This is a example of how it works-
Suppose there are 4 participants-
Now for round 1 of the draft i receive nominations from these 4 of one player each which are as follows via E-mail @ email@example.com
schwuppe - Pele
PDG1978 - Maradona
Karloski - Maradona
Rambo - Anton Ferdinand
Now since Maradona is nominated twice i nominate cruyff instead.
And list the available players for round 1 as
Now the bids i get from schwuppe are
Pele- 55 million
Maradona -34 million
Cruyff - 63 million
Anton Ferdinand - 2 million
the bids from PDG1978 are-
Pele- 57 million
Cruyff - 22 million
Anton Ferdinand - 3 million
the bids from Karloski are-
Pele- 23 million
Cruyff - 20 million
Anton Ferdinand - no bid
the bids received from Rambo are-
Pele- 52 million
Cruyff - 21 million
Anton Ferdinand - 4 million
In this case schwuppe gets Cruyff for 63 million
and has 300 - 63= 237 million left to pick remaining 12 players out of which he has to select 10 eventually.
Then PDG1978 gets Pele
for 57 million and has 300-57 =243 million left for the remaining 12 rounds.
Rambo then gets Maradona for 32 million
and has 268 million left.
But since Karloski does not have a valid winning bid ,he gets Anton Ferdinand for the 3rd highest bid i.e 32 million.
Bear in mind though i do not disclose the winning amount for each player at any time or that how much each player has left.