Trade Committee:
In order to make sure trades are reviewed and processed in a timely manner, we will have 8 members on the Trade Committee. There is no requirement for a 100% vote.
Trade Approval/Veto Process:
• There will be a 48 hour window for each trade. The 48 hours will begin once each participating GM has posted a rationale for the trade.
• All Trades must go through the 48 hour time period, regardless of when they are approved.
o During the off-season, at the end of the 48 hour period, the trade will be processed as soon as it can be by the league moderators.
o During the season, at the end of the 48 hour time period, the trade will be processed by the league moderators at 12:01 am EST of the next available day. Example: Trade is posted on Monday and the 48 hour period ends on Wednesday, the trade is then processed at 12:01 am EST on Thursday.
• Each trade must receive 5 approvals.
• If a trade receives two vetoes prior to receiving the 5 required approvals, the trade is invalid. A veto must be accompanied by an explanation.
• If the 48 hour time period passes, the trade will be ruled valid if it receives at least two approvals. This will be viewed as a process of a simple majority (2 approvals vs. 1 veto), since two vetoes would automatically stop a trade.
*****Established by consensus of the Trade Committee on February 15, 2015.
