by Dexter II » Sat Sep 02, 2006 8:05 am
This is from the help section.
What is FAAB (Free Agent Acquisition Budget)?
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 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 Transactions 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:
Team #1 as listed in the FAAB order inputs a request for three players:
Player "a" bid of $15
Player "b" bid of $10
Player "c" bid of $10
Team # 8 as listed in the FAAB order inputs a request for three players:
Player "b" bid of $5
Player "a" bid of $25
Player "c" bid of $10
The system would look at Team #1 and look at the first player on his bid list (in this case, Player A). 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 two team example, team 8 would be awarded Player A.
Since Team # 1 did not aquire the first player on his list (Player A), the FAAB system next references Team #1's second listed player (Player B). In the example above, Team #1 wins Player B.
The system now references the first requested player for the next team in the FAAB order.
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