During a market phase, it is possible to participate in 1 or more auctions defined by the admins.
The portal supports 3 types of auctions:
- Sealed Bid Auction
- Open Bid Auction
- Player Sale Auction
# Sealed Bid Auction
During this auction, it is possible to make sealed bids. Each of your bids will be hidden from other managers, and only at the end of the auction will the amounts used by the various managers for each player be revealed.
The manager who has placed the highest bid will win the player.
In case of a tie for the winning bid, the manager who placed the bid first will win the player.
Every manager is free to withdraw and change their offers until the end of the auction.
Based on the Seasonal Limits and the Auction Configuration, every manager can freely bid on all players that satisfy their team's constraints.
Some of the constraints that may be present are:
- Player's role
- Player's Overall Rating points
- etc.
# Open Bid Auction
Like the previous one, but with the difference that here every bid made will be public and visible to all managers. Based on the Seasonal Limits, there is a minimum raise amount.
Since each individual auction for a player has a well-defined duration (less than or equal to the duration of the general auction), if a bid is placed in the last 5 Minutes before the end of the player's auction, it will be extended by an additional 5 Minutes.
# Player Sale Auction
In this type of auction, every manager can put one or more of their own players up for auction. The mechanism then remains the same as the Open Bid Auction. It is a quick way to sell off some surplus players, and perhaps bring a nice sum to the manager!
Note
Among the Seasonal Limits there is the possibility to define the minimum executable bid on each player, based on a percentage of their market value and the absolute minimum possible. If a player does NOT have a market value, or if the percentage applied to their M.V. results in a value lower than the absolute minimum possible, the minimum bid will be that of the absolute minimum possible.