Franchises and managers:
Bangalore - GN Nayak
Rajasthan - DH Cole
Mumbai - CR Butler
Deccan - AJ Garven
Delhi - KJ Gough
King's XI Punjab - JJD Heads
Kolkata - G Sriram
Chennai - BC Fitzsimmons
Considering the existing squads (hyperlinked above), managers may make 2 changes:
1. Add one CW player to the squad. Every team must sign a CW player (otherwise it's really not worth it) in this first auction period.
Now pay attention here. Each team may submit an initial list of 8 players, along with the proposed bids (posted in this thread).
eg. 1. A Player - 7
2. B Player - 5
3. C Player - 5
etc.
There will be a 48-hour period for those submissions. After all lists are in, if a player is only bid on by one franchise, that franchise may sign the player. Still with me? OK. If there is more than one bid for any player, the highest bid is considered. And if that bid is not surpassed within a further 48-hour period, the highest bidder may sign the player.
Note that because every team must sign at a CWer, if a franchise chooses not to use the second 48-hour bidding period, the franchise will automatically sign the highest valued player on its list that has not been signed elsewhere.
Should 2 teams be locked on an equal bid at the end of the period (eg. if both Delhi and Deccan bid 16 for Camps) the player may choose which of the teams he/she prefers to sign for.
End of round one auction.
2. With the remaining points a franchise may sign a second CW player, via the same process - initial list, followed by auction period. However to do so, the franchise must first pick an existing foreign player to cut loose.