IMPORTANT INFO: The basis for this FT is that bids are done blindly and then the owners of Franchise Players can decide on
what compensation package(by the bid) that they want to receive if they decide to let a FP walk. The cost of the tag is all the team will
have to put forward to keep their FP unless they want to let him go for compensation.
FT.1 Each year an owner may designate one player whose contract has expired to be their Franchise Player.
FT.2 The Franchise Tag is a designation that only has relevance during the Franchise Player Period in March and to indicate if a player is eligible to receive the Franchise Tag again(players can only be tagged for 2 consecutive years, no matter if they change teams).
FT.3 The cost to franchise a player is $XX (30% suggested). This $XX is non-refundable.
FT.4 The deadline for assigning the Franchise Tag for your franchise is March 14 at 11:59pm, and must be posted in the league forum.
FT.5 Blind Bids on Franchise players can be submitted from March 15th thru March 23rd at 11:59pm and will be submitted to "tbd email addy".
FT.5a Blind Bids can be any combination of ATAP Cash, Players and/or Draft Picks.
FT.5b Franchise Players may be bid on by the 15 other teams in the league. A team can try to acquire multiple Franchise Players but in submitting their bids they cannot submit the same draft pick for different Franchise Players and they cannot submit cash bids that when combined will exceed their current level of ATAP Cash.
FT.6 On March 24th a Commissioner will create a thread that lists each bid for each Franchise Player. Owner of Franchise Players will then have until March 30th 11:59pm to decide if they will keep their Franchise Player or let them go. Once the blind bids are posted Franchise Players will not be able to be traded until the owner decides to keep the player or let him go for the compensation package of one of the blind bids.
FT.6a If a team decides to keep their Franchise Player they keep them at no additional cost then what the Franchise Tag cost was and they will automatically be given a 1 year contract.
FT.6b If a team decides it is willing to let its Franchise Player go for compensation they must post their intentions in the Commissioners thread with the Blind Bids and state which team they are going to let their Franchise Player go to and in turn accept that teams compensation package. The winning team will then be able to assign the Franchise Player any length contract they desire(contracts will be assigned according to "rule number for contract deadlines".
FT.6c When a team lets their Franchise Player go they will immediately receive the cash portion of that bid(if there was cash bid) and will be assigned the appropriate draft picks from the team that is acquiring the Franchise Player.
FT.7 A Player can only be Franchise Tagged for 2 consecutive years(Does not matter if they are owned by a different team or not).
edit: to Bold out the FT#s
2nd edit: RED TYPE in FT.6b is to include the contract length a winning team can assign(leaving it out was an oversight)
3rd edit: RED TYPE in FT.6 i forgot to clarify that you cant trade a FP once the blind bids are posted but after you say if you want to keep the FP or let him go then the player is eligible to be traded again.
4th edit: RED TYPE in FT.5a of PLAYERS was never added and should have been as it was clarified that players would be available to be included in compensation packages. An addendum will need to be added to specify how to submit players(name, position team, contract length etc) in compensation package bids.
