Post by Admin on Oct 23, 2017 4:52:22 GMT -5
Please choose one version of 5.13.2.
To summarize:
- Current: If an invalid FA bid has been surpassed, then the auction will continue as normal.
- Proposed: If an invalid FA bid has been surpassed by bids from multiple bidders, then the auction will continue; however, if it was surpassed by a bid from only one bidder, then the auction will be reset to the moment of the infraction.
Current version of 5.13.2:
“5.13.2 Non-Leading Invalid Bids
If a bid is identified to be invalid and has been surpassed in value by a more recent valid leading bid then the auction will continue as if the invalid bid had not occurred. The auction will not be stopped nor have the 24 hour clock re-set, and the existing 24 hour timer will continue to count from the time the current leading bid was placed. Penalties from rule 6.6 will still apply.”
Proposed rewrite of 5.13.2:
“5.13.2 Non-Leading Invalid Bids
If a bid is identified to be invalid and has been surpassed in value by more recent valid bids by more than one other bidder then the auction will continue as if the invalid bid had not occurred. The auction will not be stopped nor have the 24 hour clock re-set, and the existing 24 hour timer will continue to count from the time the current leading bid was placed. Penalties from rule 6.6 will still apply.
If a bid is identified to be invalid and has been surpassed in value by only one other bidder then the commissioner will reinstate the leading bid prior to the invalid bid, and reset the auction clock to 24 hours from the post confirming the voidance to allow rival teams fair opportunity to beat the reinstated leading bid.”
To summarize:
- Current: If an invalid FA bid has been surpassed, then the auction will continue as normal.
- Proposed: If an invalid FA bid has been surpassed by bids from multiple bidders, then the auction will continue; however, if it was surpassed by a bid from only one bidder, then the auction will be reset to the moment of the infraction.
Current version of 5.13.2:
“5.13.2 Non-Leading Invalid Bids
If a bid is identified to be invalid and has been surpassed in value by a more recent valid leading bid then the auction will continue as if the invalid bid had not occurred. The auction will not be stopped nor have the 24 hour clock re-set, and the existing 24 hour timer will continue to count from the time the current leading bid was placed. Penalties from rule 6.6 will still apply.”
Proposed rewrite of 5.13.2:
“5.13.2 Non-Leading Invalid Bids
If a bid is identified to be invalid and has been surpassed in value by more recent valid bids by more than one other bidder then the auction will continue as if the invalid bid had not occurred. The auction will not be stopped nor have the 24 hour clock re-set, and the existing 24 hour timer will continue to count from the time the current leading bid was placed. Penalties from rule 6.6 will still apply.
If a bid is identified to be invalid and has been surpassed in value by only one other bidder then the commissioner will reinstate the leading bid prior to the invalid bid, and reset the auction clock to 24 hours from the post confirming the voidance to allow rival teams fair opportunity to beat the reinstated leading bid.”
