aaawall91 wrote:flotsamnjetsam wrote:Kareighuis wrote:Thanks a good question. I've read that minimum contract is 200K, I don't recall reading anywhere what the minimum raise was. If this is invalid, I will correct forthwith.
It's not invalid (no minimum raise), but technically the years should read "2012-2013: $1.53M, 2014: $1.54M" because 3 x $1.53M = $4.59M. I noticed this earlier on some of the "small raise" bids, and I was just going to point it out if anyone wins with a bid like that. I think we talked about having a $50K minimum raise in the past, but we never had a poll on it as a possible rule change. If anyone thinks we should have a minimum raise for the FA auctions, just say so and we'll put up a poll. I'm fine either way, but if we do end up putting it to a poll, I would suggest a minimum raise of $50K for all contracts under $1.0M, and then a minimum raise of $100K after that.
I'm in favor of a poll for this