All GM's Please Read - Regarding Bidding - New Rule

[Gilly]

Please note with the increasing amount of GM's bidding with short amounts of time left a new rule is now in place effective as of 10:00 pm eastern time Wednesday Evening.

When a bid is within 3 hrs of closing and you choose to bid on that FA, you must bid in an increment of 2 million
....sooo....
ex:
Steven Stamkoes has a bid going of 10 million
The GM who bid last bid is 3 hours from winning Steven as a FA, if you want to bid at this time you will be required to up the bid to 12 million.  After which bid the clock is set 48 hours again and normal bidding procedures occur until the 45hr mark again.

Please keep in mind that the rule stateing after 10 million you have to bid in increments of 1 million is still in effect as the above rule change is only for when FA's are within 6 hours of closing. 
Also because a FA is over 10 million doesn't mean the bid increment will be 2 million with the new rule + 1 million from previous rule.
From 0 hrs - 45 hours all normal bidding procedures occur as per rules
From 45 hours to 48 hours the above rule is in place.

Any current FA's within 3 hours of closing are now in effect under this rule, any bids up to this point that are within 3hrs ARE still VALID...Im simply saying that anyone choosing to now bid after this new rule is posted on a FA within 3hrs of closing will be required to adbide by the new rule!!

If there is an issue with this, than please PM myself or HockeyFreak as we didn't want to do this, but we all need to start respecting each other here!!

Thanks Everyone,

Gilly

[hockeyfreak6000]

As I might add to Gillys post.

Any bids not following these rules will not count and repeat offenders will be warned and may be eventually banned if they continue bidding illegally. We did not want to do this but the amoint of GM's jacking the price in final few hours in getting Crazy!! Just pay attention to the times and everybody will be fine.

[hockeyfreak6000]

We have slightly modified the rules. They are up to do date now and this is the way they are going to stay.

[hockeyfreak6000]

Just something to make transactions more efficent.

If 48 hrs have passed and you have the winning the bid. Post the contract you would like it makes these types of moves much quicker for everyone.

Thanks
Peter

[hockeyfreak47]

i was going to do that but if i put the contract after 48hours it change the posted date to TODAY and
i was affraid it would take more time to be processed

[PigsRule]

can do. Good idea!  :thumbsup:

[PigsRule]

Please note with the increasing amount of GM's bidding with short amounts of time left a new rule is now in place effective as of 10:00 pm eastern time Wednesday Evening.

When a bid is within 3 hrs of closing and you choose to bid on that FA, you must bid in an increment of 2 million
....sooo....
ex:
Steven Stamkoes has a bid going of 10 million
The GM who bid last bid is 3 hours from winning Steven as a FA, if you want to bid at this time you will be required to up the bid to 12 million.  After which bid the clock is set 48 hours again and normal bidding procedures occur until the 45hr mark again.

Please keep in mind that the rule stateing after 10 million you have to bid in increments of 1 million is still in effect as the above rule change is only for when FA's are within 6 hours of closing. 
Also because a FA is over 10 million doesn't mean the bid increment will be 2 million with the new rule + 1 million from previous rule.
From 0 hrs - 45 hours all normal bidding procedures occur as per rules
From 45 hours to 48 hours the above rule is in place.

Any current FA's within 3 hours of closing are now in effect under this rule, any bids up to this point that are within 3hrs ARE still VALID...Im simply saying that anyone choosing to now bid after this new rule is posted on a FA within 3hrs of closing will be required to adbide by the new rule!!

If there is an issue with this, than please PM myself or HockeyFreak as we didn't want to do this, but we all need to start respecting each other here!!

Thanks Everyone,

Gilly

this rule has been incorporated into the Free Agent rules page now with a hyperlink referencing this amendment by BridgestoneGilly/hockeyfreak6000.

this thread will be moved to + archived in the "Completed Transactions" section to declutter this Transactions pg.