Draft idea - bid for position

[AndrewB]

The idea here would be:
- Everyone taking part has $1,000,000 to bid with
- You then use this to bid (in a silent auction - i.e. bids are e-mailed to me) for your positions in the draft.

Just to illustrate, suppose we have 3 players (X, Y and Z) bidding for a 5-man team

X is desperate to get first pick, and bids (999,996; 1; 1; 1; 1)
Y wants some early picks, and bids (600,000; 300,000; 90,000; 5000; 5000)
Z wants to avoid late picks, and bids (200,000; 200,000; 200,000; 200,000; 200,000)

Then the picking order for the draft would be: X, Y, Y, Z, Z, Z, Z, Z, Y, Y, Y, X, X, X, X.

Anyone interested?

 

[ankitj]

Yep

 

[Red]

sure

 

[ataraxia]

Yep, in (with post #2000)

 

[ataraxia]

What happens in a bidding tie?

 

[honestbharani]

In..


And congrats ataraxia..

 

[Line and Length]

I'll give it a go

 

[kingkallis]

In

 

[AndrewB]

What happens in a bidding tie?

Person who's gone longest without a pick picks next.

E.g. if we change the set up in the original post to:

X bids (799,997; 200,000; 1; 1; 1)
Y bids (599,997; 200,000; 200,000; 2; 1)
Z bids (200,000; 200,000; 200,000; 200,000; 200,000)

Then the order of picks would be:
X (799,997)
Y (599.997)
Z (200.000) ahead of X & Y as Z hasn't picked previously
X (200,000) ahead of Y & Z as X now hasn't picked for longest
Y (200,000) as Z picked more recently. Y and Z now have alternate picks for a while
Z (200,000)
Y (200,000)
Z (200,000)
Z (200,000) now only Z is involved in the tie, so keeps picking
Z (200.000)
Y (2)
X (1) tie broken in X's favour
Y (1) and now in Y's favour
X (1) only X now involved
X (1)
X (1)

This doesn't work if two (or more) people make the same highest bid; in that case, the tie will be broken at random.

 

[Pothas]

Sounds good.

 

[trundler]

I don't understand at all but I'm in

 

[JOJOXI]

I'm in, just to check is it a completely open draft in terms of restrictions nationality wise etc?

 

[AndrewB]

Yes. unless someone has a better idea.

 

[Line and Length]

Is it just a 5 man team?

 

[ataraxia]

Is it just a 5 man team?

As I understand it, no.

-

A few more questions for Andrew: is Bradman eligible? can you bid with non-integers? are negative bids allowed (just confirming that they aren't)?

 

[Pothas]

This is definitely one for allowing Bradman, makes that top bid more interesting.

 

[AndrewB]

Yes, Bradman is eligible.

Each player submits their list of 11 bids, which must all be whole, positive numbers of dollars (so $1 is the minimum bid), summing to $1,000,000. (You might as well put your bids in descending order, as I'll sort them that way anyway).

Please submit your bids by e-mail to andi.pqrs@gmail.com .

 

[honestbharani]

How long do we have? I have a busy day at work tomorrow...

 

[AndrewB]

No particular hurry - certainly not for people who've said they want to take part.

 

[honestbharani]

Okie.. I can send you around this time tomorrow I think. Hope that is ok for you mate.