If I can retract this bid I would like to - in light of a trade pending review which reduces my cap space.
Sorry bids can't be retracted, well you can take a warning for 1 but from then on you are subject to cap penalties
Penalties For Not Clearing Roster Space/Cap For A Final Bid
Upon winning a bid that sets a team over the cap, the GM is granted 24 hours to post the transactions that will make the cap work (either a trade or releasing players). If the transactions are not valid or not posted within 24 hours of the bids being finalized, that team no longer receives the player.
- First violation - Warning
- Second violation - $2m fine and a 3rd round pick
- Third violation - $4m fine and a 2nd round pick
- Fourth violation - $6m fine and a 1st round pick
- Fifth violation - Banned from league
These violations are compounding from season to season, so if you have a violation in 2011 it is carried over to 2012 and so on. Teams who receive a 2nd violation will be unable to bid on free agents for 1 month, 3rd violation - 2 months, and 4th - 3 months.
After such a failed bid, the player goes back to the bidding board, starting off at zero, and the 48 hour clock is restarted. The offending team can no longer bid on that player, even if they clear up the cap space to do so.
