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Post by Penguins GM on Oct 28, 2011 0:47:50 GMT -5
Here is where all the auctions / free agent signings will occur.
Free agents have to be signed to contracts after the draft period is complete.
It is a bidding process, the highest bidder will win the free agent. His salary bid will be the salary for the player. The maximum length for a contract is 4 years.
The bidding structure will be as follows. a .5 multiplier for each additional year. you must always win a bid by at least 0.2 points.
Example.
Jaromir Jagr (Phi - RW)
initial bid 1 year 2 mil = 3 points 2 years at 2 mil = 3 points + 3(.5) = 4.5 points 3 years @ 2 mil = 3 + 3(.5) + 1.5(.5) = 5.25 points 4 years @ 2 mil = 3 points + 3(.5) + 1.5(.5) + 0.75 (.5) = 5.625 points
A bid will be won once it has been the winning bid for 24 hours.
Please put the players name and position/ team in the description box!
Remember, that your salary cap includes all leading bids you have placed. Your roster limit includes all leading bids as well, but the roster limit is not in place until November 1st.
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