A) Free Agent Bidding
Bids are in the format of total contract value. Note that the number of years does not need to be listed until the bid is won. The resulting salary will be the final bid divided by the number of years, rounded to the nearest $0.1m. The winning bid will be the highest total contract amount.
Each player is auctioned in a separate thread at the ProFSL website, to be posted in the transactions board that may be started by anyone. A bid on a player is considered final when it has been inactive for 48 hours.
A maximum amount of active free agent bids by one general manager is 5, if this number is exceeded then bid/bids become nullified.
Once a free agent is won, a contract for that player must be submitted (in the same post as the FA won). This must be posted within 4 days. This will result in the following penalties:
Failure To Announce Contract For A Won Free Agent
1st violation - Warning and player released to free agency
2nd violation - Banned from league at the discretion of league commissioner or probation from free agency bidding
If it is a cap issue though then a cap move must be posted with 24 hours then a contract must be posted within 4 days of FA bid won.
Stipulation:
Players must be signed to a contract emulating their real contract. When signing a free agent, the salary must be greater than or equal to 50% of their real cap hit. The website used for reference is capfriendly.com.
Example:
If Sidney Crosby was being bidded on as a free agent he per year salary must be 50% of his real contract. He is currently making $8.7m/season divided by 50% = $4.35m = $4.4m. Therefore his contract must be equal to or greater than $4.4m/season.
B) Two-way Free Agent Contracts
A free agent skater can be signed to a 2-way contract if they have played 1-39 games or a free agent goalie can be signed to a 2-way contract if they have played 1-29 games.
The cost of their contract will follow regular free agent bidding with their contract being the winning contract plus an additional 500k per year as a 2-way contract fee. These players can also still be signed as normal but their contract will be a 1-way contract.
No player with 0 games of NHL experience can be bid on
C) Free Agency Deadline
The date for free agency deadline is available in the deadlines forum. The deadline is closed at the time specified. Any player who has been bid on in the hour leading up to the deadline will enter into a 6 hour period of bidding. For every bid during this period, the clock on these players will be reset for 6 hours. No other players can be bid on after the deadline has passed only 6-hour blocked free agents.
D) Contract Limits
All contracts must be no longer than 4 years. Also, for a given salary, all contacts (extension, FA) have term limits (max years contract can be per the salary) as provided below.
Maximum Years
</= $2.9m, 2 years
$3.0m - $6.4m, 3 years
>$6.5m, 4 years
Contracts can be less in length than the given values but can't exceed the given years. Ex. a 9 million free agent bid can be a 3 year - $3m, 2 year - $4.5m, or a 1 year - $9m but can not be a 4 year - $2.3m
There is no max yearly salary, as that was voted away during the offseason.
