted for RFAs. Since only RFAs will be bid upon during an auction segment and we are not listing player names to be bid upon in a thread, no disclosure of a GM's intent to bid and on whom a GM is bidding is required.
**NOTE - In the event no bids are received on a RFA, that player will be available at the minimum salary.
RESTRICTED PLAYER BIDDING CRITERIA - Restricting a player provides a semi protective measure to help a GM retain that player, while not assuring that GM will retain said player. In order to provide some, but not absolute, assistance in that retention, the following guidelines are placed on Restricted FA bidding:
The Average Annual Salary ("AAS") that a GM bids will require a certain minimum number of years that offer must cover to be a valid bid. The HIGHER the AAS, the LONGER the MINIMUM contract term you MUST offer in order to make a valid bid. The MINIMUM contract term is based solely on the offer's AAS, and is determined as follows:
AAS = up to $3M, then MINIMUM 1 yr deal
AAS = $3M+ to $6M, then MINIMUM 2 yr deal (total min contract = $6,000,001 to $12M)
AAS = $6M+ to $9M, then MINIMUM 3 yr deal (total min contract = $18,000,001 to $27M)
AAS = $9M+ to $12M, then MINIMUM 4 yr deal (total min contract = $36,000,001 to $48M)
AAS = $12M+ to $15M, then MINIMUM 5 yr deal
AAS = $15M+, then MINIMUM 6 yr deal
Simply, you can divide the AAS by 3M, then round UP to determine the MINIMUM number of years the contract must cover. Any bid not meeting the correct minimum term offered will be voided.
The bidder can always make a contract term LONGER than the minimum number of years since the AAS only determines the MINIMUM term.
As in all FA bidding, the bidder must clearly state the 1.) contract term (number of years), 2.) total contract amount, 3.) AAS, and 4.) breakdown of the salary offer for each year of term of the contract OR clearly state it is equally allocated to each year. If the offer is not specific and include the above criteria, then it will be deemed an invalid bid.
Since the bidding is for a RFA, then pursuant to Rule 12, the GM who held the restricted player has 48 hours to match the winning bid, and may restructure that bid for a total contract amount no less and a term no longer than that of the "winning" bid. If the restricting GM chooses not to match the offer, then the winning bidder is obligated to sign the player to the exact terms of the winning bid - there is NO option to remove or reneg on any bid placed.
The 48 hour acceptance "clock" will commence with the winning bid being posted of the last player of the RFA batch by the League Office.
The discussion above applies ONLY TO RESTRICTED free agent bidding. Normal, or Unrestricted, free agent bidding is covered under general FA bidding rulings.