by PotKettleBlack » Wed Oct 20, 2010 11:43 am
In.
Analysis of various ideas, even mine:
Open Auction: Liable to produce a very slow auction. Theoretically possible to shorten it by having you auction 180 players (15*12) or 240 (20*12) rather than 300, and letting people use the auto auction/waivers for bench or scrubs.
Second Price auction (my idea): like the idea because it keeps valuations more rational which leaves more flex later in the draft.
Ante: Fun if someone could build a software system to track it automatically. See that it is an administrative nightmare in this context.
Sealed bid to closed bid at the top 3: Fundamental flaws here demonstrated through some what-if scenarios:
#1- Top three sealed bids for Player X are 6.5, 7.25, 12.5.
#2- top five sealed bids for player y are: 1.25, 1.26, 1.27, 1.45, 1.75.
The problem with case #1 is that the top bidder has basically doubled the next two bidders up. Should they get a second chance to open auction with him? Not saying it's a problem for the draft as a whole, but it changes the dynamic of valuation quite a bit. The goal becomes to get into the top 3, rather than win outright.
Problem with case #2 is a little more of a problem: Is there something magical about applying some game theory guess work and dropping 1.27 rather than 1.25 for a bid? Should the two guys who were collectively three cents be kicked out of an open auction simply because they didn't game it right, even though, in open auction, they might outbid all three-four ahead of them?
A solution to both: Rather than top three, how about a percentage of the top bid, say 15-25%, or a flat amount, say 1.5 million within the winning bid. . In case one, the high bidder gets it outright. In case two, you have a five person open auction.
Don't like the idea of pre-pick parks, because the closed auction format gives you limited control of your players. Pre-selecting park may wind up with you drafting a team suited to a small ball park but stuck in a hangem and bangem park. Course, that might be amusing too.
Any rate, am up for whatever folks decide as long as it doesn't become a full time job.